Search
‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax
18.4.2023
Failing to utilize tax loss harvesting is one of the biggest mistakes people can make on their tax returns, according to the head of tax at Koinly
Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency
15.4.2023
Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced...
Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike
14.4.2023
The 6,000% increase in taxes per kilowatt hour of energy will likely kill any potential bitcoin mining investments in the country
Crypto Holders Face Tricky Tax Situations as US Taxes Due Next Week – Here's What You Need to Know
14.4.2023
Crypto investors in the US are finding themselves in tricky tax situations, with many of them still struggling with losses from last year’s market downturn and the many bankruptcies that occurred....
Read More: Crypto Holders Face Tricky Tax Situations as US Taxes Due Next Week – Here's What...
China Fines Bitmain $3.6 Million for Tax Violations, Report
13.4.2023
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income...
Crypto VC funding hits 2-year low, US firms still favorite: Galaxy Research
13.4.2023
Despite macroeconomic headwinds, a Galaxy Research report says activity could rebound in the second quarter of 2023 following recent crypto price increases
Today in Crypto: Ex-investment Banker Charged in a Crypto Fraud Case, Binance.US to Delist Tron, Spain to Send 328,000 Tax Warning Notices to Crypto Holders
12.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Ex-investment Banker Charged in a Crypto Fraud Case, Binance.US to Delist Tron, Spain to Send 328,000...
Spanish tax agency to send over 328K notices to crypto holders
12.4.2023
According to fiscal authority, the number of potential taxpayers who failed to declare their crypto assets rose by 40% in a year
Beijing-Based Bitcoin Miner Bitmain Faces Fines for Tax Regulation Breach – Here's the Latest
12.4.2023
Major crypto mining hardware maker Bitmain is reportedly looking at a nearly $4 million-heavy fine for unpaid taxes in Beijing.
According to a report by the local news agency Sina Finance, Bitmain has failed to pay income taxes as required by China’s laws on the administration of...
Today in Crypto: Ripple Partners with Montenegro Central Bank, Bitmain Facing a $3.6M Fine, Head of Exchange Vishal Gupta Leaving Coinbase
11.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Ripple Partners with Montenegro Central Bank, Bitmain Facing a $3.6M Fine, Head of Exchange Vishal Gupta...
Bitcoin mining firm Bitmain reportedly fined for tax violations in China
11.4.2023
Bitmain has reportedly failed to pay personal income taxes in accordance with China’s laws on the administration of tax collection
New R&D tax rules could bankrupt your blockchain startup
11.4.2023
A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes
Study claims 99.5% of crypto investors did not pay taxes in 2022
7.4.2023
Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
6.4.2023
The white paper proposes more tax reform, clearer accounting standards and a DAO law
Ethereum projects unite to protect users from MEV-induced high prices
5.4.2023
In total, 27 Ethereum projects joined the initiative as launch partners, which includes Balancer, Gnosis DAO, Shapeshift, and StakeDAO, to name a few
Crypto Payroll Company Franklin Closes $2.9M Seed Round
4.4.2023
The payroll company is the second skunkworks project developed internally at boutique Web3 marketing firm Serotonin, founded by Ethereum mainstay Amanda Cassatt
Alleged Kenyan Bill Proposes Widening Definition of Securities to Include Crypto Assets
4.4.2023
A bill seeking to put blockchain and crypto assets under the purview of the Kenyan Capital Markets Authority is supposedly set to be debated in the country’s parliament. The bill also seeks to “widen the meaning of ‘securities’ to capture digital currencies.”...
Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court
1.4.2023
Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases, which involve crypto purchases and payments as well as income received from bitcoin mining, uphold decisions of lower courts. Denmark’s High Court...
Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025
1.4.2023
Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized crypto activities such as mining and trading. Belarus...
El Salvador removes all taxes related to tech innovation for economic growth
1.4.2023
Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador