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Crypto Firms’ Plans To Leave The US Speak Imminent Doom, Says Tim Draper
The United States is gradually becoming too hot for crypto firms to operate due to unclear and stringent regulatory approaches. For instance, a recent development that sparked an outcry was the proposal to impose a 30% excise tax on crypto-mining facilities. дальше »
2023-5-8 11:00 | |
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Environmental lawyer weighs in on crypto mining and taxation proposal
Robert F. Kennedy Jr. engages in a discussion about the sustainability of cryptocurrency mining, the need for a diverse ecosystem of currencies, and the potential consequences of the proposed 30% tax. дальше »
2023-5-5 17:05 | |
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Kenya eyes 3% tax on cryptocurrency transfers
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. дальше »
2023-5-5 14:25 | |
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Kenya proposes bill to tax crypto and NFT transfers
Kenya's lawmakers are considering the introduction of a new bill that would impose a tax on cryptocurrency and non-fungible token (NFT) transfers, as well as monetized online content. дальше »
2023-5-5 12:28 | |
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Presidential candidate Robert Kennedy Jr condemns Biden administration for its anti-crypto stance
Presidential candidate Robert Kennedy Jr criticized the Biden administration for proposing 30% tax on miners Kennedy accused the administration of using the environmental argument as a pretextThe post Presidential candidate Robert Kennedy Jr condemns Biden administration for its anti-crypto stance appeared first on AMBCrypto. дальше »
2023-5-4 17:00 | |
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Is It Feasible for Biden’s Proposed 30% Tax on Crypto Mining?
President Joe Biden has proposed a tax on cryptocurrency mining to address economic and environmental concerns, but experts are skeptical about its implementation. The proposal, named Digital Asset Mining Energy (DAME) excise tax, would impose a tax of up to 30% on the electricity costs of crypto miners, with increments of 10% over three years […] Сообщение Is It Feasible for Biden’s Proposed 30% Tax on Crypto Mining? появились сначала на Coinstelegram. дальше »
2023-5-4 12:54 | |
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Bitcoin: Why Uncle Sam's latest move could mean trouble for BTC miners
Bitcoin faces more headwinds as the U.S. government prepares for another attack. Reportedly, the tax aims at encouraging mining companies to pay for the environmental impact of mining The UThe post Bitcoin: Why Uncle Sam's latest move could mean trouble for BTC miners appeared first on AMBCrypto. дальше »
2023-5-4 10:30 | |
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Italy Introduces a 26% Tax on Cryptocurrency
Italy has recently become the latest country to introduce a tax on cryptocurrency transactions. Under new legislation passed by the Italian government, a 26% tax will be levied on gains made from cryptocurrency investments. дальше »
2023-5-4 00:29 | |
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Robert Kennedy Jr. condemns Biden’s proposed 30% Bitcoin mining tax
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. дальше »
2023-5-4 23:40 | |
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Kazakhstan’s Bitcoin mining industry has several challenges ahead
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. дальше »
2023-5-4 19:02 | |
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Biden Administration Seeks to Impose 30% Tax on Crypto Mining
Coinspeaker Biden Administration Seeks to Impose 30% Tax on Crypto Mining The White House Council of Economic Activities (CEA) is looking to penalize the crypto mining sector stating that the high energy consumption by crypto miners have spillover effects on the environment and quality of life. дальше »
2023-5-3 14:22 | |
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White House advisers rekindle 30% energy tax on digital mining notion
the White House advisers are again proposing a 30% energy tax on cryptocurrency miners due to negative environmental impact. The proposal has however drawn criticism from the crypto community. дальше »
2023-5-3 12:54 | |
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Biden Proposes 30% Crypto Mining Electricity Tax to Offset Environmental Impact
The Council of Economic Advisers announced that it would push for a 30% DAME tax on crypto mining to combat its effect on the environment. The post Biden Proposes 30% Crypto Mining Electricity Tax to Offset Environmental Impact appeared first on BeInCrypto. дальше »
2023-5-3 09:04 | |
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Italy Imposes 26% Tax on Crypto
Italy's new 26% tax on cryptocurrencies marks a significant policy shift, affecting investors, traders, and potentially leaving a mark on the regulatory landscape for digital assets globally now and in the future. дальше »
2023-5-3 22:53 | |
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Biden’s bold move: White House wants crypto miners to pay 30% climate change tax
The Biden administration proposes a 30% tax on crypto miners to address climate change. Miners in the firing line According to Yahoo News, the Council of Economic Advisers (CEA,) an agency within the U. дальше »
2023-5-3 19:05 | |
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MicroStrategy says it could sell Bitcoin to pay long-term debt obligations
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. дальше »
2023-5-2 15:30 | |
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Kenya introduces 1.5% tax to crypto companies
