This could include rules for profitable sales of cryptocurrencies as well as profits from national crypto mining projects.
The Spanish tax authority has begun sending out warning notices to 66,000 cryptocurrency holders to remind them of their tax obligations.
Cryptocurrencies are legal in most countries, with Japan being a shining example of progressive legislation. In 2017, the Japanese government
Citing an unnamed Australian Tax Office (ATO) representative, news.com.au reported on the forthcoming campaign on March 11.
Representatives of major crypto exchanges today told the United States Internal Revenue Service that they want to see clear regulations rather than vague suspicion from the tax authority.
With the 2019 tax season upon us, the IRS is leaving nothing off the table. Cryptocurrency holders are looking for ways to avoid reporting failures on their returns, and the agency has noticed.