Search
Japan to Exempt Token Issuers From Corporate Tax on Paper Gains
16.12.2022
Project founders will no longer be subject to hefty taxes which forced them abroad from next April onwards
Japan set to ease 30% crypto tax on paper profits for token issuers
16.12.2022
As it stands, Japanese crypto issuers are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a profit through a sale
New House Financial Services Committee chair wants to delay crypto tax changes
16.12.2022
U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury
Incoming House Financial Services Committee Chair Asks Secretary Yellen to Delay Crypto Tax Provision
15.12.2022
Rep. Patrick McHenry, the soon-to-be chair of the House Financial Services Committee, wrote a public letter to Treasury Secretary Janet Yellen asking her to delay the implementation of the tax provision in last year's infrastructure law
Indian Crypto Traffic Took a Nosedive as Tax Regime Tightened
14.12.2022
Visits to Indian exchanges Wazir X, CoinDCX, CoinSwitch Kuber and ZebPay fell 80% between Feb. 1 – when Prime Minister Narendra Modi’s government said it will introduce a 30% tax on crypto profits and a 1% transaction tax – and Oct. 1
Billionaire Tim Draper Says El Salvador Will Become One of the Richest Countries on Earth For This One Reason
9.12.2022
American venture capitalist and billionaire Tim Draper argues that bitcoin (BTC) will lead El Salvador to become one of the richest countries in the world.
In an interview with investor Anthony Pompliano, published on Monday, Draper discussed governments turning to bitcoin and adopting 'the...
Brussels Wants All Crypto Service Providers to Report Transactions of Europeans
9.12.2022
The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are based, will have to abide by the new rules. EU...
Exclusive: Employees of Crypto Firm Koinly Reveal Shocking Details About Surprise Company Layoffs – Executives Kept in the Dark?
9.12.2022
Koinly, a crypto tax reporting platform, has laid off 14% of its team, citing "the intensifying bear market" – but several employees have claimed that the cuts affected more people and were carried out unprofessionally with poor communication.
“In a bid to combat the challenging conditions facing...
UK Extends Crypto Tax Break for Investment Managers in Financial Reforms
9.12.2022
Rishi Sunak’s government has already legislated to use stablecoins as a means of payment as he seeks to make the country a crypto hub
EU to Make Crypto Companies Report Tax Details to Authorities
8.12.2022
The European Commission is going a step further than its crypto law MiCA as it seeks to tackle tax evasion
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
8.12.2022
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate...
Nifty News: Winamp adds NFT support, Atari gets physical and more
7.12.2022
Atari has teamed up with Pixels.com for physical NFT artworks and Investopedia has given a rundown on NFT tax law
Argentina Signs Automatic Tax Data Sharing Agreement With the United States
6.12.2022
The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc Stanley, will allow the Argentine national...
Kentucky to scrutinize contracts offering cheaper electricity to miners
6.12.2022
An Earthjustice lawyer said the hearings and discovery process would give Kentuckians a good idea what they would be paying for by subsidizing the facilities
The Force Behind a 1% Tax That Crushed Indian Crypto Trading
5.12.2022
All signs indicate India’s powerful finance minister disdains cryptocurrencies, and now she is setting the G-20 agenda for how the world's economic powers will regulate it. That’s why Nirmala Sitharaman is one of CoinDesk’s Most Influential 2022
Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions
5.12.2022
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa...
Brazilian Companies Break Crypto Purchasing Records Again in October
5.12.2022
According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during October, a new record that overturns the 40,161 that...
Save Thousands In Taxes by Harvesting NFT Losses – CoinLedger Explains How
5.12.2022
There’s a silver lining to the crash in the NFT market — millions of dollars of potential tax-savings. To help NFT investors claim their tax-savings before the end of the year, CoinLedger recently launched an NFT tax-loss harvesting tool. Let’s break down how the tool works...
Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out
1.12.2022
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposal left out two planned tax exemptions for green mining operations and the issue of segregating...
Italy to impose 26% capital gains tax on crypto profits
1.12.2022
The 26% capital gains tax will be imposed on cryptocurrency trading profits larger than 2000 euros ($2,062.3)