Azerbaijan to Tax Crypto Incomes and Profits
Gains from cryptocurrency transactions will be taxed in Azerbaijan, according to a high-ranking official from the Tax Ministry. Authorities in the energy-rich nation intend to tap into both corporate profits and personal incomes. The country has previously taken a conservative stance on cryptocurrencies but the focus on taxation now signals a change in Baku.
Bitcoin looks set to test $10,000 level this weekend
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Bitcoin closed on Thursday at $9,759 on Bitfinex, the highest daily close since March 7. This may signal a break out from the narrow range that bitcoin has been trading for almost a week now.
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