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Tag Archives: taxation

Singapore’s Tax Body Plans To Lift Crypto Taxation

Cryptocurrencies are increasingly being taxed as many countries continue to adopt Crypto regulation policies that classify Digital Assets as one of any other commodity that can be traded in the market in expectation of positive returns. A similar law is in force in Singapore where Cryptocurrency transactions are subjected to the goods and services tax […]

Roundup – 27/01/2019 – Phishing Scam on Localbitcoins.com

Phishing Scam on Localbitcoins.com Reportedly, Localbitcoins.com users have fallen victim to a phishing attack. A fake account on the website redirected users that wanted to trade Bitcoin to another web page. The website urged the users to enter 2FA-numbers. This gave the phishing scammers access to the users’ account. In consequence, all their funds were […]

Roundup – 23/01/2019 – Romania Imposes 10% Tax on Gains Through Cryptocurrencies & more

Romania Imposes 10% Tax on Gains Through Cryptocurrencies Romania has become the latest country that will tax its citizens on their cryptocurrency gains. The tax amendment foresees a 10% taxation on cryptocurrency gains through investments. This does not include revenues that are paid in Bitcoin. The tax does not apply for gains below 600 Ron […]

Roundup – 20/10/18 – Only 39% pass Virtual Financial Assets in Malta & more

Only 39% pass Virtual Financial Assets exam in Malta Malta passed a Virtual Financial Assets act that among other things states that persons that wish to deal with cryptocurrencies have to pass an exam. The exam is mandatory for persons who want to offer cryptocurrencies, ICOs, portfolio management or investment advice in Malta. As it […]