In the past, domestic companies needed to pay tax on paper gains from their cryptocurrency holdings. However, they will now be required to do so when they sell the asset. Allegedly, Japanese…
Category: Tax
Blockchain Association Urges IRS to Adjust Tax Rules Course to Avert Killing DeFi
Crypto lobbying group Blockchain Association urged the Internal Revenue Service (IRS) on Monday, November 13, to relent from the risk of damaging the US decentralized finance (DeFi). Blockchain Association argued that redefining…
India’s 1% Tax on Crypto Trade Ineffective for High-Frequency Trading
Shardeum’s co-founder and president stated that regulation in India has experienced diverse outcomes. Shardeum’s President and co-founder, Nischal Shetty, talks about the situation at Messari Mainnet. As legislators try to zip up…
Blockchain Association Responds to US Legislators’ Request for Crypto Tax Guidance
In July, legislators with the United States Finance Services Committee announced they would receive recommendations concerning taxing crypto up to September 8. The Blockchain Association, a U.S-founded cryptocurrency advocacy group, has provided…
Push for 30 Percent Digital Mining Energy Tax Renewed by White House Advisors
The community criticized a blog on 2nd May by the Council of Economic Advisors (CEA). The CEA is a U.S agency with the crucial role of advising the nation’s president on economic…
Hot Topics on Crypto Twitter – Coinbase CEO Praises the UAE for Its Clear Crypto Rule Book
Social media giant Twitter has a new CEO, Linda Yaccarino. The company owner Elon Musk says the new head will be helping him to transition the platform into an ‘everything app.’ What…
Crypto Exchange Bitget Secures Operational Greenlight In Lithuania
The Seychelles-based crypto exchange, BitGet, is officially registered as a digital asset service provider in Lithuania. BitGet announced it had met the compliance requirements and regional guidelines in the European country to…
Sweden Dooms Bitcoin Mining Industry With Tax Hike
Sweden has long been known as a hub for cryptocurrency mining, particularly Bitcoin. However, the Nordic nation has dealt a significant blow to this industry with a drastic tax increase for Bitcoin…
Spanish Authorities Intensify Efforts on Crypto Taxation
The Spanish Tax Administration Agency (AEAT) is intensifying efforts to effectively collect crypto taxes in the country. The agency’s record shows a marked increase in warning notices from 2022 fiscal year, a…