How Developed Countries Collect Taxes on Bitcoin

During the past decade virtual currencies, such as Bitcoin, Qtum, Litecoin and Ethereum, have become increasingly popular. They are currently used as both methods for payment and investment instruments. The emergence of cryptocurrencies led to a legislative vacuum that had to be replaced by adequate regulations.

The present publication focuses on Bitcoin (by far, the most popular virtual currency) taxation. Bitcoins substitute real currencies and have a real monetary value. This means that they can be converted into US and … Read more

Can Tax Authorities Identify Cryptocurrency Owners?

Capital gains from transactions in cryptocurrencies such as Bitcoin are increasingly becoming taxable in countries worldwide. Therefore taxpayers are under the obligation to include cryptocurrency transactions in their yearly tax returns. Non-compliance may lead to serious penalties. This raises the question whether tax authorities are able to adequately identify cryptocurrency owners in order to collect the liabilities.

The anonymity issue

The main concern connected to taxation of cryptocurrencies is their traceability: virtual money are often gained, spent and traded on … Read more


Start a Dutch Cryptocurrency Business

The Netherlands qualifies among the most progressive countries worldwide in regards to financial technology. The sector has a branch that uses blockchain wallets for buying and selling cryptocurrencies. Furthermore, the country has established WestHolland: a centre for development and research employing innovations to provide new technology for all areas of the economy. In the summer of 2017, the National Bank of the Netherlands officially announced the establishment of a new department for blockchain technology development.

If you are planning to … Read more

Advisory Bitcoin Business

We will advise your business in handling Bitcoin transactions

A lot of online businesses have started accepting Bitcoin payments instead of the using the generic ways of accepting payment, however, there are a lot of issues regarding banking and how to be compliant with using Bitcoin in your business. These entrepreneurs are known as a Bitcoin business.

We have the solution for the entrepreneur and not only this, we can also optimize your business to have a legally (tax-free) or … Read more

Clarifying Taxation for Digital Nomads

Every nation relies heavily on taxes. The tax funds received by the country is utilized to power the government apparatus infrastructure and various departments. The fact that the world is beginning to exist online is making it difficult for nations to keep track of what taxes should be paid. As Digital nomads make money through PayPal, Skrill and other payment service providers in various countries, it can be challenging for the tax office to find out where any earnings are … Read more