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Russia Plans Up To USD 13.3B In Crypto Taxes
8.2.2022
Amid ongoing talks on new crypto regulation, the Russian government reportedly estimates that, if the country introduces regulations for the crypto market and imposes a tax on transactions that involve cryptoassets, it could generate as much as RUB 1tn (USD 13.3bn) in revenue for the state...
IRS Says It Is Fighting ‘Mountains’ of Crypto & NFT ‘Fraud’ and Celebrity Shills
27.1.2022
The United States tax body, the Internal Revenue Service (IRS), says it believes the crypto and non-fungible token (NFT) space is beset with “fraud” – and has warned that celebrities promoting crypto on social media could face probes....
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South Korea to Tax Crypto Gifts, Inheritances, Plans Crackdown on Manipulators
29.12.2021
The South Korean tax body has announced plans to start taxing crypto gifts and inherited tokens – although taxes will need to be paid in fiat using complicated-sounding methods. And Seoul has also announced that it will intensify its crackdown on crypto market manipulation....
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Japanese Tax Body Updates Crypto Guidelines for Staking and Lending, but Not NFTs
25.12.2021
Japan’s tax body – the National Tax Agency – has updated its crypto FAQs, addressing issues including staking and crypto lending. But the body has made no mention of non-fungible tokens (NFTs) or token airdrops – a sign that it does not currently consider NFT trading or airdrops taxable....
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Looking for a Country with Clearest Crypto Tax Policies? Check This List
15.12.2021
The European microstate of Liechtenstein came in as the country with the clearest crypto tax policies for 2021, while Germany, coming in as number four, saw one of the best improvements since last year, a new report from consulting giant PwC has found.
Following Liechtenstein, Australia and Malta...
Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax
3.12.2021
South Korean MPs have finally overturned the government on its proposed crypto tax plans, ending a long saga that pitted lawmakers against the large crypto-skeptic administration of President Moon Jae-in....
Read More: Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax
South Koreans Can Trade Crypto Tax-Free Until at Least 2023 as Delay 'Virtualy Confirmed'
30.11.2021
South Koreans will most likely be able to trade crypto without having to pay tax on their earnings for at least another year after politicians signed off on an amendment to a much-maligned and controversial tax plan – in a major blow to the government, which bitterly opposed talk of...
South Korean Political Parties in ‘De Facto Agreement’ over Crypto Tax Delay
26.11.2021
The protracted political struggle over the South Korean crypto tax has entered a new – and possibly decisive chapter – with the major parties reaching a “de facto consensus” over a delay that could see traders allowed to transact tax-free until 2024.
As reported, both major parties have pledged...
Coinbase beats earnings estimates as analysts say regulation will ‘stifle’ innovation
11.8.2021
COIN exceeded earnings estimates but analysts caution that blanket crypto-sector regulation will “stifle innovation” and possibly cast a shadow on Coinbase's growth
European Crypto Tax Companies Announce Merger to Power US Expansion
8.9.2020
The merger means Blockpit and Crypto Tax can look at taking their newly combined regtech offering to the lucrative U.S. market
No Tax for You: Why Crypto Traders and Miners Might Head to Portugal
28.3.2020
Zero taxes for crypto traders and miners: Is Portugal poised to become a Bitcoin tax haven?
Aussie Blockchain Startup Tells Gov’t Its Tax Laws Are Stifling ICOs
21.2.2020
Australia needs to rethink its tax policy for initial coin offerings if it wants to compete on the global stage, a local industry leader told the government this week
South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies
20.1.2020
South Korean regulators are reportedly considering a 20% income tax on income from crypto transactions