Cryptocurrency and Taxation Challenges

Cryptocurrencies have been in the news recently because tax authorities believe they can be used to launder money and evade taxes. Even the Supreme Court appointed a Special Investigating Team on Black Money recommended that trading in such currency be discouraged. While China was reported to have banned Some of largest Bitcoin trading operators, countries such as the USA and Canada have laws in place to restrict stock trade in cryptocurrency.

What is Cryptocurrency?

Cryptocurrency, as the name suggests, uses encrypted codes to effect a transaction. These codes are recognized by other computers in the user community. Instead of using paper money, an online ledger is updated by ordinary bookkeeping entries. The buyer's account Is debited and the seller's account is credited with such currency.

How are Made Made Cryptocurrency?

When a transaction is initiated by one user, her computer sends out a public cipher or public key that interacts with the private cipher of the person receiving the currency. If the receiver accepts the transaction, the initiating computer attaches a piece of code onto a block Of several such encrypted codes that is known to every user in the network. Special users called 'Miners' can attach the extra code to the publicly shared block by solving a cryptographic puzzle and earn more cryptocurrency in the process. a miner confirms a transaction, the record in the block cannot be changed or deleted.

BitCoin, for example, can be used on mobile devices as well to enact purchases. All you need do is let the receiver scan a QR code from an app on your smartphone or bring them face to face by utilizing Near Field Communication (NFC). Note that this is very similar to ordinary online wallets such as PayTM or MobiQuick.

Die-hard users swear by BitCoin for its decentralized nature, international acceptance, anonymity, permanence of transactions and data security. Unlike paper currency, no Central Bank controls inflationary pressures on cryptocurrency. Transaction ledgers are stored in a Peer-to-Peer network. That means every computer chips in its computing power and copies of databases are stored on every such node in the network. Banks, on the other hand, store transaction data in central repositories which are in the hands of private individuals hired by the firm.

How Can Cryptocurrency be used for Money Laundering?

The very fact that there is no control over cryptocurrency transactions by Central Banks or tax authorities means thattebiz cannot always be tagged to a particular individual. This means that we don't know whether the transactor has obtained the store of value legally or Not. The transactee's store is similarly suspect as nobody can tell what consideration was given for the currency received.

What does Indian Law Say about such Virtual Currencies?

Virtual Currencies or cryptocurrencies are commonly seen as pieces of software and hence classify as a good under the Sale of Goods Act, 1930.

Being a good, indirect taxes on their sale or purchase as well as GST on the services provided by Miners would be applicable to them.

There is still quite a bit of confusion about whether cryptocurrencies are valid as currency in India and the RBI, which has authority over clearing and payment systems and pre-paid negotiable instruments, has certainly not authorized buying and selling via this medium of exchange.

Any cryptocurrencies received by a resident in India would thus be governed by the Foreign Exchange Management Act, 1999 as an import of goods into this country.

India has allowed the trading of BitCoins in Special Exchanges with built-in safeguards for tax evasion or money-laundering activities and enforcement of Know Your Customer norms. These exchanges include Zebpay, Unocoin and Coinsecure.

Those investing in BitCoins, for instance, are liable to be charged on dividends received.

Capital gains received due to sale of test involving Virtual currencies are also liable to be taxed as income and consequent online filing of IT returns.

Should your investments in this currency be large, you are better off obtaining the assistance of a personalised tax service. Online platforms have eased the process of tax compliance by a long way.

How To Search For Cheap Holiday Packages

Planning a family vacation is easier if you have a good package so you don't have to worry about every little detail of the trip. However, the more detailed and thorough a package is, the higher the rate. With the current economic situation, the affordable vacation budget has been considerably reduced for many middle-income families. Despite the economic crisis, every family wants to vacation at least once a year and to do so they have to find a cheap and affordable package.

Where to Start Watching?

The best way to find an affordable package is to contact online travel agencies and get their rates. This way you can compare the rates of at least a dozen travel agencies and find out which of them offers the best rate. You should also check with your local travel agents as they often offer discounts and low rates to local customers. The average fare for a low-cost package to Hawaii should be between $ 600 and $ 800, so if your destination is Hawaii, you need to remember these figures when looking for a package.

