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Roblox CEO Outed For Using Completely Legal, Completely Ridiculous Tax Dodge
29.12.2021
Game-making platform and fledgling metaverse Roblox made the news yesterday as the focus of a New York Times report about a ‘90s era tax cut that’s spun out of control. Originally created to foster investment in small businesses, the Qualified Small Business Stock, or Q.S.B.S., exemption...
5 Platforms Offering Relief to Your Crypto Tax Headache
27.12.2021
Let’s face it. Cryptocurrencies and taxes are the world’s biggest headache for financial professionals and just about everybody. Governments are yet to catch up with and figure out which cryptocurrency project belongs to which asset class. So, the rules are so many and so confusing that...
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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UK Regulator Calls Foul On Arsenal FC Fan Token Ads
22.12.2021
London-based football club Arsenal FC has drawn the ire of the UK advertising watchdog Advertising Standards Authority (ASA) for what the regulator calls “taking advantage of consumers’ inexperience in cryptoassets.”
The regulator banned Facebook and website posts in which the football side...
Crypto Owners in Serbia Reach 200,000 as Country Regulates Digital Assets
18.12.2021
The number of cryptocurrency holders in Serbia has climbed to around 200,000 with interest in cryptocurrencies increasing alongside growing crypto markets. The country’s decision to legally recognize digital assets this year has also contributed to their increasing popularity. Law on Digital...
DAOs, Token Holders Could Face New Tax Liabilities, PwC Report Warns
17.12.2021
People who are part of Decentralized Autonomous Organizations (DAOs), or even holders of certain decentralized finance (DeFi)-focused governance tokens, could have tax liabilities that far exceed what they expect to see, a new PwC report on crypto taxation has warned....
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Melania Trump's NFT Vision, Mastercard's Ethereum Plan + More News
16.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Melania Trump's NFT Vision, Mastercard's Ethereum Plan + More News
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...
'Mecca of mining': Brazil considers zero tax on green bitcoin mining
10.12.2021
Brazil’s congress heard several proposals endorsing a tax exemption on miners and promoting cryptocurrency to the status of a national currency
US Court Hints IRS May Have Violated Coinbase User’s Privacy Rights in Tax Audit
9.12.2021
An American bitcoin (BTC) owner attempting to fight the Internal Revenue Service over the seizure of his data from the Coinbase trading platform could be given the chance to challenge the tax body over the controversial move....
Read More: US Court Hints IRS May Have Violated Coinbase User’s...
AOC Says She Doesn’t Hold Bitcoin so the Lawmaker ‘Can Do Her Job Ethically’
7.12.2021
Alexandria Ocasio-Cortez, otherwise known as AOC, is a New York representative well known for her political stances and statements. The Democrat believes that it is “absolutely wild” that U.S. representatives can buy and swap popular stocks. AOC also thinks it’s not ethical...
Korean crypto investment firm Hashed reportedly under tax investigation
7.12.2021
South Korea’s tax agency is looking into crypto investment firm Hashed according to local media
Things to know (and fear) about new IRS crypto tax reporting
4.12.2021
The new law redefines "cash" to include "any digital representation of value" including cryptocurrency, but in an anonymous system, is this going to work?
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
Finance Committee Approves Legislation Delaying Crypto Tax in South Korea
30.11.2021
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead...
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 lawmakers inch closer to deal to delay crypto tax by one year
30.11.2021
The long debate in the country’s legislature could soon be over meaning cryptocurrency gains made in South Korea may not be considered taxable events until 2023 at the earliest
‘New Blow’ as Large Crypto Exchanges Are Told to Pay British Tech Tax
29.11.2021
Crypto exchanges operating in the United Kingdom – including the likes of Coinbase – will be forced to pay a recently created tech tax – with the British tax body, HM Revenue and Customs (HMRC), declaring that cryptoassets “are not financial instruments.”
The British Treasury last year announced...
UK digital services tax targets crypto exchanges
29.11.2021
Britain’s crypto exchanges will be levied with a 2% tax which is likely to be passed on to investors warned CryptoUK
Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Buying Bitcoin and Ether as Inflation Escalates
29.11.2021
The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed that he is buying more bitcoin and ether amid rising inflation concerns. “Inflation is a tax on the poor and middle class. Inflation makes the rich richer,” he stressed. Robert Kiyosaki Warns About...