Turkey decides against taxing crypto profits this year

2024-9-25 21:47

Vice President Cevdet Yilmaz confirmed that Turkey will not implement a tax on profits from crypto or stock trading this year. The government previously considered such a tax but has focused on reducing existing tax exemptions, according to Bloomberg reporting.…

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tax year turkey profits crypto such government

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Источник: btcmanager.com

tax year → Результатов: 126

Portfolio in the red? How tax-loss harvesting can help stem the pain

“If you've made a sale during the tax year, and you've sold at a loss, there's basically a benefit there,” says Koinly’s head of tax.

2022-6-17 03:23
tax year sold basically head koinly says

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From boom to gloom, the crypto investors now unable to pay their tax bill

2021 was a record-breaking year, as the total crypto market cap hit a high of just short of $3 trillion, with the market leader, Bitcoin, peaking at $69,000. The post From boom to gloom, the crypto investors now unable to pay their tax bill appeared first on CryptoSlate.

2022-5-31 05:35	Taxes
crypto tax bill pay market boom unable

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Germany Announces, No Tax On Crypto Sales For Investors Holding For 1 Year

According to Katja Hessel, German Parliamentary State Secretary, crypto traders can get tax exemption benefits on the sale of digital currencies. Furthermore, if they have held onto their assets for one year or more, they will not have to pay taxes on the money they make from the crypto sales. The Federal Finance Ministry of […]

2022-5-13 13:00	tax
crypto year sales tax one assets held

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Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free

Germany’s Finance Ministry has released new cryptocurrency tax guidelines with no tax payable on gains from BTC and ETH sold 12 months after acquisition.

2022-5-13 22:15	Taxes
tax sold eth germany btc gains guidelines

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Korean Finance Chief Nominee Wants Capital Gains Tax On Crypto Delayed To 2025

Korea’s future Finance Chief Choo Kyung-ho mulls introducing a capital gains tax for financial investments and cryptocurrencies in 2025, Korea JoongAng Daily reported Monday. As per the report, both sides of the government had planned in December to introduce a 20% capital gains tax on financial investments and cryptocurrencies beginning in January next year, in […]

2022-5-5 19:49	Ethereum News
tax gains capital korea 2025 financial investments

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Ethereum: $300M in non-crypto assets and here's why you should give an "EF"

It's that time of year when you squint at your receipts and tax forms to better understand your financial habits. If that sounds daunting, you can rest assured that even those who run crypto projects The post Ethereum: $300M in non-crypto assets and here's why you should give an "EF" appeared first on AMBCrypto.

2022-4-19 09:45	News
ethereum should your give non-crypto 300m assets

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Coinbase To Hire 1,000 Employees For India Crypto Hub Expansion

Even as India’s steep 30% tax on bitcoin earnings takes effect, US cryptocurrency exchange Coinbase has announced plans to expand its operations in the country. Coinbase said that it has invested $150 million in Indian technology startups focused on crypto and Web3 and aims to create additional jobs in the nation this year. India has […]

2022-4-5 12:00	Crypto News
india coinbase crypto million 150 said indian

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India Identifies 11 Crypto Exchanges Accused of Tax Evasion

India’s tax authority first began seizing assets to address alleged tax evasion late last year.

2022-3-29 19:21	policy
tax evasion india assets address year late

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Brazil’s Rio De Janeiro Ready To Accept Bitcoin For Property Tax Payments Starting Next Year

The Brazilian city of Rio De Janeiro is making huge steps towards becoming a global hub for the cryptocurrency industry. Come 2023, residents of Rio will be permitted to settle real estate tax payments using bitcoin.

2022-3-27 19:48	xbtusd
rio tax bitcoin payments janeiro 2023 come

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Rio De Janeiro To Enable Crypto Tax Payments Starting Next Year

Rio de Janeiro, Brazil’s second-largest city, will begin accepting cryptocurrency payments for property taxes in 2023, reports said Saturday. According to a notice from the City Hall of Rio de Janeiro, the city will contract multiple companies to handle the conversion of cryptocurrencies to Brazilian reals.

