How can UK-based businesses accept Bitcoin?
Through Bitcoin payment processors like BitPay, businesses in the UK can offer BTC as a payment method during checkout.
Category Archives: taxes
IRS prepares for an increase in crypto cases in the upcoming tax season
The criminal investigation division of the IRS says it is preparing hundreds of crypto-related cases for the upcoming tax season.
Before ETH drops further, set some money aside for surprise taxes
Ethereum's Merge resulted in a Proof-of-Work airdrop. That means you could be on the hook for tokens you didn't even want.
Brazil’s Rio de Janeiro will accept crypto-payments for property taxes
The city will allow taxpayers to make crypto payments through third-party service providers.
OECD releases framework to combat international tax evasion using digital assets
The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13.
Colorado is accepting crypto for tax payments — it could be a mess or a shining example
Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe.
Norway’s government proposes eliminating reduced electricity tax for Bitcoin miners
"We are in a completely different situation in the power market now than when the reduced rate for data centers was introduced in 2016," said Norway's finance minister.
European Parliament members vote in favor of crypto and blockchain tax policies
The resolution recommended authorities in the parliament's 27 member states consider a “simplified tax treatment” for crypto users involved in occasional or small transactions.
South Korean gov has confiscated 260B KWR in crypto for non-payment of taxes since 2021
The country began seizing crypto to offset tax arrears last year.
Colorado is now accepting tax payments in cryptocurrency, as Gov. Polis promised
The Colorado Department of Revenue offers tax payment through the PayPal Cryptocurrency Hub for personal taxes; businesses are not eligible yet.