Factors Affecting the Package Rates:

Many people are unaware that the rates of the same packages may change every year during different seasons. For example, during the holiday seasons, many people plan their vacations, which means that hotel rates are rising and so are the packages. So if you are hoping to find a great discount on the package, plan your vacation for the other period than the holiday season. This way you can get a good discount and enjoy your trip, as the tourist spots won't be crowded then.

Select For All Inclusive Package:

It is best to choose an all inclusive package as it will not only cost you less but also make your trip free. The all inclusive vacation packages even cover the rental of the car used during the holidays and breakfast is free throughout the trip. So you end up saving a considerable amount just for free breakfasts. Plus, with an all-inclusive package, everything has been pre-planned and arranged in advance so that there are no problems during the trip. Everyone needs a totally stress-free vacation and with a well-planned vacation package you can just relax and enjoy your time with the family.

Foreign exchange price trend – Fundamental V technical analysis, which one should you use?

The purpose of currency trading is to profit from changes in foreign exchange prices. Here, we will study two forms of analysis, basic analysis and technical analysis, and then see which one is the best. So which method is best for you? Let us find out the answer.

Let us first look at the fundamental analysis, which is a study of the supply and demand facts to determine the future price trend. By studying economic and political events, forex traders then buy and sell based on the news.

The problem with fundamental analysis is that although we all share the same facts, we all draw different conclusions. Traders don't respond to news, they look at the news logically, and they respond to greed and fear, which means you can't trade news as a profit.

If you look at the money market, it's not an important news for traders to react to it, and why you do so, you'll see that the market is at its best and rebounds, rebounding and crashing when the news comes up. the worst.

The problem with studying fundamentals is that this form of learning does not take into account the fact that traders are emotional, and that is where technology analysts have a huge advantage.

If you use technical analysis, you just assume that the basic supply and demand situation will be reflected in the price trend, but of course you will not only see the news, but how to trade each trader, and the price you see at the same time Learn all the news and trader psychology.

If you want to win in forex trading, not only is it better to use a forex chart than to try to trade news, and it takes much less time. Forex technical analysis allows you to seek triple-digit returns by following price movements, which is the best way to trade foreign exchange.

Río Ocho Rios: Jamaica All Inclusive Holidays

The Riu Ochoo Rivers is the newest all-inclusive resort in Jamaica, making it a great choice for Jamaica all inclusive vacation packages if you "want" It is the type of traveler who enjoys modern amenities and fresh architecture and landscaping. The Riu Ocho Rios is an impressive hotel with massive accommodation — at 846 rooms, guests can expect a background of pleasant activity for your vacation.

Jamaica All Inclusive Resort

The Riu Ocho Rios is located on a beautiful strip of Jamaican beach in an area famous for its beautiful rainforests and streams. White sand lines the hotel and the ocean front and delicate twin green accentuate the resort's paradise-like landscape. 371 of the apartments at Riu Ocho Rios are labeled "Exclusive Deluxe Rooms" and offer hydro massage tubs or jacuzzis in the room.

Jamaica Weddings

Riu Hotels describes the Ochoo Kings as a perfect hotel for weddings or moons, due to the large congresses, beautiful dining options and breathtaking ocean views.

Things at Riu Ocho Rios

For nature lovers, or vacationers just trying to enjoy some tropical scenery as they relax, Riu Ocho Rios offers several wonderful natural sights within 5 miles of the resorts.

Chukka Cove: This beautiful farm and stall offers horseback riding that accommodates both beginners and experienced riders. They also offer some extraordinary mountain biking through the beautiful Jamaican hills, leading down to the white sandy beach and ocean dive!

Cranbrook Flower Forest : This is an extremely beautiful park that is great for a picnic or a great hike along the Great Laughlands River, which goes up to a beautiful waterfall.

Dolphin Envelope: This natural dolphin bay allows vacationers to swim with dolphins and other aquatic creatures while exotic birds and lizards hang in the rainforests surrounding the waters.

River and Waterfalls Dunn & # 39; Tourist-friendly, this network of waterfalls can be climbed by a guided tour. Get ready to get wet!

