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Why did WazirX token WRX jump 30% after India announced its big crypto tax?
2.2.2022
The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area
Colombia clamps down on crypto tax evasion as adoption thrives
2.2.2022
Colombia’s tax authority is tightening the screw on Bitcoin and cryptocurrency-related tax evasion against a backdrop of burgeoning cryptocurrency adoption
India to introduce 30% crypto tax, digital rupee CBDC by 2022-23
1.2.2022
Finance minister Nirmala Sitharaman believes the introduction of a CBDC will provide a “big boost” to India's digital economy
Bitcoin Gets More Investments, Ethereum - Less, Thailand Scraps Crypto Tax + More News
31.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Bitcoin Gets More Investments, Ethereum - Less, Thailand Scraps Crypto Tax + More News
Changes in Crypto Lending, Investors Bet on Crypto Tax Services, NASA vs. NFTs + More News
27.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Changes in Crypto Lending, Investors Bet on Crypto Tax Services, NASA vs. NFTs + More News
Crypto tax calculator CoinTracker valued at $1.3B following $100M raise
27.1.2022
Crypto tax reporting was a contentious topic in the U.S. last year as Congress passed the Infrastructure Investment and Jobs Act
Zimbabwe Signs Agreement Enabling Collection of Taxes From Crypto and E-Commerce Entities
23.1.2022
The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers. Zimbabwe’s Stance on Crypto The Zimbabwean government recently said it had entered into an agreement with the British...
Crypto Tax Trends in 2022: Increased Reporting, Updated Rules, and a Wealth Tax Debate
23.1.2022
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Crypto isn’t a secret anymore, and nowhere is this more apparent than in the concerted efforts of various governments to make sure crypto traders pay taxes on their gains. 2021 saw an increasing movement towards the creation of taxation regimes for crypto, and 2022 might see more...
Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions
20.1.2022
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential...
Coinbase, PayPal join TaxBit Network for free crypto tax forms
11.1.2022
TaxBit wants to prevent crypto users from spending “thousands of dollars per year” to generate crypto tax forms
Thailand government to clear up crypto tax confusion
11.1.2022
The Thai revenue department will expedite tax criteria as traders and businesses seek further clarity
Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23
10.1.2022
An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else...
5 Platforms Offering Relief to Your Crypto Tax Headache
27.12.2021
Let’s face it. Cryptocurrencies and taxes are the world’s biggest headache for financial professionals and just about everybody. Governments are yet to catch up with and figure out which cryptocurrency project belongs to which asset class. So, the rules are so many and so confusing that...
Looking for a Country with Clearest Crypto Tax Policies? Check This List
15.12.2021
The European microstate of Liechtenstein came in as the country with the clearest crypto tax policies for 2021, while Germany, coming in as number four, saw one of the best improvements since last year, a new report from consulting giant PwC has found.
Following Liechtenstein, Australia and Malta...
Things to know (and fear) about new IRS crypto tax reporting
4.12.2021
The new law redefines "cash" to include "any digital representation of value" including cryptocurrency, but in an anonymous system, is this going to work?
Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax
3.12.2021
South Korean MPs have finally overturned the government on its proposed crypto tax plans, ending a long saga that pitted lawmakers against the large crypto-skeptic administration of President Moon Jae-in....
Read More: Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax
Finance Committee Approves Legislation Delaying Crypto Tax in South Korea
30.11.2021
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead...
South Koreans Can Trade Crypto Tax-Free Until at Least 2023 as Delay 'Virtualy Confirmed'
30.11.2021
South Koreans will most likely be able to trade crypto without having to pay tax on their earnings for at least another year after politicians signed off on an amendment to a much-maligned and controversial tax plan – in a major blow to the government, which bitterly opposed talk of...
South Korean lawmakers inch closer to deal to delay crypto tax by one year
30.11.2021
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
UK digital services tax targets crypto exchanges
29.11.2021
Britain’s crypto exchanges will be levied with a 2% tax which is likely to be passed on to investors warned CryptoUK