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Nalezeno "US govt": 209

South Korean Gov’t to ‘Completely Review’ Crypto Tax Law


Source: HyunJun/Adobe The South Korean government says it will “completely re-examine” the “need” to tax crypto traders on their earnings. As things stand, traders are set to be taxed on their earnings from January 2025. But per News1, the government will “review” its stance on the taxation...

More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms


Source: dmitriy/Adobe Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot. Mainland China’s central bank, the People’s Bank of China (PBoC), wants to expand its CBDC’s cross-border applications. And it seemingly wants even more...

GOP Candidate Ramaswamy Would Reduce Govt Involvement in Crypto If Elected


GOP Candidate Vivek Ramaswamy Source: YouTube/NBC News The 2024 United States presidential candidate, Vivek Ramaswamy, has disclosed his plans to curb the Securities and Exchange Commission’s (SEC) control and government involvement in the crypto space if elected. In an exclusive interview with...

Russia Gov’t Wants to Use Its CBDC for Tax Collection, Paying Benefits


Russia’s government intends to use the digital ruble to make welfare payments, and wants citizens to use the CBDC to pay their taxes. Per Finam, the Central Bank and the Ministry of Finance say they are “exploring the possibility of using the digital ruble for government payments,” and want...

Major Japanese Businesses Ask Gov’t to Reform Crypto Tax System


Some of Japan’s biggest businesses have asked the nation’s government to make crypto tax reforms, as the country continues to pivot to Web3 and crypto. Per an official Japan Association of New Economy (JANE) announcement, the group has submitted a tax reform proposal to Tokyo. JANE has asked...

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