2022-3-27 10:00
city rio janeiro payments saturday said hall

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Important Info about the future of NFT taxing in the US

Earlier this year, the US made the process of NFT trading easier by making sense of the tax and investment ramifications of NFTs and Crypto assets. Knock Knock; it’s the IRS NFTs and crypto assets are fun and games until the tax person comes knocking for their cut.

2022-3-24 04:04	Latest News
assets crypto knock nft tax nfts irs

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India’s crypto tax law clarification is ‘a step backwards’, says CEO of CoinSwitch

India’s proposed crypto taxation law will take effect on 1 April this year. Ashish… The post India’s crypto tax law clarification is ‘a step backwards’, says CEO of CoinSwitch appeared first on Coin Journal.

2022-3-22 21:47	India
india law crypto ceo coinswitch says backwards

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NFTs Are the Latest Crypto Tax Events Nobody Understands

Casual collectors may be in for a rude awakening this year.

2022-2-26 17:11
may rude year awakening collectors casual latest

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Pantera Capital Says Some Crypto Selling Pressure Has Been Tax Related

Some $14 trillion of cryptocurrency capital gains were created last year, and tax bills need to be paid.

2022-2-26 15:26	Markets
tax capital year created need paid gains

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If Russia regulates the market, Moscow could pocket $13 billion in crypto tax each year

While Moscow continues weighing its options for regulating cryptocurrencies, preliminary estimates suggest that Russian authorities could collect up to $13 billion (1 trillion rubles) from taxing the market, according to The Bell.

2022-2-9 06:00	BTC
billion moscow could market authorities preliminary russian

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India: Crypto industry players hope for regulatory clarity in Budget 2022

After 2022 started with tax raids on crypto businesses in India, industry players are pushing for a bill in the upcoming Budget session. The session is scheduled for 1 February for the financial year The post India: Crypto industry players hope for regulatory clarity in Budget 2022 appeared first on AMBCrypto.

2022-1-20 14:00	India
india 2022 crypto industry players budget session

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Thailand Government Disperses Confusion Surrounding Cryptocurrency Taxation

Before now, some countries have mapped out some crypto taxes for transactions on cryptocurrency assets within their jurisdiction. Thailand is one of the countries that proposes some taxation plans.

2022-1-18 09:55	Thailand
thailand countries crypto plans cryptocurrency taxation begins

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Tax season: Regulations unclear, experts advise early prep for taxes on crypto, NFT

While the interest in crypto markets skyrocketed, the NFT craze also saw a massive surge through the last year. However, it's now time for the taxmen to check for tax liabilities from profits in theseThe post Tax season: Regulations unclear, experts advise early prep for taxes on crypto, NFT appeared first on AMBCrypto.

2022-1-16 00:30	News
crypto nft tax early regulations unclear experts

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Stock Exchange of Thailand set to launch digital asset exchange later this year

The Kingdom of Thailand is reeling through a cryptocurrency tax conundrum. However, that hasn't stopped its stock exchange from lining up the launch of ambitious digital asset-related projects for thiThe post Stock Exchange of Thailand set to launch digital asset exchange later this year appeared first on AMBCrypto.

2022-1-12 16:30	News
exchange digital launch stock thailand later year

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Coinbase, PayPal join TaxBit Network for free crypto tax forms

TaxBit wants to prevent crypto users from spending “thousands of dollars per year” to generate crypto tax forms.

2022-1-12 17:00	IRS
crypto forms tax taxbit users prevent spending

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BTC Hashrate Reaches New Peak, XRP Price to Spike in April 2022, Hoskinson Slams US Crypto Tax System: Crypto News Digest by U.Today

U.Today helps you keep an eye on the first crypto events of this year!

2022-1-5 19:45
crypto today helps keep digest eye year

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Crypto politics heats up with upcoming presidential elections 2022 in South Korea

2021 was a year of political turmoil for crypto businesses in South Korea. After several regulatory shakeups, the country is finally ready to tax digital assets from 2023. With that, South Korea isThe post Crypto politics heats up with upcoming presidential elections 2022 in South Korea appeared first on AMBCrypto.

