Tax

Bitcoin’s meteoric rise continues as the price hit a new all-time high of $94,374 on November 20, defying skeptics and pushing market optimism to new heights. However, signs of a potential sell-off are emerging as dormant Bitcoin holdings become active. Bitcoin Price Action: A Battle for $94K Bitcoin demonstrated resilience…

Bitget Re-enters the UK Market with FCA-Approved Compliance Updates In a strategic move to adapt to the UK’s evolving regulatory environment, Bitget, a leading cryptocurrency exchange, has relaunched its platform in the United Kingdom after making key updates to comply with the Financial Conduct Authority’s (FCA) Financial Promotions (FinProm) regime.…

In a first-of-its-kind move in the United Kingdom, a UK-based pension fund has added Bitcoin to its portfolio, guided by a 3% allocation recommendation from investment consulting firm Cartwright. The decision marks a significant milestone, highlighting the increasing appeal of cryptocurrency among traditionally conservative institutions. Strategic Vision Behind the Move…

Crypto platforms in Canada have received an additional deadline extension to comply with the country’s evolving stablecoin regulations, a move highlighting the challenges and opportunities facing the industry as it seeks to align with new compliance standards. Background on Stablecoin Regulations in Canada In February 2023, the Canadian Securities Administrators…

Introduction Portugal has long been a haven for cryptocurrency enthusiasts due to its tax-friendly policies. However, recent changes introduced by the Portuguese tax authorities in January 2023 have raised questions about the future of crypto taxation in the country. In this guide, we will provide an in-depth analysis of these…

Introduction Cryptocurrency has gained significant popularity in Canada and around the world, not only as a financial asset but also as a means of conducting transactions. However, the tax treatment of cryptocurrencies in Canada can be complex and confusing for many individuals. In this comprehensive guide, we will delve into…

Introduction The world of cryptocurrencies has experienced remarkable growth in recent years. As more individuals venture into crypto investments, it’s vital to understand the associated tax implications. Cryptocurrencies introduce unique challenges and opportunities regarding taxation, making it crucial for investors to navigate this landscape effectively. Unlike traditional financial assets, the…

Cryptocurrency has revolutionized the financial world by making international transactions easier and faster than ever. However, with great convenience comes the complexity of managing tax obligations across different jurisdictions. Whether you’re an investor, trader, or business dealing with cross-border crypto transactions, it’s crucial to understand how international tax laws apply…

Cryptocurrency has rapidly gained traction as an investment vehicle, bringing with it the challenge of reporting crypto transactions for tax purposes. Keeping track of the tax implications of these transactions can be overwhelming, especially given the diverse and often changing regulations in various jurisdictions. Fortunately, crypto tax software simplifies this…

Cryptocurrency has become an attractive investment option for many, offering the potential for significant returns. However, the rapid growth and relatively unregulated nature of the crypto market have also made it a target for scammers. Understanding the risks and knowing how to protect yourself is crucial. In this blog, we’ll…