Tag: crypto taxes

Jul 26 2022

Crypto Tax Exemption Proposed By U.S. Senators For Trades Under $50

Summary: A crypto tax bill was introduced in the U.S. Senate. The proposal is championed by lawmakers from both the Democratic and Republican parties. A de minimis exemption for crypto transactions under $50 forms the core of the bill, per reports. The exemption could nullify otherwise mandatory capital gains taxes for such small transactions. CoinDesk noted that the proposal could face a long...

Jul 20 2022

Reasons Why U.S. Authorities Are Challenged to Legalize Bitcoin Casino Transactions

Bitcoin gambling sites are quickly gaining popularity for a few different reasons. For instance, the development of provably fair algorithms has made it possible for players to ensure that games are not rigged. Despite this technical progress, bitcoin gambling is either...

Reasons Why U.S. Authorities Are Challenged to Legalize Bitcoin Casino Transactions

Bitcoin gambling sites are quickly gaining popularity for a few different reasons. For instance, the development of provably fair algorithms has made it possible for players to ensure that games are not rigged. Despite this technical progress, bitcoin gambling is either illegal or heavily...

Jul 05 2022

1% Crypto Tax Sucks Out Trading Volume On Major Indian Exchanges

Crypto tax in India triggered massive downturns in trading volume on exchanges like CoinDCX, WazirX, and ZebPay.

Jun 02 2022

[Updated] Koinly Review: Cryptocurrency Tax Software for Automatic Tax Reports

Koinly is an online crypto tax platform that allows you to monitor all your crypto activities and generate regulatory compliant tax reports. Koinly allows you to integrate your wallets and keep track of activities including trading, mining, staking, lending, and airdrops and simplifies the process of recording all the ins and outs. Koinly can be [...] The post Koinly Review: Cryptocurrency Tax Software...

May 12 2022

Germany Announces Crypto Gains To Be Tax-Free

May 12 2022 Published at CoinCentral under tags  crypto crypto taxes news taxes

Amidst the widespread adoption of cryptocurrencies, regulations presented a huge roadblock. While other countries try to find a way in their favor, Germany seems to be embracing it with open arms as per the latest guidelines issued by the Federal Finance Ministry (BMF). Germany Makes Crypto Tax-Free The...

Apr 24 2022

[Updated] Koinly Review: Cryptocurrency Tax Software for Automatic Tax Reports

Koinly is an online crypto tax platform that allows you to monitor all your crypto activities and generate regulatory compliant tax reports. Koinly allows you to integrate your wallets and keep track of activities including trading, mining, staking, lending, and airdrops and simplifies the process of recording all the ins and outs. Koinly can be [...] The post Koinly Review: Cryptocurrency Tax Software...

Apr 11 2022

India’s Rigid 30% Crypto Tax Policy Triggers Trading Volume Downtrend

Digital currency exchanges in India recorded significant dips in trading volumes in April so far The news comes after the country’s controversial tax policies went into effect on Friday, April 1 Crypto proponents have surmised that transaction volumes could remain low as long as the stifling tax rules remain According to on-chain data provider Crebaco, crypto exchanges in India have experienced a massive...

Mar 28 2022

Why Biden’s Hostile Tax Proposal Threatens Crypto Investors

Mar 28 2022 Published at Bitcoinist.com under tags  biden crypto news crypto taxes taxes

Crypto investors could tumble if Biden's expected proposal for a minimum 20% tax on unrealized gains were to pass Congress. The harsh “eat the rich” measure has been described as unworkable and unconstitutional by many experts. The “Billionaire Minimum Income Tax” would target U.S. households worth more than $100 million and assess a 20% minimum tax rate on both income and unrealized capital...

Mar 25 2022

30% Crypto Tax Framework Approved by Indian Parliament

India’s parliament has approved a bill that imposes fines on cryptocurrency transactions. The bill comes shortly after taxation authorities introduced a hefty 30% capital gains tax on digital asset transactions. Regulators will implement the policy from April 1, 2022. According to reports released on Friday, Indian legislators have approved a policy geared towards imposing taxation laws on cryptocurrency transactions. The bill championed by...

