2023-6-1 15:36 |
The Biden administration wanted to nix a “special tax subsidy for cryptocurrency,” but it wasn’t in the May 28 debt ceiling bill. Another narrow escape?
Similar to Notcoin - Blum - Airdrops In 2024
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U.S. President Joe Biden expressed opposition to a proposal that could result in low taxes for crypto investors, The Hill reported on May 21. Biden wants to cut crypto tax loopholes Following a G7 summit in Hiroshima, Japan, Biden said: “I’m not going to agree to a deal that protects wealth tax cheats and crypto […] The post Biden opposes agreement that could protect “tax cheats and crypto traders” appeared first on CryptoSlate.
2023-5-22 00:40 | |
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Glassnode has revealed some effective strategies that could enable crypto investors to minimize their tax liability, including relocation, self-directed Individual Retirement Accounts (IRAs), and tax loss harvesting.
2023-5-11 20:34 | |
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U. S. President Joe Biden called for an end to unspecified crypto tax rules on May 9. On Twitter, Biden posted an infographic that read: “We think Congress should cut tax loopholes that help wealthy crypto investors.
2023-5-10 01:29 | |
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The UK's HMRC may get powers to seize digital assets from crypto exchanges.
The post UK Tax Authorities Consider Seizing Crypto From Businesses appeared first on BeInCrypto.
2023-5-9 20:32 | |
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Kenya’s Treasury Secretary outlined the tax proposals in a document sent to parliament on 4 May, 2023. The 3% crypto tax will target cryptocurrencies and NFT transfers on exchanges and by individuals.
2023-5-5 14:25 | |
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Presidential hopeful Robert F. Kennedy Jr. on May 3 condemned a 30% crypto mining tax proposed by the Biden administration and responded to concerns around crypto. Kennedy says crypto regulation is a power grab Kennedy, who is running in the 2024 U.
2023-5-4 23:40 | |
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In May 2023, Kazakhstan’s share of the global Bitcoin mining hashrate stood at 4%, down from its peak of 18% in October 2021. Kazakhstan’s mining industry boomed between 2020 and 2021, driven by cheap electricity, hosting demand, access to cheap Chinese machines, relaxed regulations, and tax benefits, according to a Hashrate Index report.
2023-5-4 19:02 | |
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MicroStrategy hinted that it could sell some of its Bitcoin (BTC) holdings to fund its long-term debt obligations in the aggregate of $2. 208 billion, whose principal is due by 2025. According to its May 1 filing, MicroStrategy has long-term cash requirements for obligations related to its operating leases, transition tax, and various purchase agreements.
2023-5-2 15:30 | |
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Do you have to pay taxes when transferring cryptocurrency from one wallet to another? No, you won’t experience any tax consequences when transferring your coins between wallets. However, it’s important to note that this only applies in the US – other countries may have different taxation regulations.
2023-2-21 15:01 | |
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According to recent research from crypto tax software company Recap, Thailand’s capital city of Bangkok is emerging as a new crypto hub, but the future may not be so rosy. The post Is Bangkok, Thailand Becoming Asia’s Next Crypto Hub? appeared first on BeInCrypto.
2023-2-7 09:21 | |
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Coinspeaker India Maintains Position on Crypto Tax in Budget There are fears that India may use its position as president of the G-20 in its fight against the cryptocurrency industry. India Maintains Position on Crypto Tax in Budget
2023-2-1 14:38 | |
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Argentina is set to introduce a new draft bill requiring citizens to declare their cryptocurrency holdings. Otherwise, they could face hefty tax penalties. Argentina’s new draft bill targets crypto assets The bill is meant to tighten the country’s anti-money laundering…
2023-1-11 09:14 | |
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Crypto tax standards in the upcoming year may prove to be a trying time for the industry. Global tax regulators are applying more pressure on centralized and decentralized exchanges. This could even affect your own personal crypto holdings.
