2023-11-1 10:55 |
Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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Portuguese Tax Lawyer delves into Portugal’s updated Crypto Tax Law for 2023, shedding light on new tax exemptions, the treatment of crypto transactions and NFTs, and strategies like tax-loss harvesting that benefit crypto investors in Portugal.
2023-11-1 20:21 | |
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The Governor of Brazil acknowledged potential issues associated with cryptocurrencies, such as tax evasion and illicit activities. Between January and August 2023, crypto imports surged by an iThe post Brazil tightens crypto regulations as adoption surges appeared first on AMBCrypto.
2023-9-28 15:30 | |
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Montreal, Canada, September 12th, 2023, Chainwire Octav, a DeFi labeling and tax reconciliation platform, raised a $2. 65 million seed to help label the DeFi ecosystem and be the “Quickbooks of crypto”.
2023-9-12 17:04 | |
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US Senators urge Treasury and IRS to implement crypto tax rules by December 2023, warning of potential $1.5 billion revenue loss. Four U.S. Senators, Elizabeth Warren, Robert P. Casey, Jr., Richard Blumenthal, and Bernard Sanders, have sent a letter to…
2023-8-3 16:25 | |
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Portugal’s coastal capital offers a top-shelf European quality of life at discount prices. The No. 15 spot on CoinDesk’s Crypto Hubs 2023 attracts creative and entrepreneurial expats with a lively calendar of Web3 events, prized “digital nomad” visa and crypto-friendly tax laws.
2023-6-27 14:05 | |
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The country’s 2023 budget is riddled with an 11 trillion naira budget deficit and 6 trillion naira debt service cost, so it is looking for new avenues to fund its budget, observers say. Nigeria has placed a 10% tax on digital asset profits in the latest Nations Finance Act 2022 amendment. The tax will include […]
2023-6-13 22:26 | |
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3. 5 Turbo US Congressmen Brad Sherman and Stephen Lynch have urged the US Treasury and IRS to curb "major tax evasion" in the crypto industry. The lawmakers argue that brokers need the new laws to comply with filing requirements for the 2023 financial year.
2023-6-8 17:30 | |
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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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Bitcoin 2023 will host Robert F. Kennedy Jr., who recently defended Bitcoin mining after the Biden Administration proposed a 30% tax on its energy usage.
2023-5-5 17:00 | |
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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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A one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023.
2023-5-2 03:52 | |
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The IRS' point person for taxation of cryptocurrencies stresses need for community engagement at Consensus 2023
2023-5-1 00:18 | |
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The IRS' point person for taxation of cryptocurrencies stresses need for community engagement at Consensus 2023
2023-4-29 00:18 | |
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India disclosed that it made nearly $20M in tax after new rules subjected income from crypto transfers to a flat tax rate of 30%. The post India Raked In Over $19.2M in Crypto Tax in the 2023 Fiscal Year appeared first on BeInCrypto.
2023-3-30 13:00 | |
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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…
2023-3-17 16:00 | |
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Experts opine that the Indian government needs more data and time to decide on rigid tax policies, given it has been only ten months since the tax laws were introduced in March 2022.
2023-2-2 12:47 | |
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Indian Finance Minister Nirmala Sitharaman has unveiled the 2023 budget for the nation.
2023-2-1 10:02 | |
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Indian Finance Minister Nirmala Sitharaman has unveiled the 2023 budget for the nation.
2023-2-2 10:02 | |
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Effective Jan.1, 2023, the U.K. will offer tax relief for crypto foreign investors who purchase digital currencies via regulated brokers and investment managers.
2023-1-2 19:34 | |
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The Italian Parliament has approved the implementation of a 26% taxation on any crypto-oriented profits above €2,000 on December 30. This new legislation is a part of the 2023 Italian budget. The post Italians to pay 26% crypto gains tax from 2023 appeared first on CryptoSlate.
2022-12-31 00:00 | |
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Coindesk reported via a Tweet on Dec.30 that the Italian parliament has approved a new capital gains tax on cryptocurrency gains in its 2023 budget.
2022-12-31 23:27 | |
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Italian Prime Minister Giorgia Meloni's new bill also includes an incentive for those declaring crypto for tax purposes.
2022-12-31 18:42 | |
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A province in Argentina, Buenos Aires, will begin taxing cryptocurrency mining activities and probably staking in 2023.
2022-12-23 13:02 | |
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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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Italy is planning to tighten regulation around cryptocurrencies by taxing capital gains beginning in 2023. According to the European country’s proposed budget for next year, all digital currency profits above €2,000 will be subject to a 26% tax levy.
2022-12-2 16:35 | |
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Italy will impose a capital gains crypto tax of 26% on profits beginning in 2023. The new law will require crypto holders to disclose their current holdings and pay 14% on them. The post Italy Will Impose Crypto Gains Tax at 26% Starting in 2023 appeared first on BeInCrypto.
