Taxes Financial News

01.04 / 06:33

Adoption Latin America Taxes Tax reduction Bitcoin El Salvador removes all taxes related to tech innovation for economic growth

El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the establishment of the National Bitcoin Office (ONBTC) of El Salvador, a.k.a. the Bitcoin office.

30.03 / 16:13

regulation Court Taxes Bitcoin Bitcoin profits are taxable in certain cases, says Denmark’s supreme court

The Justices of the Supreme Court of Denmark have handed down two judgements on whether the sale of Bitcoin (BTC) under certain circumstances qualifies as a taxable event.

28.03 / 00:11

Government Law regulation us government Congress Taxes Biden's policy on crypto taxation undermines his environmental goals

Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from the administration of United States President Joe Biden.

21.03 / 20:57

NFT regulation IRS Taxes Collectibles IRS calls for public feedback on taxing NFTs as collectibles

The United States Internal Revenue Service said it plans to release guidance on having nonfungible tokens, or NFTs, treated as collectibles under the U.S. tax code.

17.03 / 12:49

Adoption regulation Taxes UK government Crypto assets to become a separate category in the UK tax forms

As Great Britain is gradually moving to its own comprehensive crypto framework, the Treasury introduces a separate category for crypto assets into the tax return forms. The particular line should appear in the tax forms in 2024-25.

10.03 / 05:09

Ethereum Altcoin Developers Reddit Taxes Shiba Inu 'I anti-endorse these projects' — Buterin's shitcoin war sees him sent another 250K

Ethereum co-founder Vitalik Buterin's latest salvo against “shitcoins” has ended up with him simply being sent more of it.

10.03 / 01:51

Mining regulation Taxes Electricity Biden budget proposes 30% tax on crypto mining electricity usage

A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration's 2024 fiscal year budget.

09.03 / 17:15

regulation wallet Decentralized Exchange Taxes Bitcoin Regulation CoinTracker integrates with H&R Block to offer crypto tax preparation

Crypto tax software provider CoinTracker is integrating its software with H&R Block, a company that helps millions of customers prepare their income taxes across Canada, the United States and Australia.

09.03 / 07:19

regulation Trading Taxes Tax reduction reports Biden wants to double capital gains and clamp down on crypto wash sales: Reports

U.S. President Joe Biden’s upcoming budget proposal has a few surprises for crypto traders and investors, including a proposed doubling of capital gains for certain investors and a crackdown on crypto wash sales.

07.03 / 17:13

business regulation Investments Tokens Taxes tax breaks Thailand to offer tax breaks for investment token issuers

The government of Thailand is moving to benefit from the digital asset industry growth by allowing tax-free issuance of digital tokens for investment.

02.03 / 22:53

Law regulation MicroStrategy Taxes tax evasion Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing

The Office of the Attorney General for the District of Columbia in the United States is moving forward on a lawsuit against business intelligence firm MicroStrategy executive chair Michael Saylor related to tax evasion.

28.02 / 16:43

business IRS Taxes Mobile Payments Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season

Mobile payments processor Cash App has integrated crypto tax and accounting software TaxBit into its services, giving Bitcoin (BTC) holders a more streamlined approach to reporting their taxes.

15.02 / 16:25

Adoption education Activism Taxes Podcast Justice Financial Education is key to financial freedom, says Bitcoin advocate Najah Roberts

Can Bitcoin help Black Americans build wealth in a country that has historically and intentionally prevented them from doing so? The Agenda podcast recently sat down with Najah Roberts, a Bitcoin educator and entrepreneur, to explore the question.

12.02 / 09:23

business Ethereum regulation Banks Taxes Bitcoin Brazil’s oldest bank allows residents to pay off tax bill with crypto

Brazilian bank Banco do Brasil is offering a new and convenient option for taxpayers to settle their dues using cryptocurrencies.

06.02 / 11:11

business Binance defi regulation Taxes Crypto users Binance Tax launched to prepare crypto users for the tax season

For many countries, the tax season is right around the corner, which means companies in the crypto industry will need to be ready to help their users comply with local regulations.

04.02 / 17:19

business Government Law us government Taxes Bitcoin strategies Tax strategies allow crypto investors to offset losses

2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.

02.02 / 17:15

regulation Taxes How to Crypto What is crypto tax-loss harvesting, and how does it work?

Crypto tax planning can help optimize taxes by identifying opportunities to minimize tax liability on cryptocurrency transactions. For instance, donating cryptocurrency to a charitable organization can provide a tax deduction and also avoid capital gains tax on the donated assets.

02.02 / 17:05

Government regulation IRS us government Taxes Bitcoin Mind What crypto hodlers should keep in mind as tax season approaches

Filing taxes for cryptocurrency can be a confusing and daunting task for many individuals. The United States Internal Revenue Service (IRS) treats cryptocurrency as property subject to capital gains taxes. Knowing this appears to make filing crypto taxes simple, but crypto’s unique nature means there are many unanswered questions.

01.02 / 18:49

Adoption education Taxes Podcast Bitcoin Bitcoin advocate Najah Roberts explains why BTC is a tool for empowerment

If you ask 10 people what Bitcoin’s original purpose is, at least one person will say it’s meant to cut out the middleman, reduce the cost of transacting and empower those who might not have access to modern financial infrastructure.

01.02 / 13:13

Blockchain regulation Taxes Tax reduction National Here's why India held on to older crypto reforms in national budget 2023

Cryptocurrency and blockchain technology found no mention in India’s union budget for the year 2023, bringing down the hopes of millions of crypto holders in the country. Many in the Indian crypto community were hoping for some reduction to the high crypto tax, implemented in March 2022.

28.01 / 14:05

Adoption regulation IRS Taxes IRS reminds taxpayers of crypto income reporting ahead of 2022 filing

With the deadline approaching for filing the 2022 federal income tax return, the Internal Revenue Service (IRS) — an enforcement agency of United States federal tax laws — released a list of reporting requirements for the general public dealing with cryptocurrencies.

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