Tag: taxation

May 23 2022

Portugal: What Fixing the Legal Loophole on Crypto Means for Traders and Investors

Not so long ago, Portugal was being applauded as being one of the world’s top destinations for cryptocurrencies. The European country which allowed crypto investors, traders and enthusiasts alike t...

May 03 2022

India Considering 20% Tax on DeFi on Top of 30% Tax on Gains

Reports have emerged saying that the Indian tax department is considering imposing an additional 20% tax deducted at source on DeFi, as well as an equalization levy. India already imposes a 30% tax on crypto gains and an additional 1% tax deducted at source. Other countries are also looking at exerting control over DeFi, but no effective measures have been implemented yet. The...

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...

Dec 30 2021

Top 5 Cryptocurrency Tax Software

One of the most important hindrances whilst trading in cryptocurrencies is evaluating taxes around cryptocurrency assets and profits. This post is all about the top 5 cryptocurrency tax software. Cryptocurrency has made a notable modification in the life of many people. For example, Bitcoin is illegal in...

Dec 29 2021

What Is Crypto Tax And Crypto Regulation?

The global adoption of cryptocurrencies continues to rise, as digital assets have proven that they are here to stay. The rise of its fortunes and popularity continues to be a good thing. There seem to be some issues surrounding the growth of the space. One of such issues is Crypto Tax and Regulation. The financial regulators of many nations are still struggling to...

Nov 27 2021

NFTs In A Nutshell: A Weekly Review

Despite the holiday week, NFTs still found plenty of headlines this week, as we close out November. Musician's engagement was a particular focus this week, as a number of different artists announced or released projects this past week. Meanwhile, at a 30,000 foot view, countries across the globe continue to have their own respective battles about taxation of NFTs. We're looking at some...

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...

Oct 16 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 7, P. 2: Inflation)

Let’s focus. If we do, we can finish our analysis of Saifedean Ammous’ “The Bitcoin Standard” this century. The rest of this chapter is all about inflation, the buzzword of the last few months. As the whole world is feeling the effects of something that’s day-to-day life for small economies, people in privileged countries are curious about why their purchasing power decreases every...

Jun 23 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 5, Part 1: Time Preference)

The time has come, book lovers. The time to discuss “time preference,” a key concept that will help you make sense of the world around us. If you already own BTC, you know how it changes your priorities and makes you a more measured individual, focused on the future. The whole “...

Jun 06 2021

Day TWO: Key Quotes And Ideas From Of The Bitcoin 2021 Conference In Miami

The Bitcoin 2021 conference is over. The lessons remain. This time, they turned off the livestream’s chat. An elegant solution. A wasted opportunity, the virtual community couldn’t gather around the fire. But hey… much better than watching robots pushing low-quality projects non-stop. And it was easier to focus on the presenter’s words. Still, it felt like something was amiss....

Apr 23 2021

Why is the Crypto Market Down? The Answer will SHOCK you!

As the crypto selloff is happening since last week, crypto investors were all shocked by major news coming straight from the US. The entire cryptocurrency market fell more than 12%, and the market capitalization fell below the USD 2 trillion marks. The first sell-off was related to a normal price adjustment, as the crypto market went way high for an extended...

Mar 18 2021

Ernst & Young Launches Cryptocurrency Tax Calculator

The move aims to resolve tax dilemma since it produces a variety of tax filing formats that the IRS requires.

Mar 03 2021

Cryptocurrency Startup TaxBit Raises $100 Million for Global Expansion

The US-based crypto taxation startup is focusing on the mainstream adoption of digital assets.

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