UK Introduces Crypto Self-Assessment Section on Tax Return Forms

The UK is increasing its oversight concerning cryptocurrencies and matters of taxation, this time adding a separate category for digital assets in the tax forms. The changes by His Majesty’s Treasury – expected to be included in the tax period 2024-25 in the self-assessment tax forms – require that the amounts concerning crypto assets be […] дальше »

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Stripe raises $6.5b to cover tax obligations and compensate employees

Major payments processing company Stripe has received a new injection of funds that brings the company’s valuation to $50 billion, nearly half of the valuation recorded in 2021.  In a press release on March 15, 2023, Stripe announced that the… дальше »

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UK to Add Crypto Declaration in Tax Forms

Taxpayers will have to record their crypto gains separately as of next year, the U.K. Treasury said. дальше »

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US Treasury Taxing Crypto. What Does This Mean for TMS Network (TMSN), Litecoin (LTC), and Avalanche (AVAX) Token Holders?

The U.S. Treasury Department has proposed an excise tax of 30% on the cost of powering crypto mining facilities. The tax is set to be imposed on companies such as Litecoin (LTC), Avalanche (AVAX), and TMS Network (TMSN) that use computing resources to mine cryptocurrencies in an attempt to lower the overall number of mining […] дальше »

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Australian Tax Authority (ATO) Sees Your Cryptocurrency Transactions

Crypto usage has been increasingly on the radar of tax authorities worldwide in recent years. The growing popularity of cryptocurrencies has increased their use for transactions and investments. Therefore, tax authorities want to ensure that individuals and businesses correctly report and pay taxes on any gains or income earned. дальше »

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Coinbase CEO hails reintroduction of crypto tax reform law

Coinbase CEO Brian Armstrong has lauded U.S. lawmakers’ decision to revive a bill seeking to clarify crypto tax reporting. дальше »

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Bitcoin hashprice drops as miners face possible 30% energy tax

Bitcoin’s (BTC) hashprice has significantly plummeted in recent weeks, dropping to its early January levels — a potential sign that the mining bull run might be over. The post Bitcoin hashprice drops as miners face possible 30% energy tax appeared first on CryptoSlate. дальше »

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Joe Biden’s government proposes 30% crypto mining tax

President Joe Biden has proposed an excise tax on cryptocurrency mining companies that is 30% of the cost of the power they use. Biden's Fiscal Year 2024 budget included a proposal to implementThe post Joe Biden’s government proposes 30% crypto mining tax appeared first on AMBCrypto. дальше »

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US authorities to impose 30% electricity tax on crypto mining

The President Joe Biden administration has proposed imposing a 30% electricity tax on crypto mining operations in the United States. The move is attracting severe criticism from industry players. Despite the unfavorable market conditions and FUD that have plagued the… дальше »

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Biden Administration Seeks to End Crypto Tax Subsidies and Fix the Loophole

Coinspeaker Biden Administration Seeks to End Crypto Tax Subsidies and Fix the Loophole The Biden administration seeks to terminate the tax-loss harvesting strategy for crypto investors which would help the White House save $31 billion over a ten year period. дальше »

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Five Reasons Why Bitcoin (BTC) Plunged Below $20,000

Regulatory crackdowns, selloffs in equities, concerns over higher interest rates, and the proposed tax on electricity used in cryptocurrency mining have contributed to Bitcoin's recent decline below $20,000 дальше »

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New feature by H&R Block, CoinTracker automatically adds taxes for crypto trades

CoinTracker, a provider of tax software for cryptocurrencies, is collaborating with H&R Block. The post New feature by H&R Block, CoinTracker automatically adds taxes for crypto trades appeared first on CryptoSlate. дальше »

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U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms

A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine cryptocurrencies. дальше »

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Biden budget proposes 30% tax on crypto mining electricity usage

The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources.

