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Bitcoin and Money Laundering - World.tax
Decentralized and untraceable virtual currencies are attractive to those wishing to shift money across borders or to conduct illegal activities online anonymously. Bitcoin became a favourite means of payment on the Silk Road, a digital marketplace for illegitimate trade that operated exclusively on the "Tor" network. Given these concerns, regulatory agencies in charge of preventing money...
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Bitcoin and Income Tax – World.tax
This is the position of all countries that issued guidance on the income tax treatment of Bitcoin. This is also the case in countries that have not produced any guidance: the general rules apply by default, even if this fact is not explicitly stated.
Although income tax rules vary from country to country, some general observations can be made. In most countries, a different tax treatment applies...
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