2022-12-20 12:30 | |
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What you need to know for your 2022 tax filing if you lost money or used the FTX crypto exchange.
2022-11-18 19:54 | |
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The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG's Tony Tuths.
2022-11-15 20:18 | |
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Tax struggles are real. If you’re an Ethereum holder in the United States, you may owe taxes for receiving an airdrop you likely didn’t want. The post Tax: You May Owe Money for Receiving an Airdrop you Likely Didn’t Even Want appeared first on BeInCrypto.
2022-10-13 02:32 | |
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Portuguese authorities are proposing a 28% crypto tax in their 2023 budget. The new policy may become effective in next year's national budget.
2022-10-11 13:30 | |
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Portugal could soon impose taxes on crypto investors through new rules set out in its draft budget. Portugal Includes Crypto In Budget Portugal may impose a 28% tax on crypto...
2022-10-11 00:46 | |
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2022-9-30 00:30 | |
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The much-awaited 1. 2% tax burn was implemented on the Terra Classic [LUNC] blockchain recently. Thus, giving massive hope to investors for the token's revival. Though the protocol received much supporThe post LUNC's 1.
2022-9-24 10:30 | |
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The entire crypto community’s excitement reached another level as the much awaited 1.2% Terra Classic [LUNC] tax burn protocol got implemented. The new protocol was successfully implemented at a bloThe post LUNC investors may have some short-term hopes, however caution is advised appeared first on AMBCrypto.
2022-9-23 06:30 | |
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The John Doe summons will require M.Y. Safra Bank to provide information about SFOX customers who used the bank and may owe taxes on crypto transactions.
2022-9-23 05:57 | |
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Terra Classic [LUNC] had quite an exciting time in the last few days as it approached a major milestone implementation. Ever since the May crash, the community has expressed concerns over the excess LThe post Terra Classic's 1.
2022-9-3 05:30 | |
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The Ethereum Merge may constitute a taxable event if it results in a chain-splitting hard fork, tax experts warn.
2022-9-1 09:36 | |
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Australian, Canadian & U.K. crypto investors may potentially claim hacked crypto as a tax loss, but U.S. investors will miss out, according to tax experts.
2022-8-6 07:44 | |
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The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years.
2022-8-5 14:05 | |
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On July 14, the Senate of Paraguay sent a bill to the President’s approval to allow crypto miners to use excess energy and be exempt from Value Added Tax (VAT). The post Paraguay’s new bill may turn the country into mining heaven appeared first on CryptoSlate.
2022-7-16 16:30 | |
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Indian crypto traders may be giving up since they must now factor in a 30% income tax and a 1% tax per transaction on crypto trades, forcing exchange volume to plummet.
2022-7-5 05:10 | |
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A tax accountant with decades of experience may be the world’s first “CMVO” with an office in Decentraland.
2022-7-1 22:22 | |
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Tax-loss harvesting allows you to claim capital losses by recognising and selling your assets at a loss. These capital losses may also be carried forward against...
2022-6-30 20:30 | |
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After losing millions to Terra’s crash, Indian investors who have recovered part of their losses through the LUNA 2 airdrop may have to pay taxes equivalent to 30% of the value due to India’s tax policies on cryptocurrency, Bloomberg News reported.
2022-6-6 15:30 | |
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The Portuguese parliament has rejected two separate proposals to tax digital assets, but the days of tax-free crypto may be coming to an end. The post Portuguese Parliament Rejects Bill to Tax Crypto, but Bows to the Inevitable appeared first on BeInCrypto.
2022-5-26 13:00 | |
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The third day of WEF 2022 will see OECD’s secretary-general share his thoughts on a reimagined global tax system and industry experts discuss DeFi as the future of decentralized governance.
2022-5-25 11:44 | |
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Plans to share bitcoin data with foreign tax authorities may be hard to adapt to transparent, decentralized blockchains – but once in place, new rules are hard to shift.