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Biden budget proposal aims to reduce deficit by $74M in 2024 via energy tax on crypto miners

The Biden administration has proposed a new tax on crypto mining, as seen in a 2024 budget plan published by the White House on March 9. The post Biden budget proposal aims to reduce deficit by $74M in 2024 via energy tax on crypto miners appeared first on CryptoSlate. дальше »

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Biden Budget Plan proposes taxes to reduce crypto wash trades

U.S. President Joe Biden's proposed budget will be released on March 9, including a stipulation to tax loss loopholes on crypto transactions.  дальше »

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CoinTracker integrates with H&R Block to offer crypto tax preparation

The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings. дальше »

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President Biden’s Budget Blueprint Will Propose Changing the Tax Treatment of Cryptocurrency Transactions, Raising $24 Billion

Coinspeaker President Biden’s Budget Blueprint Will Propose Changing the Tax Treatment of Cryptocurrency Transactions, Raising $24 Billion The proposed Biden budget plan would close the current harvesting loophole on crypto tax losses, reducing wash sales trading. дальше »

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Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole

U.S. President Joe Biden's proposed budget will include a provision to close tax loss harvesting on crypto transactions. дальше »

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Biden to propose changing crypto tax rules: WSJ

United States President Joe Biden will propose changes to crypto taxation in an upcoming budget plan, according to a report from the Wall Street Journal on March 8. The post Biden to propose changing crypto tax rules: WSJ appeared first on CryptoSlate. дальше »

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Crypto Payroll Startup Toku Raises $20M

Blockchain Capital led the round for the firm, which also offers tax compliance solutions. дальше »

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US lawmakers push for new crypto legislation

U.S. lawmakers are pushing for the reintroduction of the bill responsible for reforming how digital assets are evaluated for tax purposes. дальше »

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Thailand offers tax breaks for companies issuing investment tokens: Reuters

Thailand’s government will offer tax breaks for companies issuing investment tokens. The government expects over $3 billion worth of investment token offerings over the next two years. The move could attract more cryptocurrency companies to Thailand. дальше »

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Thailand to offer tax breaks for investment token issuers

The government of Thailand expects that investment token offerings could generate more than $3.7 billion in the next two years.

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U.S. Lawmakers to Reintroduce Crypto Tax Reform Bill: Report

The Keep Innovation in America Act was first introduced in March 2021. дальше »

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Thailand Offers $1B Tax Break for Firms Issuing Investment Tokens: Reuters

The waiving of corporation and sales taxes targets companies that issue digital tokens for investment дальше »

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Virtual and digital assets to reign in UAE's free zone, details inside

UAE's Ras al-Khaimah will launch a free zone for virtual and digital asset firms later this year. The free zone will have its own tax regime and regulatory framework. The United Arab EmirateThe post Virtual and digital assets to reign in UAE's free zone, details inside appeared first on AMBCrypto. дальше »

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Judge Denies Motion to Dismiss Tax Evasion Charges Against Michael Saylor

Michael Saylor will still need to answer allegations of tax evasion by the D.C. Attorney General after a judge threw out a motion to dismiss the charges. The post Judge Denies Motion to Dismiss Tax Evasion Charges Against Michael Saylor appeared first on BeInCrypto. дальше »

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Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing

A D.C. court denied a motion to dismiss claims that Michael Saylor failed to pay personal income taxes, with a status conference on the matter scheduled for March. дальше »

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MicroStrategy Founder Michael Saylor Loses Court Bid to Dismiss DC Tax Evasion Claims

The court did dismiss claims against the company and Saylor that they conspired to violate D.C.’s False Claims Act. дальше »

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Puerto Rico Extends 4% Tax Incentive to Crypto and Blockchain Activities

“A win for Puerto Rico,” said a blockchain trade association executive. дальше »

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War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says

The adoption of crypto law in Ukraine has been slowed mainly due to the need to adapt it to tax and civil codes, an official told Cointelegraph in an exclusive interview. дальше »

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UAE emirate to launch free zone for digital and virtual asset firms

Free-trade zones in the UAE are areas where entrepreneurs have 100% ownership of their businesses and have different regulatory frameworks and tax schemes. дальше »

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Is transferring crypto between wallets taxable?

