Taxes Financial News

14.06 / 13:58

business Adoption Taxes Bitcoin Taxes of top concern behind Bitcoin salaries, Exodus CEO says

Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday.

06.06 / 08:01

Blockchain Taxes Bitcoin crypto volatility Australian Australian Mayor downplays crypto volatility, recommends it for rates payments

Tom Tate, the Mayor of Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent market crash as a cause for concern.

26.05 / 12:17

Government Taxes Bitcoin Portugal's Assembleia da Republica says no to two crypto tax bills

The Portuguese congress, Assembleia da Republica, has rejected two bills that would have imposed a tax on cryptocurrencies.

17.05 / 04:19

regulation Taxes Portugal to lose crypto tax haven status as state announces gains duties

To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date.

16.05 / 09:47

Government regulation Taxes Australian Crypto capital gains one of four key areas for Australian Tax Office

The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022.

04.05 / 07:55

regulation Taxes South Korea's new president delays crypto taxes in favor of consumer protections

South Korea’s newly-elected president Yoon Seok-yeol announced Tuesday he would push to defer taxation on crypto investment gains at least until a new set of regulations called the Digital Asset Basic Act is enacted.

03.05 / 14:15

Law regulation Taxes Bitcoin crypto framework Framework Uzbekistan's president issues decree to adopt special crypto framework

The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry.

26.04 / 13:33

business Adoption Taxes Terra Koinly Crypto tax calculator Koinly integrates Terra into its platform

Crypto tax calculation platform Koinly added Terra (LUNA) wallet support to make tax calculation easier for LUNA holders as the Canadian tax report deadline draws near.

25.04 / 19:23

Law regulation Taxes ECB regulatory ECB needs 'globally coordinated regulatory action' on crypto, says official

European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks.

25.04 / 13:41

regulation Africa Taxes The Central African Republic reportedly passes a bill to regulate crypto use

The Central African Republic (CAR) has become the center of a hot buzz in the crypto world amid various reports of it adopting Bitcoin (BTC) quite similar to El Salvador. However, contrary to popular headlines, the African nation has not adopted BTC as a legal tender, instead, it has reportedly legalized the use of cryptocurrencies in the financial markets.

23.04 / 05:19

Government Adoption Taxes The new HM Treasury regulations: The good, the bad and the ugly

As the 2021-2022 United Kingdom tax year finished on April 5, 2022, Her Majesty's Treasury announced they were paving the way for the U.K. to become a global crypto asset technology hub. This could mean that the previously not particularly crypto-friendly U.K. is changing its strategy and trying its hand at making crypto investments more attractive. But what are the potential scenarios at play?

21.04 / 22:31

Government regulation Taxes Caribbean Bahamian government hopes to allow residents to pay taxes with digital assets in 2022

Residents of the archipelago nation, the Bahamas, may soon be able to use digital assets including the world’s first central bank digital currency, or CBDC, to pay for taxes.

20.04 / 15:19

Law Taxes foreign Tax Authority Russian tax authority proposes using crypto as a foreign trade payment tool

Russia's Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally.

20.04 / 13:51

Law Taxes Russia to include crypto into its tax code: Here is what the rules might look like

In the last few months, the standoff between the Central Bank of Russia (CBR) and the country’s Ministry of Finance over crypto regulation has become the key regulatory plot for the Russian crypto community to follow. Simultaneously, however, another important legislative development has been unfolding somewhat under the radar: negotiations around tax code amendments that would make cryptocurrencies a taxable asset class. Here’s how it went down so far.

14.04 / 16:15

business Taxes Bitcoin Crypto wallet firm Ledger integrates tax solution to simplify reporting

Major cryptocurrency hardware wallet provider Ledger is moving to help crypto investors keep track of their taxes by integrating a new crypto tax-related solution.

03.04 / 05:15

Blockchain Technology Adoption Taxes Future Crypto assets for liquid democracy: The future of public finance

Power historically shifts from governments to people. Democracy is the product of revolution and disruptive innovation by those who abhor the elitism of aristocracy and monarchy, who fear the single-mindedness of theocracy, and who see the impracticability of communism. More than ever before, governments represent fairer and more trustless social contracts. How do we merge the rule of law with “code is law,” and can we have both?

01.04 / 21:45

regulation Taxes Indonesia to impose 0.1% crypto tax starting in May: Report

The Indonesian government is reportedly planning to charge a 0.1% capital gains tax on crypto investments as well as a value-added tax, or VAT, on digital asset transactions starting from May 1.

31.03 / 12:53

regulation Taxes 30% crypto tax becomes law in India following Finance Bill approval

The Indian Finance Bill 2022 with new 30% crypto tax rules was approved by the Rajya Sabha, the upper house of the Indian parliament, to make it a law today that will come into effect starting on April 1.

29.03 / 00:17

regulation white house Taxes Crypto tax rules will reduce US budget deficit by $11B over ten years — White House

The United States government’s budget for the 2023 fiscal year included roughly $11 billion in revenue over the next decade from modernizing rules around digital assets.

25.03 / 20:11

Government regulation Taxes lawmakers Framework Crypto tax policy framework passes India's parliament despite pushback from lawmakers

A tax framework on cryptocurrencies introduced by India’s Finance Minister Nirmala Sitharaman will become law in the country after being passed as an amendment to the Finance Bill.

23.03 / 20:47

Government Law Taxes Proposal for crypto tax policy in India will go to parliament on March 24

A tax proposal on crypto from India’s Finance Minister Nirmala Sitharaman may be closer to becoming law as the country’s lower house of parliament is scheduled to consider the legislation on Thursday.

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