2022-5-19 12:51 | |
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We all hate paying taxes, but if you bought or sold cryptocurrencies on Coinbase Uncle Sam still wants his share of that. I know, I know, it may not be a fun topic for most, but it’s vital to know so we’ll try breaking it down in the most accessible and simple way possible.
2022-4-7 12:25 | |
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An Indonesian tax official reveals that the country will impose taxes on the crypto market. According to the report, crypto transactions will be subject to VAT below 11%, and income tax will be pegged at 0.
2022-4-4 13:17 | |
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The government is still reportedly considering how to implement crypto taxes, but legislation passed in response to the pandemic laid the groundwork.
2022-4-2 21:30 | |
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Indonesia is planning to charge value-added tax (VAT) on crypto transactions and capital gains on investments at 0.1% from May 1.
2022-4-2 15:23 | |
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The new tax proposals are set to formally become law on Thursday amidst little hope that the government may soften the tax blow.
2022-3-24 20:33 | |
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The fading hope is that the government may reduce the 1% tax deducted at source, but expectations of a tax break on crypto capital gains have all but disappeared.
2022-3-22 14:04 | |
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Take a closer look at the latest crypto events with U.Today’s news digest!
2022-3-10 19:45 | |
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As bitcoin investors prepare for tax season, they may not be surprised to learn that misguided regulation will make tax reporting even harder in the future.
2022-3-9 16:00 | |
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Uncle Sam may collect tax on every loan and repayment of cryptocurrency which may catch users by surprise, creating a tax trap that could impair the rapidly emerging DeFi industry.
2022-2-26 17:15 | |
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Casual collectors may be in for a rude awakening this year.
2022-2-26 17:11 | |
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Kazakhstan may soon prove to be a hostile location for crypto miners as the Asian country’s government has proposed a hike in its electricity tariff and taxes for crypto miners. The post New tax proposal in Kazakhstan could push crypto miners out appeared first on CryptoSlate.
2022-2-9 00:00 | |
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Crypto news was abuzz recently with speculation of the U.S Internal Revenue Service (IRS) writing off the tax on income generated from unsold staked cryptocurrencies. Many, including crypto influencerThe post No, IRS may not write off taxes on crypto staking rewards so easily, claim experts appeared first on AMBCrypto.
2022-2-4 19:30 | |
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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.
2021-11-30 04:36 | |
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The Indian government is likely to levy both direct and indirect taxes on crypto assets, as per a local report. A source to the media outlet noted, "One of the key issues is taxation. If there is gaiThe post India: both Income tax and GST may apply to crypto appeared first on AMBCrypto.
2021-11-9 16:30 | |
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There may be substantial tax benefits for both the charity and the donor if crypto is donated directly to a charity. The post Philanthropic Impact Maximized Through Crypto Donations appeared first on BeInCrypto.
2021-10-29 20:20 | |
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The Cyprus Securities and Exchange Commission has extended its suspension on FTX Europe’s investment firm license, banning the crypto exchange from offering services or accepting any new clients.
The Federal Reserve Bank of Minneapolis recently released a paper that suggested governments should ban or tax Bitcoin in order to maintain primary deficits. In a working paper recently published by the Minneapolis Feds on Oct. 17, governments are urged…
Ireland will draft urgent cryptocurrency regulations before the European Union Anti-Money Laundering and terror financing standards come into effect on Dec. 30. According to the Irish Examiner on Oct.
He "is not nearly as clever as he thinks he is," says a U.K. Judge reviewing the Australian computer scientist’s many questionable legal maneuvers.
Fannizadeh, a lawyer specializing in the crypto industry at Geneva Legal, is a speaker at this year’s Consensus festival, May 29-31, in Austin, Texas.
The proposal narrowly passed, with 41.1% of votes for and 38.5% of votes against.
Montenegro’s minister of justice will make the final decision on Do Kwon’s extradition to either South Korea or the United States.