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Coinbase Sounds Alarm on IRS Crypto Tax Proposal
12.10.2023
As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share
US lawmakers urge IRS to implement crypto tax reporting requirements before 2026
11.10.2023
The crypto tax reporting requirements proposed by the IRS in August are currently scheduled to go into effect in 2026 — according to 7 senators, that isn't soon enough
Indian Government Collects Over $12 Million From Crypto Taxes
11.10.2023
India’s Central Board of Direct Taxes (CBDT) has collected more than 100 crore INR ($12 million) from one percent TDS (Tax Deducted at Source) on crypto transactions in this financial year.
The Indian government had implemented one percent direct tax on all crypto transactions from July...
Taiwanese Crypto Trader's 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery
5.10.2023
Sometimes, being tax-compliant pays off
CBDC will improve tax collection — Argentine central bank director
5.10.2023
Juan Agustín D’Attellis Noguera publicly supported Sergio Massa in promoting a central bank digital currency as a remedy for the national economy
Argentine Economy Minister Sergio Massa Proposes National Digital Currency
4.10.2023
Sergio Massa, Argentine economy minister and presidential candidate, has announced that, if elected, his new government plan would include launching a national digital currency that local media has called the “crypto peso.” Massa also stated that this plan would involve a tax reduction...
Free Talk Live Co-Host Ian Freeman Sentenced to 8 Years for Running Unlicensed Bitcoin Business
2.10.2023
Following his conviction for unlicensed money transmission, money laundering, and tax evasion at the close of December 2022, Keene dweller, libertarian activist, and Free Talk Live co-anchor, Ian Freeman has been sentenced to eight years behind bars this Monday. His fellow Free Talk Live co-host...
Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus
2.10.2023
Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year, warned the members of the industry. Miners...
Hong Kong to tighten crypto regulation, Thailand to tax crypto overseas: Law Decoded
25.9.2023
While Thai regulators aim to tax crypto earned overseas, Brazilian lawmakers seek to protect it from seizure
Hungarian Authorities Seize Crypto Worth $1M in Tax Fraud Case
23.9.2023
Hungarian authorities have seized cryptocurrency worth over $1 million from a criminal organization in a value-added tax (VAT) fraud case. The authorities raided 28 locations, arrested three suspects, and seized various assets tied to the group. The seized cryptocurrencies were transferred to...
India's Crypto Tax Relief Likely Two Years Away, Says Leading Exchange CEO
22.9.2023
India's crypto industry may have to wait for up to two years for a more lenient crypto tax regime, as per domestic exchange WazirX's CEO.
Last year, Indian authorities introduced a 1% Tax Deducted at Source (TDS) on cryptocurrency transactions, which led to a significant decline in trading...
South Koreans Report Over $98 Billion in Overseas Crypto Assets
21.9.2023
South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a mandatory reporting requirement for financial assets held...
70% of South Korean Reported Foreign Assets Are Crypto- Here’s More
20.9.2023
South Korea’s crypto adoption grows as authorities disclosed that 70% of the nation’s reported overseas assets are cryptocurrencies.
On Sept 20, The country’s National Tax Service (NTS) in an official release stated that 5,419 business and individuals reported their financial accounts with...
South Koreans Hold $99B of Digital Assets Overseas: Tax Service
20.9.2023
The crypto held in overseas accounts for about 70% of all assets held outside the country
Chainalysis Report: India Ranks Second in Global Transaction Volume Despite Tax Law Challenges
20.9.2023
India has claimed the second-largest position in the global crypto market, surpassing the UK, Turkey, and Russia in raw transaction volume.
This achievement is notable given that it comes despite challenges posed by India's anti-crypto regulatory and tax environment, a recent report from...
Crypto makes up 70% of South Korean overseas assets: National Tax Service
20.9.2023
1,432 individuals and corporations in South Korea have reported holding $98 million in crypto overseas, which is 70% of all reported assets
Russia to ‘Integrate’ Digital Ruble With Tax Code – Moscow Forges Ahead with CBDC
20.9.2023
Russia is set to “integrate” its CBDC, the digital ruble, into its tax system, with legislation set to roll out before the year’s end.
Per Prime, the State Duma’s Committee on Budgets and Taxes has approved a private member’s bill that seeks to amend the Tax Code.
The amendment will allow...
Crypto Wants a De Minimis Tax Exemption in the U.S.
19.9.2023
The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this...
Thailand to Tax Overseas Earnings From Crypto Traders – Will it Impact Foreign Investment?
19.9.2023
Thailand would soon tax foreign earnings from crypto traders, a tighter measure to close the loophole, which allowed overseas income into the country tax-free.
The rule came from Thailand’s Revenue Department, which aims to fund its proposed economic stimulus, according to a BangkokPost report....
Thailand to start taxing overseas income next year, including from crypto
19.9.2023
Any person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including crypto