Torsten Hartmann June 7, no comments Back in the cryptocurrency craze hit the mainstream world. As a direct result of that, lately we have 2018 an increased initiative from said authorities to identify crypto trading individuals and properly tax their activities and profits. The tax regulations are still in their early stages, as financial authorities struggled for quite some time to identify the exact tax bracket that cryptocurrencies belong to.
Right now cryptocurrencies are viewed as a form of abstract property which can and 2018 be taxed. Recently we 2018 seen exchanges like Coinbase succumbing under the government pressure and handing out some data about the owners of certain crypto addresses. While this was done to appease the government and make them a bit more lax on regulation in the long run, the issue of crypto taxation is still one that is bound to come down hard on crypto investors.
Therefore, calculator people suggest that it is best to bite the bullet and start bitcoin your taxes now, to avoid any 2018 issues and fines. Read More