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Detroit residents will be able to pay taxes with crypto from mid-2025
8.11.2024
Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels
Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal
7.11.2024
Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit’s Office of the Treasury
Kenya Collects Over $77M in Taxes From 384 Crypto Traders
6.11.2024
The Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto Taxes The Kenyan government collected $77.5 million (10 billion shillings) in taxes from cryptocurrency traders during the 2023-24 financial year...
IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns
2.11.2024
Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service (IRS) issued a memorandum in October, addressing...
Italy’s finance minister defends 42% crypto capital gains tax plan
31.10.2024
Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes
Italy’s finance minister defends 42% crypto capital gains tax plan
31.10.2024
Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes
Brazilian Central Bank Considers Taxing Stablecoin Remittances
31.10.2024
The stablecoin boom in Brazil has caught the attention of the central bank, which is currently exploring several ways to tax stablecoin remittances, including issuing a special license for crypto exchanges that provide these services. Central Bank of Brazil Explores Tax on Stablecoin-Based...
Michael Saylor posts fake quote from Trump on crypto to 3.6M followers
30.10.2024
Donald Trump said nothing about changing tax laws for Americans using Bitcoin to buy coffee but has suggested eliminating federal income tax
Former President Trump floats idea of eliminating federal income tax
27.10.2024
According to the most recent Polymarket odds, the former President currently has a 65% chance of winning the Presidential election
Former President Trump floats idea of eliminating federal income tax
27.10.2024
According to the most recent Polymarket odds, the former President currently has a 65% chance of winning the Presidential election
Former President Trump floats idea of eliminating federal income tax
27.10.2024
According to the most recent Polymarket odds, the former President currently has a 65% chance of winning the Presidential election
Trump’s No-Income-Tax Vision: What America Looked Like Without Income Taxes
25.10.2024
In a lively exchange on Fox & Friends this week, former U.S. President Donald Trump floated an intriguing idea: doing away with income taxes entirely. ‘There is a Way’: Trump’s Nostalgic Call for Ending Income Taxes During the television segment, Donald Trump took a nostalgic...
Binance exec leaves Nigeria after authorities drop final charges
24.10.2024
After eight months’ detainment in Nigeria and court delays, Binance’s head of financial crime compliance, Tigran Gambaryan, is heading home for medical treatment
A New Fed Working Paper Aims to Rein in Bitcoin With Taxes or Prohibition—Here’s Why It’s Flawed
21.10.2024
In a working paper, Amol Amol and Erzo G.J. Luttmer from the Federal Reserve Bank of Minneapolis argue that prohibiting bitcoin or imposing specific taxes could help governments implement permanent primary deficits effectively. Their research explores the impact of bitcoin on fiscal policies...
Japan political party leader promises crypto tax cuts if elected
21.10.2024
The tax cut down to 20% is part of Democratic Party for the People leader Yuichiro Tamaki’s broader plan to make Japan a Web3 leader
Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed
21.10.2024
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits
Italy Targets Bitcoin With Capital Gains Tax Hike as EU Prepares for MiCA Regulations
17.10.2024
Italy plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor. This comes as the European Union prepares to implement its Markets in Crypto-Assets...
Italy to raise capital gains tax on Bitcoin from 26% to 42%
16.10.2024
In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold
Crypto staking Jarretts again sue IRS over block reward taxes
11.10.2024
A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid.
UAE Introduces Retroactive VAT Exemptions for Crypto Transactions
7.10.2024
The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must carefully evaluate their tax positions, especially...