Category: Taxes

Indonesian regulators consider tax on cryptocurrency transactions

Indonesian regulators consider tax on cryptocurrency transactions

Officials are considering a tax on all cryptocurrency transactions in Indonesia. 6503 Total views 42 Total shares Indonesia’s Commodity Futures Trade Regulatory Agency, also known as Bappebti, is considering levying a tax on all cryptocurrency transactions taking place on regulated exchanges within the country. Currently, 13 cryptocurrency exchanges fall under Bappebti’s regulatory oversight, and the […]

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The crypto FBAR: Implications beyond

The crypto FBAR: Implications beyond

The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice states that FinCEN intends to amend its regulations concerning the reporting of foreign financial accounts to include digital currency as a type of reportable account.  In […]

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The ‘inhospitable to capitalism’ US can target those ditching dollar for Bitcoin — Ray Dalio

The ‘inhospitable to capitalism’ US can target those ditching dollar for Bitcoin — Ray Dalio

Investors should reduce dollar exposure, the billionaire says, as MicroStrategy’s Michael Saylor describes Bitcoin as the “obvious solution.” 14160 Total views 48 Total shares The United States and other countries could “impose prohibitions” on Bitcoin (BTC) as part of “shocking” tax changes, investor Ray Dalio has warned. In his latest article on LinkedIn, Dalio — […]

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