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. дальше »

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CoinTracker expands its crypto tax solution to Arbitrum, Optimism, and Cosmos

CoinTracker’s cryptocurrency tax solution is now available on the Arbitrum, Optimism, and Cosmos blockchains. The support is designed to streamline the digital asset tax filing process. The solution will make it easier to sync transactions across these blockchains. дальше »

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CoinTracker expands crypto tax solution to Arbirtrum, Optimism, and Cosmos

CoinTracker, the leading cryptocurrency tax and portfolio tracker tool, has expanded its solution to Arbitrum, Optimism and Cosmos blockchains. With this multichain support, even more crypto users can now handle their digital asset tax filing seamlessly across different blockhains, the CoinTracker team said in an announcement. дальше »

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UK Think Tank Opposes Bank Of England’s CBDCs

The UK Tax Reform Council, a non-profit organization, recently opposed the Bank of England’s move to create CBDCs. According to the council, this move will not profit the masses, as the government will get more rights over individuals’ finances. дальше »

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Brazil’s largest public bank Banco do Brasil enables tax payments using crypto

According to a recent statement, Banco do Brasil (BB), Brazil’s largest public bank, has enabled tax payments with cryptocurrencies. The services will however be only available via Bitfy, a specialized blockchain solutions startup in which Banco do Brasil has invested. дальше »

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Brazil's Largest Public Bank Enables Tax Payments to Be Made With Crypto

The service will operate in partnership with Bitfy, a startup focused on blockchain solutions. дальше »

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Brazil’s oldest bank form partnership with a crypto platform for easy tax filing

Banco do Brasil, the oldest bank in Brazil, is creating a tax payment solution for citizens holding digital assets in Bitfy. дальше »

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Only 58% of American crypto investors reported tax returns in 2022 – CoinLedger

A survey of United States crypto investors found that 58% of the sample size reported crypto holdings on their taxes in 2022 — up 4% year-over-year — while 31% did not report and 11% of the sample size declined to answer. дальше »

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Ledgible catalyzing TradFi adoption with its crypto taxation and accounting tools

The introduction of blockchain technology has brought various opportunities and innovations in the decentralized space. Along with these positive outcomes, the adoption of crypto tax has taken the bloThe post Ledgible catalyzing TradFi adoption with its crypto taxation and accounting tools appeared first on AMBCrypto. дальше »

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Russia offers subsidies on crypto mining in Siberia, details inside

Russia is now offering tax breaks to those who want to invest in cryptocurrency mining. Since the Ukraine war and ensuing financial sanctions, the Russian government has reversed its stance on The post Russia offers subsidies on crypto mining in Siberia, details inside appeared first on AMBCrypto. дальше »

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Is The Crypto Industry Ready For Tax Regulation? Survey Shows

For federal tax purposes, crypto assets are treated as property, which could be counterproductive for investors in the United States. Although digital assets are a relatively new type of investment, the Internal Revenue Service (IRS) in this country has worked hard to enforce tax compliance. дальше »

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IRS broadens tax requirements for crypto to encompass everyone

The International Revenue Service (IRS) has updated its taxation and reporting requirements and broadened its scope to everyone who “has dealt” with digital assets, according to a Forbes report. дальше »

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Is Bangkok, Thailand Becoming Asia’s Next Crypto Hub?

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. дальше »

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Binance Introduces Crypto Tax Calculator for Users in Canada and France, BNB up 7%

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Brazil unveils crypto legislation for police and tax authorities

Brazil’s federal prosecution office is set to roll out a roadmap of activities that will grant the nation’s prosecutors, courts, and police officers powers to prosecute offenders and confiscate crypto. дальше »

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Binance introduces Binance Tax for calculating taxes on transactions

Binance Tax allows users to calculate taxes on up to 100,000 transactions. The service is currently available to users in Canada and France. Binance wants the tool to help its users keep up with their tax obligations. дальше »

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Binance introduces new tax calculator

Cryptocurrency exchange Binance released a tool that will assist users in determining the tax liabilities associated with cryptocurrency transactions. дальше »

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