Water Sports at Riu Ocho Rios

Tons of cold water activities are available on or near the hotel grounds. Some of the popular divers are the Wreck of Katryn, a 50-foot diver to the sunken 150-foot minesweeper and Jack & # 39; s Haul, a 40-foot diver with a huge array of coral reefs. There are plenty of fishing and sailing options around the resorts.

Night life at Riu Ocho Rios

Most of the late night clubbing takes place on the actual resorts, but there is also a recent stretch of James Street known as the Reggae strip. The strip offers a host of cool eclectic restaurants and clubs, including the ever-popular nightlife, "Jamaica's Crazy."

Dining at Riu Ocho Rios

A total of 13 bars and restaurants line the resorts to please travelers & # 39; s around the hour. Everything from Rastafarian swimming bar to Sir Richard & # 39; s à la carte Gourmet Restaurant cooks delicious food and world-class cuisine for travelers. There are some nice dining options, but a sports bar, Reggae pool bar and outdoor beach restaurant provide casual dining atmospheres to guests.

A simple way to simplify the fluctuations in Bitcoin trading

It can be said that in terms of cryptocurrency, Bitcoin has indeed experienced a real explosive growth in terms of popularity. This very popular cryptocurrency has been hit by investors, traders and consumers, and everyone is working hard to make bitcoin's deadly trade. It can provide the lowest possible cost, transaction speed and value added, which may be the reason most people choose to trade. However, this is a turbulent market. To scale up, you need to be a very smart trader when buying and selling. Through dedication and discipline, you can turn the volatility of Bitcoin into profit. You can do this in the simple and effective way below.

Keep up to date with the latest bitcoin news

News projects may not all have an impact on this currency, but the fact is that some projects can greatly affect their prices. By gaining typical news access to Bitcoin-related news and real-time news feeds, you may end up capturing certain information on time, so you can make decisions that bring good luck to the transaction. It helps to keep track of Bitcoin news and other unexpected news that may affect its performance.

Benefit from using stop loss

Whether you are just starting a trade or have been working for a while, you need to be prepared for the inevitable losses. No one expects a loss, but the opportunity always exists, so a reliable stop loss plan needs to be implemented. Valuations often fluctuate and you need to be prepared for a bad day. The market provides tools that you can automatically set to stop losses before they have a serious impact on your profits. Whether you are in the Bitcoin futures market, CFDs or cash transactions, make sure you use Stop Loss to protect your open positions.

Comprehensive understanding of technical analysis

This is very important before joining the industry. Considering that no governing body or bank influences the valuation of Bitcoin, you need to be your own judge in a variety of ways. If you don't understand the fundamentals of the market, or even know how to analyze the price chart or read the price action and apply the indicator, then you are doomed to take the wrong action. Keep in mind that price models are largely speculative, so it's important for you to understand all the technologies that matter.

Use your own leverage with caution

Leverage also has the ability to increase your earnings or amplify your losses. If you have too much leverage, you tend to manage your funds recklessly, which can eventually break the trading account. On the other hand, considering that premium trading may not perform as fully as expected, excessive use of leverage may hinder performance. When it comes to bitcoin transactions, you need to take a balanced approach to enjoy a good return.

Cheap Travel Packages: Tips for Choosing the Ideal Holiday Package for Your Next Trip

Finding and choosing the right holiday package has never been easier. There are so many tools on the internet to help you find discount hotel deals, business flyers and more. Whether you're looking for last minute deals or all-inclusive vacations, you just have to look through travel packages and compare all the offers. Which is ideal for your travel needs?

When evaluating a package, one of the important things to consider is housing. There are so many types of accommodation, including budget hotels, chain hotels, hostels, cabins, inns, large resorts, serviced apartments and accommodations, and so on. If you plan to spend most of your trip away from home and have access to reliable transportation such as renting a car or bus, it is good to stay at a cheap hotel with basic amenities.

Do you really need any kind of package? Do the "inclusions" even pay? It all depends on what you really want out of vacation. For most people, a flight ticket, clean room, free breakfast and free WiFi are enough. Before choosing any kind of package, ask yourself if you can do it without any issues.