2022-12-1 08:51 | |
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The Portuguese government will introduce a 28% tax on all earnings generated from crypto held for less than a year in its 2023 budget. The post Portugal will implement 28% tax on crypto in 2023 appeared first on CryptoSlate.
2022-10-11 14:10 | |
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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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The Portuguese government submitted a report for 2023’s national budget to the country’s parliament. Within this report lies a proposal to subject crypto gains to the country’s capital gains taxThe post Portugal’s new budget draft is set to affect its crypto tax haven status appeared first on AMBCrypto.
2022-10-11 11:45 | |
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The Japanese Government indicated a possibility of reducing the tax burdens on crypto startups with the 2023 tax reform to prevent startups from leaving the county to set up their businesses, Yomiuri Shimbun Online reported.
2022-8-26 22:45 | |
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The JCBA and JVCEA have published a tax reform request for 2023 asking for separate taxation of crypto at a rate of 20%, among other things. The post Crypto Groups in Japan Release Fiscal 2023 Tax Reform Request appeared first on BeInCrypto.
2022-8-4 12:30 | |
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The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024.
2022-6-30 23:15 | |
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Albania is reportedly planning to tax income generated from crypto assets from 2023, according to a new draft law. The post Albania Looks to Introduce Crypto Taxation From 2023, Says Report appeared first on BeInCrypto.
2022-6-28 15:00 | |
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The state administration will convert crypto payments immediately to Brazilian reais, Mayor Eduardo Paes added.
2022-3-29 18:37 | |
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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 | |
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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 | |
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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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Crypto traders will be exempt from a 7% VAT tax.
2022-3-8 17:41 | |
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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 | |
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South Korean National Assembly Strategy and Finance Committee approved an amendment to delay to 2023 the taxation that imposes an annual 20% capital gains tax for crypto trading with over 2.5 million Won (US$2,125) in earnings, just after the same taxation had been rushed to happen in 2022 as the lawmakers said postponing it would […]
2021-12-4 02:58 | |
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South Korea’s crypto tax plans appear to have hit a snag as the country’s National Assembly has passed a bill pushing the implementation of the tax bill into 2023. South Korea’s crypto tax bill get 2023 date In one of CryptoSlate’s previous reports, it was stated that the country had proposed to impose a 20% […] The post South Korea pushes ambitious crypto tax to 2023 appeared first on CryptoSlate.
2021-12-2 11:00 | |
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South Korea’s National Assembly passed a bill pushing the planned tax on crypto capital gains until 2023, according to the country’s finance ministry. The post South Korea’s Finance Ministry Pushes Crypto Tax to 2023 appeared first on BeInCrypto.
2021-11-30 16:04 | |
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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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South Korean lawmakers from the opposition People Power Party (PPP) are formulating a bill aimed at postponing the January 1, 2022 implementation of the 20-25 percent crypto tax law in the nation to 2023.
2021-10-12 23:00 | |
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The opposition party in South Korea’s National Assembly is looking to revise the recently announced enforcement on cryptocurrency taxes. The post South Korean Opposition Challenges Crypto Tax, Pushing for Delay Until 2023 appeared first on BeInCrypto.
2021-10-12 16:13 | |
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The new American Families Plan Tax Compliance Agenda would go into effect in 2023, the agency wants crypto businesses to report transactions in excess of $10,000. Just like they report Cash transactions in excess of $10k The post US Treasury Wants k Crypto Transactions Reported; Likely to Rise In ‘Importance in the Next Decade’ first appeared on BitcoinExchangeGuide.
2021-5-21 16:36 | |
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South Korea has been working towards a suitable tax system for crypto trades and profits for a while now, with different proposals and deadlines. However, after much deliberation, the government has now put forth a viable tax plan for crypto gains.
2021-1-8 22:55 | |
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The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023.
2020-10-16 04:29 | |
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Bloomberg senior ETF analyst Eric Balchunas said spot Ethereum ETFs may never be approved due to the SEC's view on Ether.
A recently discovered report reveals the SEC's cybersecurity vulnerabilities before a hack led to fake Bitcoin ETF approval in January. The post Undisclosed report reveals SEC cybersecurity flaws before fake Bitcoin ETF approval hack appeared first on Crypto Briefing.
Hours after the third largest bank in America reveals its Bitcoin ETF holdings, the country's largest bank follows.
The war between the Kraken crypto exchange and the U.S. SEC continues amid new statements from the platform
Kraken has refuted the Securities and Exchange Commission’s (SEC) claims that its platform listed securities, pointing out that the financial regulator’s arguments attempt to restructure the US financial system beyond its regulatory scope, according to a May 9 court filing.
The U.S. SEC has continued its crypto crackdown this year, but the agency’s current leverage may also be its biggest weakness in months to come.
Crypto wallet provider Exodus said the US Securities and Exchange Commission (SEC) made a “surprising last-minute decision” that delayed its planned listing on the NYSE American Stock Exchange, according to a May 9 statement.