Singapore’s Inland Revenue Authority Says it Won’t Collect Taxes on Cryptocurrency Airdrops or Hard Forks

April 20, 2020 @ 7:58 am By Omar Faridi |

Singapore’s tax authority, the Inland Revenue Authority of Singapore (IRAS), confirmed that it will not be collecting taxes on airdropped cryptocurrency, provided that the recipients get them for free. As noted in an income tax treatment guide, released on April 17, 2020, the IRAS clarified… Read More

Read more in: Asia, Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged airdrops, crypto-assets, digital assets, digital tokens, hard forks, icos, ieos, security tokens, singapore, stos, tax guidelines, taxes, tokens, utility tokens

China Flags Crypto “Airdrops”

November 5, 2018 @ 3:04 pm By Cali Haan |

As part of ongoing government efforts to quash initial coin offerings (ICOs) in China, the People’s Bank of China (PBoC) has extended prohibitions to cover “airdrops” -the promotional distribution of free cryptographic tokens- which may possibly be being used now in China to circumvent the… Read More

Read more in: Asia, Blockchain & Digital Assets, Politics, Legal & Regulation, Strategy | Tagged airdrops, china, icos, initial coin offering, pboc, peoples bank of china, pump and dump

CoinList Adds Compliant Airdrops to their Growing Portfolio of ICO Services

April 25, 2018 @ 1:35 pm By JD Alois |

CoinList, an independent platform spun out by team AngelList, has announced a new service: Airdrops by CoinList – a compliant way to award and collect tokens. Emphasis on compliance. As initial coin offerings (ICOs) are going mainstream and becoming professionalized, CoinList is adding a feature that… Read More

Read more in: Blockchain & Digital Assets, Investment Platforms and Marketplaces | Tagged airdrops, angellist, coinlist