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According to the news published on Bitcoin News, the National Revenue Agency in Bulgaria is preparing to carry out inspections on cryptocurrency trading platforms with their customers. The goal of the specialist is to keep under control that both parties fulfill the duties required by the country's safety and tax laws.
The news also stated that the treatment of cryptocurrency profits differs significantly between the EU. The speed at which they are taxed can be between 0 and 50 percent. There are various ways in which people interpret the legal status of digital resources. Most EU countries have not established rules for cryptocurrencies and the activities created around it because of which many officials have recommended joint action throughout the Union. The website reported that two of the supervisory agencies have asked for the acceptance of an EU municipality.
According to the publication, an official announcement found that nine companies are under the control of the authority for this investigation, as they said they were negotiating digital assets as their main business. The authorities will also dedicate themselves to the "how" of the business and understand better.
According to the publication, the processing of cryptocurrency profits differs greatly from one of the EU countries. The speed at which they are taxed is often anywhere between 50%. There are many ways in which people interpret the status of digital resources. Most EU countries have not established laws for cryptocurrencies and therefore the activities planned around it, due to the fact that several officials have solicited unified action throughout the Union. The publication reported that 2 of the restrictive agencies have confused the adoption of the EU municipality.
The Balkan National Revenue Agency is preparing to conduct inspections on cryptocurrency mercantilism platforms and on their customers. The authority wants to make sure that everyone fulfills their obligations under the country's tax and social insurance laws.
As Cointelegraph reported today, the Danish tax authority has been authorized by the country's Tax Council to obtain information on all cryptocurrency transactions in 3 national encryption exchanges. In July 2017, Cointelegraph reported that the US tax agency had withdrawn from its request to exchange Coinbase cryptocurrency to show information about each individual in each of its US users. Instead, a November 2017 statement established that only the information of users who carried out high transactions was needed, transferring the entire range of users reported by Coinbase to 15000
