Tag: crypto tax

Nov 25 2021

South Korea Financial Regulator May Impose Tax On NFTs

Amid the ongoing controversy surrounding virtual asset taxation in the country, South Korea's Financial Authority recently proclaimed non-fungible tokens (NFT) as taxable. On Tuesday, The Financial Services Commission (FSC) of South Korea, announced that it would start taxing NFTs. According to The Korea Herald, from January next year, this tax law amendment would impose a 20% tax on...

Nov 22 2021

Argentina introduces a crypto tax regime on back of El Salvador’s Bitcoin story

Countries around the world are now waking up to how the crypto space could play a pivotal role in their wider economic life as a number of them are now introducing taxes for the space. The latest country to implement a tax regime for the space is Argentina whose authorities released an...

Nov 19 2021

This Country is promoting Crypto businesses, but here is the Catch

Nov 19 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The government of Laos issued exclusive crypto regulation guidelines this Tuesday, encouraging cryptocurrency mining operations and trading platforms in the nation, but assuring that the government also benefits from the industry. While attempting to pull off a rather commercial move as something charitable, Laos' Minister of Technology and Communications, Dr. Boviengkham Vongdara backed the new The post This Country is promoting Crypto businesses,...

Nov 06 2021

House Passes $1 Trillion Infrastructure Bill; Implications For U.S. Crypto Community

The U.S. House of Representatives, on Friday, passed the $1.2 trillion bipartisan infrastructure bill. With a final vote of 228-206, thirteen Republicans voted with the majority of Democrats in favor of the bill. Although, six Democrats voted against it. After hours of deliberation, the bill now heads to President Joe Biden's desk to be signed into law. If signed, it would introduce new...

Oct 27 2021

Slovenian government calls for public discussion regarding nation’s crypto tax policy

Oct 27 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Amid the ongoing wave of the global crypto crackdown, governments across the globe have been receiving considerable backlash from the community for imposing unrealistic taxation laws on crypto assets. However, in the latest update, Slovenia saw the Ministry of Finance send a bill regarding the tax on virtual currencies for public discussion this Tuesday by The post Slovenian government calls for public discussion...

Oct 20 2021

Sep 09 2021

Aug 25 2021

Crypto Cards Arrive In Australia. What Are The Tax Implications?

The ability to spend crypto as easily as one might spend traditional fiat currency has long been sought after by many. The rise of new crypto cards in Australia promises users the luxury of spending their digital assets as they would traditional currency. This could arguably close one of the last significant gaps between decentralized currency and fiat currency. Related Reading |...

Aug 10 2021

Ted Cruz says crypto got ‘screwed’ after senate votes on infrastructure bill

In an occurrence with effects yet to be fully determined, US democrats have objected to moves to make further amendments to the crypto tax provision in the infrastructure bill. Senator Cruz reflects on crypto bill provision Ted Cruz, the lawmaker representing Texas at the United States Senate, revealed this in a tweet on Monday....

Aug 09 2021

Controversial U.S. Crypto Tax Reporting Bill Still Being Debated

Senators in the United States have been grappling with the wording in legislation that could affect a controversial cryptocurrency tax reporting bill. According to reports, several U.S. Senators have been negotiating over the amendment of a cryptocurrency tax reporting provision of the Infrastructure Investment and Jobs Act....

Aug 03 2021

U.S. Lawmakers Narrow US Infrastructure Bill Requirements For Crypto Tax Reporting

Aug 03 2021 Published at Bitcoinist.com under tags  bitcoin crypto tax news us lawmakers

According to reports, authorities in the United States have narrowed the scope of the proposed bipartisan infrastructure bill, which was originally designed to generate at least $28 billion in crypto tax from the country's crypto investors to cover the $500 billion they plan to spend on infrastructure development. U.S. Lawmakers Soft-pedal On Crypto Tax The Senate's bipartisan infrastructure bill has been modified to...

Jun 15 2021

Kazakhstan Could Soon Introduce A Tax On Crypto Mining Operations

Crypto mining has been a hot topic of discussion at this stage, and with China cracking down on local miners, Kazakhstan has emerged as the next big destination for crypto miners. With a major influx of crypto miners over the last...

Jun 08 2021

Cryptocurrency Tax in the UK: Here’s What You Need to Know

Jun 08 2021 Published at Blockonomi under tags  crypto tax crypto tax uk regulation tax

Cryptocurrencies are in the news again. The recent rises (and falls) in value and the interest shown by some high net worth individuals and companies have generated many discussions and column inches. Be it investment opinions, short or long term strategy, or tax advice. Whilst many articles focus primarily on Bitcoin these comments are relevant [...] The post Cryptocurrency Tax in the UK:...

Jun 03 2021

U.S. President Joe Biden Calls for Stricter Tax Evasion Regulations For Global Crypto Investors

Global cryptocurrency investors active in the U.S. market or on the U.S. exchanges are going to have a tough time dealing with the regulators. In the latest development, the Joe Biden administration has proposed to collect data of foreign crypto investors active in the U.S. market. The U.S. government is reportedly mulling a move for The post U.S. President Joe Biden Calls for...

May 11 2021

Just In: Hungary to Reduce Tax on Crypto Gains by 50%

Hungary is going to cut the tax rates on crypto earnings by 50% starting next year in a bid to boost crypto adoption and use in the country. The announcement was made by the Mihály Varga, Minister of Finance earlier today. *HUNGARY TO CUT TAX ON CRYPTOCURRENCY EARNINGS BY 50% FROM 2022 -- *Walter Bloomberg The post Just In: Hungary to Reduce Tax...

Apr 27 2021

Indonesian Regulators Planning For a ‘Crypto-Tax’ Amid Rising Popularity and Demand

The Indonesian Commodity Futures Trade Regulatory Agency (Bappebti) is reportedly planning to impose a crypto transaction tax amid the growing popularity of digital currencies this bull season. The regulatory body is planning to impose a type of final income tax (PPh Final) that would be levied by all 13 cryptocurrency exchanges registered with the regulatory The post Indonesian Regulators Planning For a 'Crypto-Tax'...

Jan 06 2021

U.S. Citizens May Have to Report Off-Shore Crypto Holdings As per Latest FinCEN Notice

Jan 06 2021 Published at Coingape under tags  btcbrl btcbusd btceur btcgbp btcjpy

Latest notice from FinCEN intends to subject digital...

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