EthTrade Offers 25% Monthly Income on Ethereum Investments
A financial management company has promised to offer up to 25% monthly returns on Ethereum investments. EthTrade, as the company is titled, is touted as one of the first Ethereum-based investment projects that exclusively operate with currency pairs Ether/BTC and Ether/USD. The company requires investors to invest amount ranging anywhere from $10 to $30,000. The amount, once invested, is redirected to EthTrade’s traders who use variety of trading strategies to make maximum profits. Hence comes the returns. “Using a variety of trading strategies allows us to make a profit regardless of the....
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Ethereum, the blockchain based smart contracts platform fuelled by Ether crypto tokens is now the second largest cryptocurrency platform. For a relatively new cryptocurrency compared to Bitcoin, Ether is increasingly being traded across numerous cryptocurrency exchange platforms. While cryptocurrency trading is a lucrative money making opportunity due to the volatile nature of digital assets, not everyone can execute profitable trades due to various reasons, ranging from lack of expertise to busy lives. Instead of losing money on poorly executed trades or just letting the cryptocurrency....
The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.
The Indonesian government has decided to tax capital gains income from crypto investments at 0.1% starting in May. In addition, value-added tax (VAT) of the same rate will be levied on crypto purchases.
Indonesia to Start Taxing Crypto Income at 0.1%
The Indonesian Directorate General of Taxes, the Ministry of Finance, has set income tax (PPh) on capital gains from crypto investments and value-added tax (VAT) on crypto purchases at 0.1%.
Hestu Yoga Saksama, director of tax regulations for the Ministry of Finance, told CNN Indonesia Friday:
That’s....
The cryptocurrency market has been experiencing a major surge in interest surrounding Ethereum Spot ETFs and Fidelity Investments has joined the race with its newest filing. Fidelity Investments File For ETH Spot ETF American multinational financial service corporation, Fidelity Investments has decided to get actively involved in the ongoing Ethereum ETF mania. The mutual funds […]
A one-month old circular from Swedish Tax Authority Skatteverket on how to declare income from Bitcoin mining business was emerged recently. The circular was originally released on April 24th 2015, right before the May 4th tax filling deadline, but went highly unnoticed. It was only when the US Library of Congress intervened, and published a reworded document of the circular on its website, the new Swedish law came to light. And as it looks, Skatteverket deeply understood the complexities of a Bitcoin mining business before it penned down the income tax guidelines for it. It has....