Daily crypto: Tax shock in Finland and bitcoin cash and eos continues their journey to the moon

The bull run of the cryptomarkets continues, and in Finland 3.300 people will recieve a tax shock of 30 million euro.

The bull run of the cryptomarkets continues, and in Finland 3.300 people will recieve a tax shock of 30 million euro. Image source: Shutterstock/Wikimedia Commons/Trijo News

Totte Löfström

totte.lofstrom@trijo.co

3.300 Finns will have to pay about 30 million euro extra in taxes after failing to account for cryptocurrency profits. At the same time, the cryptomarkets continues their bullrush upwards.

Right now it is tax reporting times in Finland, just like in many other countries all over the world. Last week, Trijo News reported (in Swedish) that the Swedish tax authorities had identified 20 Swedes that had not been reporting their bitcoin profits correctly.

Now, the Finnish tax authorities have identified over 3.300 Finns that have not filed their tax reports correctly, leaving out a total of 100 million euro, which means missing taxes of about 30 million euro. This was first reported by the Finnish financial newspaper Arvopaperi.

Finnish tax authorities have generous wherewithals to investigate bank transactions, which makes it easier for them to detect unaccounted cryptocurrency profits.

The bull run continues

The prices continue upwards, as they have been doing for the last week now. Bitcoin (+4,53%) sees its highest levels in 40 days right now (9.264,61 dollar) and ethereum (+7,59%) and ripple (5,82%) have been showing strong growth as well during the last 24 hours.

The biggest winners of the top five were eos (+17,41%) and bitcoin cash (+15,86%). Bitcoin cash is priced at $1.544 dollar, which is about the same as at the beginning of December last year, just before the great bull run to the all-time high of just over $4.000.

On the top 100 mixin (+76,32%) and bitcoin gold (+26,97%) grew the most, while yesterdays biggest winner, dentacoin (-16,96%), lost the most.

Prices the last 24 hours

Coin Price % (24h)
Bitcoin $9 264,61 +4,53%
Ethereum $680,95 +7,59%
Ripple $0,919093 +5,82%
Bitcoin cash $1 544,05 +15,86%
Eos $13,57 +17,41%

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