Binance and Huobi receive more illicit Bitcoin than all ...
Binance and Huobi receive more illicit Bitcoin than all ...
Bitcoin Regulation News Cryptoglobe
Binance: The inside story of the world’s biggest Bitcoin ...
Binance.US opens for deposits and registrations
Traders Are Now Banned From Using ... - Bitcoin News
Bitcoin Archives - Coin News 9
My Crypto taxes in Germany - 2017(18), actual status
Ola ppl, yesterday I finally had my "date" with my official tax accountant from a major German tax union in Hessen. He does all my official tax work and is legally responsible for my tax return. Since I had some trades in 2017 with BTC, (and a lot in this year!), I was looking forward to this meeting to get all my crypto-tax questions cleared. The state is as follows: The German Finanzamt doesn't know how to tax crypto, again. There was a EU judgement (case „Hedqvist“, C-264/14) in 2015 which defines Bitcoin and Crypto as currency and therefore can’t be taxed. This view has also been strengthened by the German Federal Financial Supervisory Authority (BaFin) in this year (2018) which has the same view on Crypto. This resulted in the "mess" that we are in (for us in Crypto in Germany it is great actually) tax regarding. To sum it up, this was told to me from my Tax-man, for a private person doing private trades:
I dont need to report anything Crypto related. Not my BTC buys, not my binance trades, no airdrops, no mining, no passive income from holding, nothing.
The German Finanzamt simply doesnt care for cryptos now, the volume and tax amounts are insignificant and it is now defined as currency-type again. If you are not dealing with SIGNIFICANT amounts of €-value in Cryptos, nobody will even ask you about anything. If you are dealing whit amounts which raises the questions of the "Finanzamt" (hence "Significant"), it is about money laundering and the likes of.
The "Finanzamt" has, for now, no LEGAL way of requesting/tracking trades on crypto-exchanges (except for cases when they go to court), since exchanges are not official banks/financial institutions, they have no legal authority over them. In turn, Crypto exchanges have no official/standardized way of reporting taxable trades/buys/etc... like financial institutions have. No one is going to manually track and calculate your trades unless they are said to do it by court (again, example money laundering and such cases)
I can and should keep a record of my trades IF the legal situation changes. It is highly unlikely, but you never know.
I should never invest more than I can afford, and don’t put everything in Crypto
Cheers tl;dr: For now, in Germany are NO TAXES to pay on anything crypto related. Cryptos are defined similar to currency and not taxed. EDIT: I see this is blowing up, I will try to directly talk to the "Finanzamt" about this since the opinions and experiences range from: " You are fucked and going to jail" to "Great, thats it". EDIT 2: German "Finanzamt" doesnt give statments regarding procedures, I shall contact a legal tax adviser or preferably a union. You cant make that shit up. Back to square 1, will make a second meeting with a different adviser to check it explicitly on that matter. What a legal swamp....
Binance.US, the American arm of crypto exchange behemoth Binance, opened doors to new signups today. Starting 8AM EST, US citizens—depending on what state they’re in—can deposit Bitcoin ... Traders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country and cannot trade fiat for bitcoin. US seizes $1bn in bitcoin linked to Silk Road site Bitcoin admin - November 6, 2020 0 The US government has seized more than $1bn worth of bitcoins connected to the shuttered darknet marketplace Silk Road and is suing for formal... Binance was just two years old, and while this was hardly fatal, it was not only a watershed moment but a blow to one of the fastest rising companies in crypto. It had taken the company a scant eight months in 2017 and early 2018 to become the most active exchange in the world. At the peak of the crypto bubble, Binance said its 7.9 million users were trading some Despite having strict KYC procedures in place, Binance and Huobi received more illicit Bitcoin than all other exchanges in 2019. An excerpt from the Chainalysis 2020 Crypto Crime Report points out ... Bitcoin prices reacted to the announcement on Wednesday that the US White House and Congress had reached an agreement over a $2 trillion stimulus deal that would provide economic relief for the ongoing coronavirus pandemic.
Three Signs Of The Bitcoin Blow-Off Top You Should Not Ignore June 25 2019
We have a renowned portfolio in gathering leader’s insight in blockchain and cryptocurrencies, including the Financial Conduct Authority, Bitcoin.com, CoinMarketCap, Binance, Microsoft, IBM ... Subscribe to the TechCashHouse to learn everything you need to know about bitcoin, bitcoin news, cryptocurrencies, stocks, investing, and more! Manage your cash, and be informed. Let's grow ... Bitcoins do not require banks or third-party financial services to act as central clearing houses for electronic transfers. In essence, Bitcoin technology “cuts out the middleman”. Bitcoin is ... Bitcoin and cryptocurrency news - Binance announces the first fiat on ramp, Dennis Rodman loves pot, crypto, and peace in Korea, Hollywood disruption, women coming into crypto, and Well Fargo ... Get this crypto trading plan free chapter, or grab the unbeatable book special in the next couple days before that deal is gone - The market have provided us a chance to prepare, so don't miss out ... Join Telegram Channel For Important Crypto Updates: Telegram: https://t.me/CryptoPM In This Video: 1. Binance is set to acquire CoinMarketCap, the deal could be worth as much as $400 million. 2 ... Tax Day lawsuit alleges the IRS violated crypto holders' constitutional rights. Lightning Startup Zap Raised $3.5M for Bitcoin App Ahead of Visa Deal. South Korean Giant Hanwha Invests $3M in ... Today's news: Bitfinex/USDT gets subpoenaed from US regulatory officials. Facebook updates its advertising policy to BAN ads relating to cryptocurrencies and trading and exchanging them. Japanese s... Bitcoin Set To Blow? Binance and China Plan To Pump Bitcoin? - Ripple Blasts Libra - NANO Exit Scam Cracking Crypto. Loading... Unsubscribe from Cracking Crypto? Cancel Unsubscribe. Working ...