Another important consideration is location. There may be hotels across town. Don't think that just because you get a room at a low price will save you money. Depending on its location, you could end up paying more by car, bus or taxi. You may not even have to rent a car if your hotel is within walking distance of all the places you plan to visit. At the very least, there should be a supermarket within walking distance so you can grab some necessities.

Beware of Fraudulent Access Travels

Always know exactly what you are booking and paying for. Don't be swayed by so-called "cheap travel packages" that have hidden fees. Not that all of them do – some are really good struggles. You still need to be cautious. It also helps to read the terms and conditions for understanding the cancellation process. Some packages will charge you money if you change plans and have to cancel. You may even find some no refund types of offers.

Use Google Maps or some other type of interactive street map to better understand where a hotel is located in relation to restaurants, shops, bus stations, the airport, train stations, beach, etc. makes it easy to order with affordable travel packages.

Where can you find the most affordable trips? On the internet sites, you will find some amazing offers. Whether you're traveling for a cruise, flying to a big city, staying at a ski resort, etc., just use online discount codes to get a good deal.

All the information you need to know about the use of Litecoin

Litecoin is a cryptocurrency that has become increasingly popular with consumer demand for alternative currency choices around the world. This currency works in much the same way as the world standard currency. Traders and investors are already aware of the huge potential of this currency, and both beginners and experienced investors trade in large numbers. The best way to make the most of the Litecoin transaction is to take advantage of the services of the Litecoin broker. There are many available Litecoin brokers who are known for providing quality service to their clients. These brokers will be able to help traders make the right investment decisions.

When you hire a good Litecoin broker, they will provide a wealth of tools and resources to make sure your transaction goes smoothly. Perhaps the most commonly used tool for these brokers is the Litecoin news widget. This widget can be fully customized to meet your specific needs. It will provide ongoing updates on cryptocurrency news and other relevant information so you can stay up-to-date with the latest news. The following sections provide insight into the exact meaning of this cryptocurrency and how to use and obtain it in addition to trading.

What is Litecoin?

Litecoin is a virtual currency that can be acquired and used to purchase and sell a variety of services and products, such as jewelry, clothing, food and electronics. Since this currency is only used online, its value depends on the demand on the currency trading website. The cryptocurrency can be traded or mined. This process can be a daunting task when digging money. The computer solved the mathematical equation and was rewarded. Almost any good computer can dig out this currency, but statistically, the chances of success are low, and it can take a few days to earn a few coins.

The difference between Litecoins and Bitcoin

The main difference is that Litecoins buys much faster than Bitcoin, with a limit of 84 million, compared to a limit of 21 million for Bitcoin. Bitcoin is accepted in more and more online stores, but Litecoin is popular every day. Currency is decentralized, so this is a big advantage for traders. As cryptocurrencies become more widely known, costs are expected to be lower than bitcoin costs.

Cancun Vacation Package Tips: What to Consider When Planning a Trip to Cancun

It is hard to believe that the beaches of Cancun were once empty parts of white sand, only occasionally visited by magical fishermen. Until the 1960s the region was transformed into a tourism development project. Today millions of tourists around the world are always looking for deals on Cancun holiday packages. Not only are there cheap luxury resorts located throughout the area, flyers are typically low as well. There is something for everyone: single-family resorts, family activities, beaches, water parks, magical ruins, etc.

What vacation packages in Cancun include varies depending on factors such as the resort itself, baggage, prices and availability. In general, you can expect things like:

• Beautiful room or suite

• Most (if not all) meals

• Recreational activities

• Access to a gym

• Premium brand alcohol

• Golf

• Dry cleaning / laundry services

• Room service

• Airports

If you stay in a family friendly resort, there will be lots of kids & # 39; activities also included.

You may not get all the services mentioned. Again, it depends on the resort. There are also Cancun vacation packages that are tailored to a specific theme, such as a spa, outdoor adventure, honeymoon or golf game.

On some travel booking websites, you can book a hotel room with air transportation and car rental all at the same time. You may even get a discount depending on when you plan to go and the number of nights you spend.