2022-1-3 13:30	News
south korea crypto upcoming politics heats presidential

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India: Dull New Year for crypto as platforms to face raids over alleged tax evasion

A local media report has confirmed that major cryptocurrency service providers are under investigation in India on suspicion of possible tax evasion. [embed]https://twitter.com/ANI/status/147718695The post India: Dull New Year for crypto as platforms to face raids over alleged tax evasion appeared first on AMBCrypto.

2022-1-1 13:30	India
india tax evasion new year dull raids

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Gibraltar Stock Exchange to get a makeover, to become world's first integrated exchange

Infamous for being tax haven, Gibraltar is nearly set to become a prime cryptocurrency hub next year, as the territory preps itself for an overhaul of its financial industry. Gibraltar-based blockcThe post Gibraltar Stock Exchange to get a makeover, to become world's first integrated exchange appeared first on AMBCrypto.

2021-12-27 21:30	News
exchange gibraltar makeover integrated stock get world

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Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year

Wyoming Republican Senator Cynthia Lummis plans to introduce a comprehensive bill next year covering tax taxation of digital assets and their categorization to consumer protections. Lummis, who is also a Bitcoiner and one of the most vocal crypto advocates, will also be pitching Congress on creating a crypto regulatory body under the joint jurisdiction of […] The post Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year first appeared on BitcoinExchangeGuide.

2021-12-24 16:56	Legal & Regulation
crypto lummis bitcoiner year bill cynthia senator

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South Korean lawmakers inch closer to deal to delay crypto tax by one year

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
south made gains korea cryptocurrency meaning 2023

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UK's HMRC to levy 2% tax on crypto-platforms as they don't qualify for exemptions

The unprecedented appreciation in cryptocurrency gains over the past year has taken the world by storm. Cryptocurrency exchanges too have seen massive gains due to the crypto-trading boom of 2021.

2021-11-29 23:30	BTC Trading View
cryptocurrency gains storm exchanges world taken too

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The IRS Is Looking To Seize Billions Of Dollars Worth Of Cryptocurrency In 2022

Cryptocurrencies were this year a major method of avoiding taxation in the United States according to an annual report published by the Internal Revenue Service. The IRS said it has confiscated $3.5 billion worth of cryptocurrencies linked to tax fraud, and the amount makes up 93% of all assets confiscated this year so far. “I […]

2021-11-21 19:43	USA
cryptocurrencies confiscated year worth irs said linked

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Austria to Treat Crypto like Stock for Taxation Purpose to “Reduce Prejudice Toward New Technologies”

Austria is going to tax crypto assets like mainstream stock and bond investments to boost confidence in them. Starting in March of next year, Austria will impose a 27. 5% capital gain on digital currencies, including Bitcoin and Ether.

2021-11-11 18:53	Legal & Regulation
austria stock like crypto year starting march

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Bitcoin.Tax vs CoinTracking vs CryptoTrader.Tax – Battle of the crypto tax software

Ah, the tax season, not quite the season of love and understanding. Nobody likes that time of the year, but thanks to these crypto tax software, this year is gonna be bearable for crypto traders.

2021-8-26 13:45	Tax Tools
tax crypto year season software these thanks

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South Korea Proposing Revision of Tax Code to Allow the Confiscation of Crypto Assets of Tax Dodgers

South Korea is now considering tightening its crackdown on tax evasion by cryptocurrency investors and high-income earners, said the finance ministry on Monday. The government is proposing to revise tax codes that will allow tax authorities to seize tax dodgers’ crypto assets even if they are held in digital wallets, starting next year.

2021-7-26 17:27	Legal & Regulation
tax crypto assets dodgers south korea allow

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ETFs Are Having the Best Year Ever, While SEC Refuses to Give A Bitcoin ETF The Green Light

ETFs pulled in $488. 5 billion in less than 7 months of 2021 and are on track to break the $497 billion full-year record set in 2020. Meanwhile, in crypto, since 2013, not a single one has been approved by the US SEC, which says it wants to protect the investors when ETFs are what will ensure low fees, tax advantages, and relative ease of trading for them.

