IRD sets its sights on bitcoin and cryptocurrencies

The Inland Revenue Department is working on guidelines for the tax treatment of cryptocurrencies and may regard it as similar to the proceeds of gold bullion sales that had been held for profit. An IRD spokesman said preparatory work “is underway on issuing public guidance regarding the tax treatment of …

Insider trading probe leads to crash of bitcoin cash

© Benoit Tessier / Reuters The price of bitcoin cash plunged 10 percent when trading resumed following an investigation by a leading cryptocurrency exchange into possible insider trading. Read more Bitcoin crashes 15% as cryptocurrency investors pour money into bitcoin cash Bitcoin cash’s wild price swings led Coinbase to suspect …