Kenya announced that it would imply a 1. 5% tax to all commissions foreign crypto companies earn from their customers, according to a report by Business Daily Africa from Apr. 25. The new regulations include all foreign crypto exchanges that earn interest from facilitating buying and selling transactions of digital assets in Kenya, the Business Daily […] The post Kenya introduces 1. дальше »
2023-5-2 15:00 | |
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UK Crypto Tax Advisers Welcome Proposed Changes to DeFi Lending, Staking Treatment
The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users. дальше »
2023-5-3 13:47 | |
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Utilising Crypto Losses to Reduce Your Tax Liability
Making losses on your crypto trading is never fun - but the upside is that crypto losses are tax deductible in many jurisdictions worldwide. In this article, accountants Alexander & Co explain how the process works in the UK. дальше »
2023-4-29 15:00 | |
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Apple’s 30% Tax on iOS NFTs Ruled Illegal, Could Open Door for Crypto
A federal appeals court has ruled that Apple's 30% tax on in-app purchases of NFTs is illegal, a decision that could have major implications for the industry. The post Apple’s 30% Tax on iOS NFTs Ruled Illegal, Could Open Door for Crypto appeared first on NFT News Today. дальше »
2023-4-26 03:37 | |
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Tax service Betterment to pay $9m amid US SEC charges
Betterment LLC has accepted the $9 million penalty U.S. Securities and Exchange Commission issued for misstatements, poor record-keeping, and disclosure practices. Betterment LLC is a cash management and robo-advising establishment holding over $34 billion in assets in management and servicing over… дальше »
2023-4-19 11:05 | |
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Nervous About Crypto Taxes? Donate Your Profitable Holdings Instead
If you hold crypto that has appreciated in value for more than one year, you won't need to worry about paying capital gains taxes and you’ll reap the benefits of one of the most generous deductions in the tax code, Adam Nash writes. дальше »
2023-4-18 00:34 | |
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Is the rise in Bitcoin and gold price foreshadowing further debasement?
As the Treasury General Account (TGA) plummets at an alarming rate, losing $130 billion this month alone, the U. S. government faces a ticking financial time bomb. With only $87 billion left in the account and tax receipts unable to keep up with the spending spree, potential consequences are looming. дальше »
2023-4-17 15:32 | |
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Sweden to eliminate incentives for bitcoin miners, raising electricity tax by 6,000%
Sweden is doing away with tax incentives for data centers come July. This decision could affect bitcoin (BTC) miners who had turned to Nordic country to increase their profitability дальше »
2023-4-16 22:12 | |
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Arizona governor Katie Hobbs vetoes crypto mining and tax bills
Governor of Arizona Katie Hobbs has vetoed the blockchain technology tax fee prohibition bill SB 1236 introduced by senator Wendy Rogers because the legislation will hamper policymaking regarding the state’s web3 space. дальше »
2023-4-14 11:27 | |
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China fines Bitcoin mining firm Bitmain over tax violations
According to a recent report from a local news agency Sina Finance, China has sanctioned the Bitcoin mining company Bitmain Technologies for alleged tax violations. Bitmain has been fined by the BeThe post China fines Bitcoin mining firm Bitmain over tax violations appeared first on AMBCrypto. дальше »
2023-4-11 19:00 | |
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Bitmain Fined About $3.7 Million for Tax Violations in China
Coinspeaker Bitmain Fined About $3. 7 Million for Tax Violations in China The Chinese tax authority claim Bitmain was issued with a tax violations notice in August last year but has withheld paying individual tax income of about $2. дальше »
2023-4-12 18:38 | |
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S. Korean prosecutors seek to freeze $5.3M worth of Do Kwon’s assets
Prosecutors in South Korea are trying to get a court order to freeze $5. 3 million worth of Do Kwon’s assets in the country, Yonhap News reported on April 11. Terraform Labs co-founder Kwon has been under investigation in South Korea for fraud and tax evasion since the Terra-LUNA collapse wiped out nearly $40 billion in […] The post S. дальше »
2023-4-11 13:00 | |
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Bitmain Crypto Mining Company Faces $3.5M Fine for Tax Violations in China
The Bitcoin mining-focused manufacturer Bitmain is facing a fine of $3.5 million for unpaid income taxes in Beijing, China. The post Bitmain Crypto Mining Company Faces $3.5M Fine for Tax Violations in China appeared first on BeInCrypto. дальше »
2023-4-11 11:00 | |
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Cryptocurrency taxation: Who’s paying and who’s not – a country-wise analysis by Divly
It is a widely recognized tradition of businessmen and investors globally who try to hide their actual income to reduce their tax burden. The cryptocurrency industry, with estimated 420 million users worldwide, follows suit. дальше »
2023-4-12 00:05 | |
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Over 99% of crypto investors don’t report taxes, report indicates
As the cryptocurrency market continues to grow, tax authorities worldwide face mounting challenges in ensuring compliance. A recent study by Divly, a crypto-tax platform, reveals that a mere 0.53% of cryptocurrency investors globally declared their crypto activities to local tax… дальше »
2023-4-7 15:50 | |
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