Best Time for Cancun Vacation Packages

When should you go to Cancun? High season runs from mid-December to March, and low season runs from May to November. Although hotels are the cheapest during low season, the weather is not the most desirable. A good compromise would be to go during shoulder season, which is early December and all of April.

You may not need your own rent because the area has good, reliable public transport. If you plan on staying at a large resort, most of your needs will be taken care of and you really haven't won and don't need to leave unless you want to explore and visit. The only time a car can be rented is for tourists who want to spend a day exploring the Mayan ruins.

Think about what activities will interest you and what places you want to visit during your trip. Search for Cancun vacations that include hotels or resorts near the places you want to see and experience. Don't spend money on any kind of package if it contains things you don't necessarily need.

Check discounts online from Cancun vacation packages. The site has last minute offers, all kinds of vacations and various coupons to help you save on your next vacation. It's easy to keep up to date and compare offers.

 Is There a Correlation Between The Dow Jones & Cryptocurrency?

After a rather nice bull run The Dow Jones Industrial Average has had a rough couple of weeks. Cryptocurrency also is experiencing a correction. Could there be a correlation between the two investment worlds?

We need to be careful using vague terms like "bull and bear markets" when crossing over into each investment space. The main reason for this is that cryptocurrency over the course of its amazing 2017 "bull run" saw gains of well over 10x. If You put $ 1,000 into Bitcoin at the beginning of 2017 you would have made well over $ 10,000 by the end of the year. Traditional stock investing has never experienced anything like that. In 2017 the Dow increased approximately 23%.

I'm really careful when reviewing data and charts because I realize that you can make the numbers say what you want them to say. Just as crypto saw enormous gains in 2017, 2018 has seen an equally quick correction. The point I&# 39;m trying to make is that we need to try to be objective in our comparisons.

Many that are new to the cryptocurrency camp are shocked at the recent crash. All they've heard was how all these early adopters were getting rich and buying Lambos. To more experienced traders, this market correction was pretty obvious due to the skyrocketing The price of the last two months. It was obviously that sooner or later they would want to take some of that profit off the table.

Another factor I think we really need to consider is the recent addition of Bitcoin futures trading. I personally believe that there are major forces at work here led by the old guard that want to see crypto fail. I also see futures trading and the excitement around Crypto ETFs as positive steps toward making crypto mainstream and considered a "real" investment.

Having said all that, I began to think, "What if somehow there IS a connection here?"

What if bad news on Wall Street impacted crypto exchanges like Coinbase and Binance? Could it cause them both to fall on the same day? Or what if the opposite were true and it caused crypto to increase as people were looking for another place to park their Money?

In the spirit of not trying to skew the numbers and to remain as objective as possible, I wanted to wait until we saw a relatively neutral playing field. This week is about as good as any as it represents a period in time when both markets saw Corrections.

For those not familiar with cryptocurrency trading, unlike the stock market, the exchanges never close. I've traded stocks for over 20 years and know all too well that feeling where you're sitting around on a lazy Sunday afternoon thinking ,

"I really wish I could trade a position or two right now because I know when the markets open the price will change significantly."

That Walmart-like availability can also lend to knee-jerk emotional reactions that can snowball in either direction direction. With the traditional stock market people have a chance to hit the pause button and sleep on their decisions overnight.

To get the equivalent of a one week cycle, I took the past 7 days of crypto trading data and the past 5 for the DJIA.

The Dow (due to 20 of the 30 companies that it consists of losing money) decreased 1330 points which represents a 5.21% Decline.

For cryptocurrencies finding an apples to apples comparison is a little different because a Dow doesn't technically exist. This is changing though as many groups are creating their own version of it. The closest comparison at this time is to use the top 30 Cryptocurrencies in terms of total market cap size.

If you look at the entire crypto market, the size fell from $ 445 billion to 422 billion. Bitcoin, seen as the gold standard Equivalent, saw a 6.7% decrease during the same time frame. Typically as goes Bitcoin so go the altcoins.

Coincidence or causation? How is that we saw nearly similar results? Were there similar reasons at play?

