Indian Bitcoin Investors Face Paying Taxes on their Bitcoin Sales [Profits]

India Bitcoin rupee

Investors in India are finding that they may be subject to paying tax after selling their bitcoin following the Reserve Bank of India’s (RBI) warning against trading in them. Earlier this month, the country’s central bank issued its second warning to the public cautioning them about digital currencies, in particular, bitcoin. In a public notice, … Read more

Australia (Finally) Introduces Bill to Kill Double Taxation of Bitcoin

The Australian government has delivered on its longstanding promise to remove the double taxation of transactions involving cryptocurrencies like bitcoin. For years, digital currency adopters in Australia were taxed twice for transactions, once for the goods and services tax (GST) on the product and again for the GST levied on the digital currency used for … Read more

Spain to Tax its Bitcoin Miners up to 47% of Profits

Spain blockchain

A recent notice from the official taxation authority in Spain sees bitcoin mining fall under the purview of an economic activity, opening cryptocurrency mining to taxation. Bitcoin and cryptocurrency miners in Spain will see taxation of their profits, a recent notice issued by the country‚Äôs National Directorate of Tax revealed. First reported by Spanish industry … Read more

New Jersey to Begin with Double Taxation of Bitcoin

new jersey

New Jersey is known for many things. As a burial ground for New York mobsters. Home to an impressive array of environmentally toxic factories. Atlantic City is the established gambling capital of the Eastern United States. Newark, New Jersey: one of the United States’ most criminal-minded cities. And a catchy state tourism jingle “New Jersey … Read more