2021-7-20 19:20	ETF Exchange Traded Fund
etfs sec billion says one approved wants

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John McAfee on life as an outlaw

In October 2020 John McAfee was arrested in Spain on charges of promoting unregistered ICO offerings and tax evasion. Today he has been found dead in his jail cell in Barcelona. In this podcast episode, recorded a year before his arrest, he talks to Andy Pickering about all things crypto and his life on the run.

2021-6-24 14:45	BNC insights
mcafee john life jail recorded episode podcast

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Spain Prepares for Tax Returns Season With Crypto Traders in Sight

Spain nears the final day for its citizens to file their tax statements, and this year cryptocurrency traders are in the sights of tax authorities. Any trader that has obtained revenue after selling cryptocurrencies must file taxes and pay a percentage of the operation.

2021-6-11 06:30
tax traders spain obtained trader prepares authorities

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South Korea to Tax Crypto Assets Held in Overseas Exchanges Starting Next Year

Korea's Financial Services Commission is also meeting with crypto exchanges to hear their concerns about new regulation approaches. The post South Korea to Tax Crypto Assets Held in Overseas Exchanges Starting Next Year first appeared on BitcoinExchangeGuide.

2021-6-4 19:41	Legal & Regulation
crypto exchanges korea starting south overseas year

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Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year.

2021-5-30 17:00
tax brazilians returns report year less 2020

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Why The U.S. Treasury Wants Brokers To Provide More Information About Crypto Assets

The United States Department of Treasury has published the “General Explanations of the Administration’s Fiscal Year” as President Joe Biden released his Budget for 2022. In its document, the Treasury claims that tax evasion using crypto assets is a “rapidly growing problem”.

2021-5-30 21:03	U.S.
treasury crypto assets 2022 budget biden released

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South Korea: FSC tasked with crypto-compliance as 20% crypto-tax plans move ahead

The government of South Korea is planning to impose a 20% tax on gains from cryptocurrency transactions. The plan is to impose this law starting next year, with the same reiterated by the government oThe post South Korea: FSC tasked with crypto-compliance as 20% crypto-tax plans move ahead appeared first on AMBCrypto.

2021-5-29 13:30	News
south korea impose ahead government crypto-compliance move

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South Korea to Impose 20% Income Tax on Crypto Transactions

Beginning in the 2022 tax year, stock and bond investors will be taxed on capital gains that are over 50 million won, or $45,000. The post South Korea to Impose 20% Income Tax on Crypto Transactions appeared first on BeInCrypto.

2021-5-29 22:15	Taxes
tax transactions south crypto income impose korea

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Treasury Secretary Urges for More Aggressive Spending, President Biden Reveals $6T Spending Plan

While the crypto market is waiting for direction, Janet Yellen calls for more funding to run her agency and improve tax collection, while the proposed budget for the next fiscal year will bring US federal spending to the highest sustained level since World War II.

2021-5-27 20:21	Bitcoin News
spending fiscal budget year proposed improve tax

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Hungary to Cut Tax on Crypto Earnings to 15% from 30.5% to Help the Economy Recover

The finance minister expects “several billion forints” of revenue from this tax reduction while its inflation spiked to above 5% in Q2, the fastest in Europe and the highest since 2012 as it sees no reason to make substantial cuts in spending next year.

2021-5-13 23:00	Legal & Regulation
tax highest 2012 fastest spiked above europe

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Hungary Hopes Tax Slash Will Incentivize Investors to Declare Crypto Earnings

The Hungarian government has announced a cut on tax for all cryptocurrency earnings, starting next year. The post Hungary Hopes Tax Slash Will Incentivize Investors to Declare Crypto Earnings appeared first on BeInCrypto.

2021-5-13 20:30	Taxes
earnings tax declare hungary crypto investors hopes

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Survey: South Korean Investors Welcome Controversial Crypto Tax Law

A new survey has revealed that a majority of South Korean investors support the proposed crypto tax law set to be unveiled next year. 53. 7% Support Crypto Gains Tax According to a recent survey sponsored by local television station YTN, many South Korean crypto investors support the government’s move to tax crypto gains.

