Altcoin News by Thebittimes.Com

Source: Andy/Adobe Argentina’s tax body has bolstered its ongoing crackdown on crypto miners who do not declare their operations – and looks set to make good on the government&rsquo ;s pledge to ensure that all crypto-related activity in the nation is taxed. After ministers called for crypto-related tax reform back in February, the national tax Authority, known locally as the AFIP, last month began identifying and shutting down groups of illegal crypto miners. Now, they have struck again and say they have teamed up with customs and social security officials, per an official government notice. The partnership has already borne fruit – with what the AFIP called a “series” of raids on properties in the town of Río Cuarto, Córdoba. Source: argentina.gob.ar/AFIP The raids uncovered “ 57 mining rigs and 342 video cards with a market value of $420,000.” The officers claimed that the Río Cuarto miners were usin...

Over the years, Bitcoin and other cryptocurrencies have risen to prominence. Ever since the rise in popularity, the scrutiny over cryptocurrencies is also rising. Regulators around the globe are trying to put a leash on the usage of cryptocurrencies. Even though the popularity of crypto is rising among users, the stance on crypto is different in different countries. While some countries, like El Salvador, have made Bitcoin legal, other countries, like China, have outright banned it. Even though Bitcoin is not legal in several countries, it doesn’t mean that it is illegal. Several countries, like the United States, want to build a regulatory framework around cryptocurrencies. However, the million-dollar question is who will look after it. Let us look at some of the countries and the legality of bitcoin and cryptocurrencies in general. Australia Australia is home to several crypto supporters , and the adoption rate has been on the rise. The country made crypto legal in 2...