I hear you before that numbers for this are vastly different. I told you before that numbers can be deceiving so we really need to pull back the layers.

Here's the major news impacting the Dow:

According to USA Today, "Strong pay data sparked fears of coming wage inflation, which intensified worries that the Federal Reserve might need to hike rates more often this year than the three times it had originally signaled."

Since crypto is decentralized it can't be manipulated by interest rates. That could mean that in the long run higher rates could lead investors to put their money elsewhere looking for higher returns. That's where crypto could very well come Into play.

If it wasn't interest rates, then what caused the crypto correction?

It's mainly due to conflicting news from several countries as to what their stance will be certainly impacts the market. People worldwide are uneasy as to whether or not countries will even allow them as a legal investment.

The past was saw some beneficial news from the congressional testimonies of Jay Clayton (SEC Chairman) and Christopher Giancarlo (CFTC Chairman). The sense was that while they wanted to eliminate bad players and ensure AML laws were followed, they wanted to also allow for Innovation.

It certainly appears that the connection in similar results between the two worlds is uncertainty.

But all knows that markets are sometimes be fleeting. There are also times when the news is so staggering that it paralyzes the market for several months and even years .

The key is sifting through all of this information and deciphering what is real and what isn't.

Because I am long on both stocks and cryptocurrencies, I believe that keeping a close eye on both can be quite rewarding. The opportunity for profit exists nearly everyday. This is especially true in crypto as I've often bought a coin that just Dropped 30% over the past day and then fell another 30% the following, but regained all of that and more within a week.

I would recommend staying as diversified as necessary (this varies with each individual's situation). There are days when one is up and the other down. For a morale boost, it's nice to have the option of logging Into the account that had the better day. If you have accounts in both worlds, maybe you can relate to this.

One thing is for certain, crypto is here to stay and will definitely make investing more interesting.

Discover the Secrets of All Inclusive Vacation Packages and Simplify Your Vacation

You close, and you return to work with late projects and duties. You instantly research or do extensive internet searches for the best flight times and accommodations.

You know where you want to go, but that's about it. You understand a budget that matches your time frame and destination. You just want to hop on a plane, forget about the task for a week or two, kick back and have a good time.

Sounds easy. But who's that? will it all be arranged?

What you need is a good travel agent and all inclusive vacation package.

Every travel agent who has been around the block can take you on a dream vacation in the form of an all-inclusive vacation package.

Just tell the travel agent where you want to go and how much money you & # 39; ready to spend. The travel agent takes it from there.

When I lived on the east coast I loved traveling to different islands in the Caribbean. Problem was, with the business in which I could usually make my reservations only two or four weeks in advance.

So, I called Roberta, my travel agent, told her where I and my girlfriend wanted to go, and she came back a day later with several options. And everyone was great.

Travel agents have inside information on all the best guides, the venerable hotels and resorts, transportation options, tourism opportunities and information on the most popular tourist activities.

It's as easy to arrange the all-inclusive holiday package as to eat ice cream.
Travel agents know where to look and how to book your vacation & # 39; s activities if that's your thing. It can't be easier than that.

How to find a good travel agent

Shopping around a travel agent with a good track record.

  • If you have friends who have booked their holiday packages with an agent who has lived up to their claims, go visit that agent. Interview them.
  • Search online for travel agencies that specialize in all inclusive vacation packages.
  • Visit travel messages and chat with other travelers. You can get some valuable reins there.

What does the inclusive holiday package come with?

All inclusive trips cover everything from air traffic to lodgings all the way through a guided tour of the Coliseum or diving excursion.

What to ask your travel agent before you go

Make sure you check for travel insurance and contingencies – like what you should do if you find your hotel room is unacceptable or excessive.

Although all inclusive holiday packages cost more than self-booking, you are covered in the event of a snooze.

Before you go, ask your travel agent only what kind of reservation is available if you find yourself stuck. An experienced and respected travel agent will have the answers for you and can handle problems if they arise.

Your travel agent can also advise you on the details that need attention before you travel. For example visas, passports, airport security, currency exchanges and more.

So, are you ready to pack your bags, kick and party and enjoy a bit of an inclusive trip? Then look for it!