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Crypto Anonymity Must End, States Top Russian Policymaker


  The Chairman of the State Duma (the Russian parliament)’s Committee on Financial Markets Anatoly Aksakov has insisted that crypto users in the country should be unmasked – and that crypto anonymity should become a thing of the past.... Read More: Crypto Anonymity Must End, States Top Russian...

Rio De Janeiro to Invest 1% of Its Treasury in Cryptocurrency


Rio de Janeiro, one of the largest cities in Brazil, will invest part of its Treasury in cryptocurrencies. The announcement was made by the mayor of Rio, Eduardo Paes, during Rio Innovation Week. The plan is to turn the city into a cryptocurrency-friendly hub, and there are other tax incentives...

US Agency Calls For Stricter Regulation Of Crypto ATMs


  As the spread of cryptocurrency ATMs is accelerating, a recently released report by the US Government Accountability Office (GAO) claims the devices are widely used to facilitate payments for criminal acts such as human trafficking and drug sales. With this in mind, the report calls...

Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23


An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else...

Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey


The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for...

Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils


Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance...

Time to ‘Resolve All Crypto Issues’ Says Russian Parliament


  Russia’s parliament, the State Duma, has said that it wants to “resolve all legal issues with cryptocurrency” – by defining legal terms for cryptoassets, mining, and more. And the chief architect of crypto-related legislation in the country has noted that it is time for miners to start paying...

Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion


India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been detected by DGGI.” Tax Authorities Say Cryptocurrency Exchanges Have Been...

Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS


Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the new virtual asset service providers (VASPs) tasked with evaluating digital assets for such...

South Korea to Tax Crypto Gifts, Inheritances, Plans Crackdown on Manipulators


  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.... Read More: South...

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