Ohio Businesses Can File Taxes Using BTC, But Only 2 Have Done So

The treasurer’s office is reviewing the initiative. Back in November 2018, former Ohio Treasurer Josh Mandel announced an initiative for businesses to use bitcoin to pay their state taxes. Since the program began late last year, however, only two transactions have been accepted through the state’s BitPay-based platform, according to […]

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New Hampshire House Subcommittee Approves Bitcoin for Taxes Bill

During the first week of the new year, two U.S. representatives from New Hampshire, Dennis Acton and Michael Yakubovich, proposed a bill that would allow the state’s residents to pay taxes with cryptocurrencies. Now after some deliberation, New Hampshire’s House Subcommittee unanimously approved the state’s bitcoin for taxes bill. New […]

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Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests

Using its excess energy generating capacity to mine cryptocurrencies, Russia can increase its budget receipts by more than $1 billion dollars in annual tax revenue. The estimate comes from a report that also calls for the establishment of a Russian crypto valley.   Also read: Defying Crypto Winter, Swiss Crypto […]

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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. Information about foreign citizens and entities will be shared […]

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Bulgarian Revenue Agency Announces Inspection of Cryptocurrency-Selling Companies

The Bulgarian National Revenue Agency (NRA) has announced the launch of inspections of cryptocurrency-selling companies, English-language Sofia-based news outlet novinite reports on Jan. 14. The objective of the investigation is to assure compliance with tax and social security regulation, as the agency is reportedly worried about the use of crypto-assets […]

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