Mar 21 2022

Indian Government Could Be Taxing Crypto As Much as 60%

The Indian government is considering classifying crypto under its Goods and Services Tax (GST). If it does, crypto could experience a 28% tax rate similar to casinos, betting, and gambling, on top of its GST and TDS taxes Meanwhile, crypto companies are considering leaving the country because of the tax rate. Reports from local media outlets indicate that the Indian government may impose...

Mar 15 2022

[Updated] Best Cryptocurrency Tax Software: Complete Guide to the Top Options

The rise of the cryptocurrency industry, alongside the high profits that people can earn through the purchase, trade, and investment of digital currencies have encouraged governments throughout the world to update their taxation policies, in order to take crypto-based profits into account. However, cryptocurrencies are very dynamic, whereas keeping track of all transactions for taxation [...] The post Best Cryptocurrency Tax Software: Complete...

Feb 08 2022

[Updated] Best Cryptocurrency Tax Software: Complete Guide to the Top Options

The rise of the cryptocurrency industry, alongside the high profits that people can earn through the purchase, trade, and investment of digital currencies have encouraged governments throughout the world to update their taxation policies, in order to take crypto-based profits into account. However, cryptocurrencies are very dynamic, whereas keeping track of all transactions for taxation [...] The post Best Cryptocurrency Tax Software: Complete...

[Updated] Koinly Review: Cryptocurrency Tax Software for Automatic Tax Reports

Koinly is an online crypto tax platform that allows you to monitor all your crypto activities and generate regulatory compliant tax reports. Koinly allows you to integrate your wallets and keep track of activities including trading, mining, staking, lending, and airdrops and simplifies the process of recording all the ins and outs. Koinly can be [...] The post Koinly Review: Cryptocurrency Tax Software...

Dec 29 2021

[Updated] Best Cryptocurrency Tax Software: Complete Guide to the Top Options

The rise of the cryptocurrency industry, alongside the high profits that people can earn through the purchase, trade, and investment of digital currencies have encouraged governments throughout the world to update their taxation policies, in order to take crypto-based profits into account. However, cryptocurrencies are very dynamic, whereas keeping track of all transactions for taxation [...] The post Best Cryptocurrency Tax Software: Complete...

[Updated] Koinly Review: Cryptocurrency Tax Software for Automatic Tax Reports

Koinly is an online crypto tax platform that allows you to monitor all your crypto activities and generate regulatory compliant tax reports. Koinly allows you to integrate your wallets and keep track of activities including trading, mining, staking, lending, and airdrops and simplifies the process of recording all the ins and outs. Koinly can be [...] The post Koinly Review: Cryptocurrency Tax Software...

Aug 07 2021

[Updated] Best Cryptocurrency Tax Software: Complete Guide to the Top Options

The rise of the cryptocurrency industry, alongside the high profits that people can earn through the purchase, trade, and investment of digital currencies have encouraged governments throughout the world to update their taxation policies, in order to take crypto-based profits into account. However, cryptocurrencies are very dynamic, whereas keeping track of all transactions for taxation [...] The post Best Cryptocurrency Tax Software: Complete...

Koinly Review: Cryptocurrency Tax Software for Automatic Tax Reports

Koinly is an online crypto tax platform that allows you to monitor all your crypto activities and generate regulatory compliant tax reports. Koinly allows you to integrate your wallets and keep track of activities including trading, mining, staking, lending, and airdrops and simplifies the process of recording all the ins and outs. Koinly can be [...] The post Koinly Review: Cryptocurrency Tax Software...

Mar 12 2021

A $69 Million NFT

PLUS: Could EIP 1559 Cause a Fork? NFTs continued to catch the crypto industry’s imagination this week, as headlined by Beeple’s “Everydays” sale at Christie’s Auction House in New York. The cliche goes that a picture is worth a thousand words, although, with the latest sale of the “Everydays” NFT, we may have to readjust our math now that we know 5,000 images...

Mar 04 2021

[Updated] Best Cryptocurrency Tax Software: Complete Guide to the Top Options

The rise of the cryptocurrency industry, alongside the high profits that people can earn through the purchase, trade, and investment of digital currencies have encouraged governments throughout the world to update their taxation policies, in order to take crypto-based profits into account. However, cryptocurrencies are very dynamic, whereas keeping track of all transactions for taxation [...] The post Best Cryptocurrency Tax Software: Complete...

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