Tag: Agency

Canada Tax Agency Poses Probing Questions to Cryptocurrency Owners

Canada Tax Agency Poses Probing Questions to Cryptocurrency Owners The Canada Revenue Agency (CRA) has sent an extremely detailed questionnaire to citizens it believes to be in possession of cryptocurrency. Those suspected of failing to disclose the full extent of their holdings have been asked whether they use a cryptocurrency […]

Australia’s Financial Intelligence Agency Registers 246 Bitcoin Exchanges

Australia’s Financial Intelligence Agency Registers 246 Bitcoin Exchanges The Australian Transaction Reports and Analysis Centre (Austrac) has now officially registered 246 cryptocurrency exchanges. Pro-regulation industry participants have described the move as a key step towards legitimizing crypto assets. The registration process includes performing background checks and other anti-money laundering procedures […]

Swedish Trader Expects to Pay 300% of Crypto Profits to Tax Agency

Swedish Trader Expects to Pay 300% of Crypto Profits to Tax Agency According to local media, a Swedish cryptocurrency trader is anticipating receiving a tax bill of approximately $ 1 million after conducting approximately $ 2.9 million worth of trades across tens of thousands of transactions made since 2014. The […]

Canadian Electoral Agency Clarifies Cryptocurrency Donations for Political Use

Canadian Electoral Agency Clarifies Cryptocurrency Donations for Political Use Canada’s electoral body has started consultations on how political parties should handle cryptocurrency donations ahead of general elections slated for October. Political parties have requested guidance from Elections Canada (EC) on accepting contributions and conducting other transactions in bitcoin. EC has […]

Denmark’s Tax Agency to Collect Information About Bitcoin Traders

Denmark’s Tax Agency to Collect Information About Bitcoin Traders Danish tax authorities will soon be going after cryptocurrency traders in the country and beyond. The plan is to collect data from local bitcoin exchanges in order to verify if citizens who have traded digital assets have paid the right taxes. […]

Banking Agency Advises European Commission to Assess Common Crypto Approach

Banking Agency Advises European Commission to Assess Common Crypto Approach The European Banking Authority (EBA), a regulatory agency of the European Union, has published its assessment into the application of EU law to crypto assets. The agency, which is headquartered in London, recommends that the European Commission tables a response […]

Reuters: Brazil’s Antitrust Agency Launches Probe Into Major Banks Regarding Crypto Trade

Reuters: Brazil’s Antitrust Agency Launches Probe Into Major Banks Regarding Crypto Trade Brazil’s antitrust regulator has reportedly launched a probe into six major banks on allegations of monopolistic behavior in an attempt to corner the crypto market Cointelegraph.com News

FinCEN Director: Agency Receives 1,500 Suspicious Activity Reports on Crypto per Month

FinCEN Director: Agency Receives 1,500 Suspicious Activity Reports on Crypto per Month The director of the U.S. Financial Crimes Enforcement Network (FinCEN) says that the agency has seen a surge in filings of crypto-related Suspicious Activity Reports Cointelegraph.com News