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India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions
1.2.2022
The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these...
Thailand scraps 15% crypto capital gains tax following public backlash
1.2.2022
The Thai Revenue Department had initially intended to tighten oversight of cryptocurrency trading after seeing substantial market growth
India Sends Crypto Legalization Signs With Tax Plans, WRX Skyrockets
1.2.2022
In another turn of events involving India’s crypto policy, the country’s Finance Minister Nirmala Sitharaman has proposed to tax gains from crypto transfers at a 30% rate, with no deductions to be allowed. Moreover, the country’s central bank digital currency (CBDC), the digital rupee, is to...
India to introduce 30% crypto tax, digital rupee CBDC by 2022-23
1.2.2022
Finance minister Nirmala Sitharaman believes the introduction of a CBDC will provide a “big boost” to India's digital economy
Bitcoin Gets More Investments, Ethereum - Less, Thailand Scraps Crypto Tax + More News
31.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Bitcoin Gets More Investments, Ethereum - Less, Thailand Scraps Crypto Tax + More News
Cryptsy CEO Indicted for Defrauding Crypto Investors, Destroying Evidence
28.1.2022
The CEO of cryptocurrency exchange Cryptsy has been indicted in the U.S. The 17-count indictment charges the crypto exchange executive with “tax evasion, wire fraud, money laundering, computer fraud, tampering with records, documents, and other objects, and destruction of records in...
IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’
28.1.2022
A special agent with the Internal Revenue Service (IRS) says the tax agency is “seeing mountains and mountains of fraud” in the cryptocurrency space. The IRS criminal investigation unit is trying to train all of its agents on crypto and non-fungible token (NFT) issues because...
Changes in Crypto Lending, Investors Bet on Crypto Tax Services, NASA vs. NFTs + More News
27.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Changes in Crypto Lending, Investors Bet on Crypto Tax Services, NASA vs. NFTs + More News
Romania, Latvia Mull Changes To Crypto Regulations, Taxes
27.1.2022
Romania and Latvia are among the latest European countries to launch analytical work on updating their respective regulations for the cryptoasset and blockchain industry. In Romania's case, this could potentially mean increasing national taxes on crypto-related operations and transactions....
Crypto tax calculator CoinTracker valued at $1.3B following $100M raise
27.1.2022
Crypto tax reporting was a contentious topic in the U.S. last year as Congress passed the Infrastructure Investment and Jobs Act
IRS Says It Is Fighting ‘Mountains’ of Crypto & NFT ‘Fraud’ and Celebrity Shills
27.1.2022
The United States tax body, the Internal Revenue Service (IRS), says it believes the crypto and non-fungible token (NFT) space is beset with “fraud” – and has warned that celebrities promoting crypto on social media could face probes....
Read More: IRS Says It Is Fighting ‘Mountains’ of Crypto...
NFL star's massive tax bill highlights problems with BTC salaries
26.1.2022
Odell Beckham’s reported BTC salary tax debacle may provide a dire warning for anyone looking to get paid in crypto
Zimbabwe Signs Agreement Enabling Collection of Taxes From Crypto and E-Commerce Entities
23.1.2022
The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers. Zimbabwe’s Stance on Crypto The Zimbabwean government recently said it had entered into an agreement with the British...
Crypto Tax Trends in 2022: Increased Reporting, Updated Rules, and a Wealth Tax Debate
23.1.2022
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Crypto isn’t a secret anymore, and nowhere is this more apparent than in the concerted efforts of various governments to make sure crypto traders pay taxes on their gains. 2021 saw an increasing movement towards the creation of taxation regimes for crypto, and 2022 might see more...
Indian Government Needs More Time to Finalize Crypto Bill: Report
21.1.2022
Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build...
Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions
20.1.2022
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential...
South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban
19.1.2022
The new year is off to a flying start for South Korea’s crypto community – who will likely have plenty to celebrate after March’s presidential elections....
Read More: South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban
Crypto Anonymity Must End, States Top Russian Policymaker
18.1.2022
The Chairman of the State Duma (the Russian parliament)’s Committee on Financial Markets Anatoly Aksakov has insisted that crypto users in the country should be unmasked – and that crypto anonymity should become a thing of the past....
Read More: Crypto Anonymity Must End, States Top Russian...
Rio De Janeiro to Invest 1% of Its Treasury in Cryptocurrency
16.1.2022
Rio de Janeiro, one of the largest cities in Brazil, will invest part of its Treasury in cryptocurrencies. The announcement was made by the mayor of Rio, Eduardo Paes, during Rio Innovation Week. The plan is to turn the city into a cryptocurrency-friendly hub, and there are other tax incentives...
Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments
14.1.2022
Brazil’s former capital city, Rio de Janeiro, might start holding crypto in its treasury, its Mayor has revealed.
According to the newspaper O Globo, Mayor Eduardo Paes made the announcement during an event also attended by another pro-crypto mayor, Miami’s Francis Suarez. The duo were speaking...