The tax-collection agency of Israel is targeting cryptocurrency traders and investors in an aggressive push aimed at stemming tax evasion. According to the financial daily Calcalist, the Israel Tax Authority (ITA) has taken stern measures aimed at nabbing those suspected of not reporting gains made from cryptocurrency investments and trading. Some of the measures taken
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While many people see cryptocurrency as a speculative investment, many of the new asset class’ earliest adopters believe they could be much more promising for everyday currency use.
Championing the motto “Spend Crypto, Anywhere,” the U.K.-based project, Plutus, is leading the charge in delivering a worldwide payments solution to make it easier for cryptocurrency users to spend money with merchants.
Through this payment solution, online purchases can be made using either Plutus’ Tap & Pay app or physical debit card. With Plutus, prepaid funds can be added by using the pluton token (PLU), Bitcoin, Ethereum and other cryptocurrencies.