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Tag Archives: Cryptocurrency

Russia Prepares Law to Allow Cryptocurrency Confiscation

Nov 11, 2019

Bitcoin Magazine

According to local reports, Russia’s Ministry of Internal Affairs and other law enforcement agencies are developing proposals to confiscate cryptocurrencies. These proposals could evolve into Russian laws as soon as 2021. “Russia plans to develop a legal mechanism for ...

Russian Aluminum Plant Set to House Cryptocurrency Mining Farm

Nov 1, 2019

Bitcoin Magazine

International economic sanctions have propelled many countries toward cryptocurrencies — from Venezuela to Iran. Now, U.S. sanctions imposed on one Russian company have paved the way for a cryptocurrency mining operation to take over a decidedly industrial facility. Rusal Turns to Cryp...

Op Ed: How to Understand Taxable Events for Cryptocurrency

Oct 17, 2019

Bitcoin Magazine

Today’s average cryptocurrency investors, which number in the hundreds of thousands, may not even be aware that they need to pay taxes on their cryptocurrencies. But there is no longer any reasonable doubt regarding the need for reporting capital gains, compliance, auditing, accounting and taxa...