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Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says
9.4.2024
The crypto market faces the U.S. tax season liquidity test around the time Bitcoin's blockchain implements the fourth mining-reward halving on April 20
Former IRS Criminal Investigations Chief Joins Chainalysis as Global Head of Capacity Building
8.4.2024
Chainalysis revealed that Jim Lee has joined the company as its global head of capacity building. In this capacity, he will focus on collaborating with international agencies to develop effective solutions against cryptocurrency-based crime.
The post Former IRS Criminal Investigations Chief Joins...
South Korea Tax Body Set to Seize 5,208 Crypto Traders’ Coins
8.4.2024
South Korean tax officials in the city of Pohang are set to seize cryptoassets from 5,208 residents who failed to pay local taxes.
The post South Korea Tax Body Set to Seize 5,208 Crypto Traders’ Coins appeared first on Cryptonews
Nigerian Court Postpones Detained Binance Executive’s Tax Evasion Case to April 19
6.4.2024
A Nigerian court has postponed the tax evasion case of the detained Binance executive to April 19, while the hearing for the cryptocurrency exchange itself is scheduled for April 8. The court also ordered that the executive Tigran Gambaryan be held in the custody of the Economic and Financial...
Nigeria Court Adjourns Hearings for Binance, Execs' Tax Evasion Cases: Reports
4.4.2024
The local tax watchdog last month filed charges in an Abuja court against Binance and the two executives who were detained in the country
Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax Expert
3.4.2024
Many cryptocurrency users have not filed their tax returns, fearing that the Internal Revenue Service (IRS) might change regulations after they submit their returns, according to a cryptocurrency tax expert. The expert stated that the IRS has the discretion to apply laws retroactively...
Memes to Millions: The Tax Implications of Sudden Crypto Wealth
2.4.2024
Binance Faces Tax Evasion Charges in Nigeria, Executives Detained
25.3.2024
Binance, the world's largest cryptocurrency exchange, is facing tax evasion charges in Nigeria, as the dispute between the exchange and Nigerian authorities escalates.
The post Binance Faces Tax Evasion Charges in Nigeria, Executives Detained appeared first on Cryptonews
Nigeria Charges Binance, Detained Executives With Tax Evasion: Reports
25.3.2024
One of two senior Binance executives in government custody has escaped, local media reported over the weekend
South Korean Tax Dodgers Out of Pocket as Authorities Seize $768,500 Worth of Crypto
21.3.2024
South Korean “tax dodgers” have been dealt another blow, with tax authorities in the city of Hwaseong confiscating cryptoassets worth over $768,500.
The post South Korean Tax Dodgers Out of Pocket as Authorities Seize $768,500 Worth of Crypto appeared first on Cryptonews
Pakistan Faces IMF Pressure to Tax Crypto and Real Estate
18.3.2024
The International Monetary Fund (IMF) has stipulated that Pakistan's Federal Board of Revenue (FBR) must levy a capital gains tax (CGT) on cryptocurrency investments
The post Pakistan Faces IMF Pressure to Tax Crypto and Real Estate appeared first on Cryptonews
El Salvador Woos Global Investors: 0% Income Tax!
14.3.2024
In a bold step, El Salvador has introduced innovative measures that attract foreign investments by canceling pay taxes on world investments. The 0% rate for these funds means they will not be liable to pay any taxes, as opposed to the general 30%, and is seen as a big step in making the country...
Joe Biden’s budget plan covers a mining tax and crypto wash trading
14.3.2024
An excise tax on cryptocurrency mining has been proposed by the administration of US President Joe Biden in an effort to reduce energy consumption and promote a more environmentally sustainable policy in response to the expansion of digital asset mining. An organization that leases or possesses...
Koinly and NEAR join forces to take the pain out of crypto tax
14.3.2024
Koinly recently announced a partnership with NEAR Protocol. The announcement was made on the official X account of Koinly. The recent partnership is aimed at simplifying the tax process for global crypto use. The tweet by Koinly sheds some light on how it will be done: Seamless Integration: Users...
Thailand Offers Crypto Tax Break to Promote Investment Tokens
14.3.2024
The Thai government has approved crypto tax break for individuals holding investment tokens, looking to encourage the use of these tokens for fundraising purposes.
The post Thailand Offers Crypto Tax Break to Promote Investment Tokens appeared first on Cryptonews
El Salvador Axes Income Tax for Investments From Abroad
13.3.2024
The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas
Thailand Greenlights Income Tax Exemption for Investment Token Earnings: Report
13.3.2024
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes
South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion
13.3.2024
The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had contracted the services of a third-party company to help...
Grayscale Aims to Launch Mini Bitcoin Trust for Lower Fees and Tax Benefits
12.3.2024
Grayscale has revealed the submission of an S-1 form to the U.S. Securities and Exchange Commission (SEC) for the launch of a new, smaller version of its popular Grayscale Bitcoin Trust (GBTC). This initiative is designed to provide shareholders with exposure to bitcoin, reduced fees and potential...
South Korea suggests crypto management system to fight tax fraud
12.3.2024
South Korea is preparing and implementing robust measures to combat tax evasion associated with virtual assets. The National Tax Service of South Korea has designated GTIC for the integrated management system (ISP) of virtual assets in an effort to prevent tax evasion. With big measures being...