2021-5-4 19:43	Legal & Regulation
crypto tax korean survey support south investors

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South Korea Finance Minister: Taxing Cryptocurrency Gains is ‘Inevitable’ Starting Jan 2022

On Tuesday, Hong Nam-Ki, South Korea’s finance minister, stated that the government is on course with the proposal to introduce capital gains tax on crypto trading starting next year. “It’s inevitable, we will need to impose taxes on gains from trading of virtual assets,” Hong stated during a news conference on Tuesday.

2021-4-28 21:38	Legal & Regulation
gains tuesday stated trading south starting hong

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Opposition to Crypto Tax Plans Gaining Momentum in South Korea

The South Korean government has seen a swell in opposition towards plans to levy taxes next year against crypto trading. The post Opposition to Crypto Tax Plans Gaining Momentum in South Korea appeared first on BeInCrypto.

2021-4-24 11:03	South Korea
plans south opposition crypto korea momentum gaining

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Bought NFTs? There’s A Tax For That, And Other Ways The IRS Is Eyeing Crypto

NFTs volume is dropping after an initial bubble-like storm of interest and millions pouring into the emerging digital goods market. But it could be because crypto investors are realizing as they wrap up last year’s taxes – extended to May 17 in the United States – that buying such tokens with Ethereum results in a […]

2021-4-15 18:21	United States
crypto nfts wrap year taxes investors realizing

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Japanese Court Convicts Bitcoin Tax Evader- Trader Gets a Year in Prison Plus Fine for $200K

Japanese authorities aren’t hesitating in hunting down anyone considered a crypto tax evader. A court in Ishikawa has sentenced one of them, a 56-year-old man that will spend one year in prison, plus pay a $200,000 fine.

2021-3-13 08:15
prison fine one japanese year plus court

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ZenLedger Partners With eToro to Simplify Crypto Tax

As the IRS wisens up to cryptocurrencies, traders will likely need support. This year, a question regarding virtual currency will appear at the top of the 1040 form for 2020 tax filings in the US.

2021-3-3 21:20	Taxes
tax appear virtual question regarding currency 1040

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Bitcoin ‘Underperforms’ During Tax Time: Analysis

Bitcoin's price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.

2021-1-28 00:42
bitcoin tax gains realized year selling bills

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Coinbase withdraws pre-application to enter Turkish market

Cryptocurrency exchange Coinbase has quietly pulled its bid to enter the Turkish market, joining other trading platforms that have backed out. U.S.-based crypto exchange Coinbase withdrew its pre-application to enter Turkey just four months after applying to the list of…

Tether pitches boron tokens on blockchain to Turkey’s officials: report

Tether is seeking to introduce blockchain technology to Turkey’s boron industry by tokenizing the mineral for broader adoption. Stablecoin issuer Tether (USDT) is proposing a plan to digitize Turkey‘s boron market using blockchain technology, as the company seeks to expand…

Binance sunsets referral program in Turkey due to local regulations

Crypto exchange Binance has ended its retail referral program in Turkey, just months after registering its services with the local regulator. Cryptocurrency exchange Binance is changing its operations in Turkey, announcing the termination of its referral program for retail customers…

Turkey, Russia ban Discord over child abuse allegations

Turkey and Russia have both moved to ban the popular communication platform Discord, citing concerns over child abuse and other criminal activities. In Turkey, authorities blocked access to Discord after a court ruling linked the platform to incidents of child…

PayPal-backed startup Mesh collaborates with Paribu in Turkey expansion

Fintech startup Mesh has partnered with Turkey’s crypto exchange Paribu to enhance user access to seamless payments across the web3 ecosystem. Mesh, a U.S. fintech startup backed by PayPal Ventures, has joined forces with centralized cryptocurrency exchange Paribu, aiming to…

Turkey Shelves Additional Plans to Tax Stocks and Crypto: Bloomberg

We don’t have a stocks tax on our agenda. It was discussed previously and fell from our agenda, Vice President Cevdet Yilmaz told Bloomberg, talking about plans that also affect crypto.

2024-9-25 21:47

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