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Thailand to Tax Cryptocurrencies

Bank Innovation

Taxes on cryptocurrency? According to a report by Nikkei Asian Review, after a cabinet meeting suggested that crypto traders could be charged with as much as 7% value added tax as well as up to 15% tax on capital gains. Taxing cryptocurrency is a way for […].

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Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

to allow businesses to pay their corporate taxes in bitcoin. While B2B use cases of blockchain are plenty (and gaining greater traction in use cases such as trade finance and cross-border corporate payments), adoption of bitcoin and other cryptocurrencies themselves remains muted in the business community.

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Bitcoin Daily: Bitcoin Rises After Recent Crash; IRS Delivers New Rules For Crypto Investors

PYMNTS

Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. But now the hackers are asking for alternative crypto currencies to bitcoin in their ransom demands. This latest sextortion version is using a Litecoin wallet address instead of bitcoin to evade detection,” Johnson wrote.

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Bitcoin Daily: HM Revenue & Customs Demands Crypto Traders’ Info; Blockchain Lender Raises $18.3M In Series A Round

PYMNTS

The British tax authority wants cryptocurrency exchanges to share customer names and transaction data in order to track down unpaid taxes. While the HMRC declined to go into detail, saying it could jeopardize the assessment or collection of taxes, it confirmed that the request is within its jurisdiction.

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Bitcoin Blushing With Secret Admirers

PYMNTS

Who knew that Tyler and Cameron Winklevoss, known for their early involvement in Facebook, were in love with bitcoin? You might, when you find out that they were the first to file for a bitcoin Exchange-Traded Fund (ETF) with the Securities and Exchange Commission (SEC). And do you care? They do have a point there.

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Should Obama ‘Heed The Call’ On Bitcoin?

PYMNTS

Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., Promoting bitcoin. Of course, when the former commissioner, Bart Chilton, says bitcoin, he’s talking blockchain and all digital currencies. So, why digital currencies? Just like the Internet.

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Blockchain Unchained: Paxos CEO Sees Expanded Role For Token-Based Digital Assets

PYMNTS

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. Hamstringing American Innovation. s ability as a country to effectively innovate.