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Will taxes be paid with Bitcoin?

Vergiler Bitcoin ile Mi Ödenecek?

A bill to change the current Indiana tax law is currently filed on January 24 to pay tax on crypto currencies to be accepted. Another draft was filed which required the treasurer of the state of New Hampshire to develop an implementation plan for the acceptance of crypto coins for tax payments.

PAYMENT OF TAXES IN INDIANA

The draft dated 1683, filed on January 24, requests the Indiana State General Assembly to amend Indiana's existing tax law.

If it is forbidden; may approve the use of one or more virtual currencies to pay taxes, penalties, interest, costs, special considerations or other obligations under the bill.

According to the document, a district treasurer:

Değ When paying using the current exchange rate, the value of the payment is determined in US dollars. “

The bill shall be effective as of 1 July 2019, if approved by the Indiana General Assembly.

NEW HAMPSHIRE ON THE SAME WAY WITH BITCOIN

The bill numbered 470-FN, which was filed on January 5, 2019 in New Hampshire, requires that the crypto currencies be accepted as tax and wage payments by state institutions.

Vergiler Bitcoin ile Mi Ödenecek?

Will taxes be paid with Bitcoin?

If the bill is approved by the Senate and the House of Representatives in the General Court; he will require the State's financier to develop an implementation plan from July to start accepting crypto currencies as wages and tax payments.

The plan also needs to define an appropriate third party payment processor. According to the documents, the payment processor should facilitate the state's operations free of charge.

The plan should be submitted on or before November 1. The bill of state institutions cryptocurrency will allow them to accept payments. But they don't have to confirm.

Florida's Seminole Region became the first US county to accept Bitcoin for taxes in May 2018. In November Ohia, Bitcoinbegan to accept for taxes.

Source: Bitcoinist

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SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

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About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

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Who Has The Most Bitcoin (BTC) Savings?

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According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

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On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

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In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

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