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What crypto hodlers should keep in mind as tax season approaches
2.2.2023
Filing crypto taxes can be complex, especially for those exploring the decentralized finance world. Here’s what to keep in mind
Here's why India held on to older crypto reforms in national budget 2023
1.2.2023
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
New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies
28.1.2023
A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as “a means of payment of fines, civil penalties, rent, rates, taxes...
IRS reminds taxpayers of crypto income reporting ahead of 2022 filing
28.1.2023
The IRS’s recommendation to check “Yes” boils down to receiving, earning, transferring or selling cryptocurrencies for any monetary benefit, including mining and staking
New York Assembly introduces crypto payments bill for fines, taxes
27.1.2023
The bill clarifies that state agencies can legally agree to accept cryptocurrency payments and that these agreements should be enforced by the courts
Where Are the Crypto OGs? — Taxation Is Theft, but Joe Biden Needs Ice Cream Money
26.1.2023
Bitcoin was once viewed as a means to opt out of violent, legacy financial systems. Now, it is being co-opted by the very same, and zealous newcomers to crypto think that’s a good thing, while still giving lip service to peer-to-peer values. Ignoring the problems with fiat money, they...
Arizona lawmakers seek to make crypto a tax-exempt property
24.1.2023
Should the bill pass the legislature, Arizona voters could choose whether virtual currency is tax exempt as part of a November 2024 ballot measure
Terra accidental airdrop leads to smear campaign, community member claims
10.1.2023
TFL claimed that the airdrop receiver refused to return the funds, while the user claimed that he was on the verge of settlement with the firm when the former decided to run a smear campaign
Romania Carries Out Raids as Part of Crypto Tax Evasion Probe
8.1.2023
Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding...
Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees
7.1.2023
Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy....
One Of The Best Puzzle Games Ever Gets A Spin-Off About How Filing Taxes Sucks
6.1.2023
It’s been a minute since we’ve heard from Hempuli aka Arvi Teikari, the developer behind the adorably excellent push-puzzler Baba Is You. Well, Teikari is back with another game in the Baba-verse. This time, though, instead of pushing objects and altering the rules of reality, you are pushing...
ECB official urges CBDC development for the good of cryptocurrency and consumers
5.1.2023
ECB board member Fabio Panetta has woven his enthusiasm for blockchain technology and skepticism of cryptocurrency into an argument that supports both, albeit begrudgingly
Italy approves 26% capital gains tax on cryptocurrencies
2.1.2023
The Italian Senate approved the new tax rate for crypto trading as part of the budget legislation for 2023
Italian Parliament Approves 26% Tax for Cryptocurrency Gains in 2023 Budget Law
2.1.2023
The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a 3.5% aliquot for undeclared cryptocurrencies held...
SBF stays at parents’ house on a $250 million bail: Law Decoded, Dec. 19-26
26.12.2022
A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport
US Government Delays Tax Reporting Rules for Cryptocurrency Brokers
25.12.2022
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto...
The outcome of SBF's prosecution could determine how the IRS treats your FTX losses
16.12.2022
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win
Brussels Wants All Crypto Service Providers to Report Transactions of Europeans
9.12.2022
The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are based, will have to abide by the new rules. EU...
Argentina Signs Automatic Tax Data Sharing Agreement With the United States
6.12.2022
The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc Stanley, will allow the Argentine national...
How can UK-based businesses accept Bitcoin?
5.12.2022
Through Bitcoin payment processors like BitPay, businesses in the UK can offer BTC as a payment method during checkout