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The Force Behind a 1% Tax That Crushed Indian Crypto Trading

5.12.2022
All signs indicate India’s powerful finance minister disdains cryptocurrencies, and now she is setting the G-20 agenda for how the world's economic powers will regulate it. That’s why Nirmala Sitharaman is one of CoinDesk’s Most Influential 2022

Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions

5.12.2022
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa...

Brazilian Companies Break Crypto Purchasing Records Again in October

5.12.2022
According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during October, a new record that overturns the 40,161 that...

Save Thousands In Taxes by Harvesting NFT Losses – CoinLedger Explains How

5.12.2022
There’s a silver lining to the crash in the NFT market — millions of dollars of potential tax-savings. To help NFT investors claim their tax-savings before the end of the year, CoinLedger recently launched an NFT tax-loss harvesting tool. Let’s break down how the tool works...

Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out

1.12.2022
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposal left out two planned tax exemptions for green mining operations and the issue of segregating...

Italy to impose 26% capital gains tax on crypto profits

1.12.2022
The 26% capital gains tax will be imposed on cryptocurrency trading profits larger than 2000 euros ($2,062.3)

Italy Wants to Tax Crypto Gains at 26% From 2023

1.12.2022
The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and pay 14% on their holdings. Government in Italy...

EU Crypto, NFT Providers Must Report Tax Details Under Leaked EU Plan

30.11.2022
A draft bill seen by CoinDesk also covers stablecoins, crypto derivatives and companies outside the bloc

Xmas Crypto Price Prediction - Santa Claus Rally? Tax Loss Harvesting Dump?

27.11.2022
Traders often predict these two catalysts will drive crypto prices up or down in December - a 'Santa Claus rally' and tax loss harvesting. The two terms are older than cryptocurrency, commonly discussed by stock traders at the end of each financial year. Just how accurate are they for making...

Report: Kenyan Lawmaker Proposes Introducing Crypto Income and Capital Gains Tax

23.11.2022
According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the bill (if passed into law) would require crypto holders to furnish Kenya’s Capital Markets...

Kenya Proposes Bill to Tax Crypto

21.11.2022
The amendment could help Kenya's regulators govern digital currency transactions

News Summary: Nexo Sued in UK, FTX Japan to Resume Withdrawals by Year End, ConsenSys Partners with Celo

21.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: News Summary: Nexo Sued in UK, FTX Japan to Resume Withdrawals by Year End, ConsenSys Partners with Celo

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

21.11.2022
A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the applicable legislation. Advisory Board to Take...

Binance CEO: We Don’t See a Viable Business in India

21.11.2022
Binance CEO Changpeng Zhao (CZ) says India is currently not a viable business environment for his cryptocurrency exchange, citing a strict tax regime. The executive explained: “Binance goes to countries where regulations are pro-crypto and pro-business.” Binance’s CEO on Indian...