Senate talks regarding the controversial crypto provisions to the U.S. infrastructure bill have ended without amendment, suggesting the original bill will be voted on come Tuesday.
Some US lawmakers want Bitcoin miners to be exempted from proposed crypto taxes
Certain members of Congress want assurances that Bitcoin miners and crypto software developers will not be subject to the newly proposed tax rules.
Existing Indian law could impose 2% levy on crypto bought from offshore exchanges
Existing law in India could mandate a 2% levy on cryptocurrency purchases from offshore-based exchanges servicing India’s market.
Crypto couple tells court the IRS has no right to tax newly mined coins
Coins earned by staking have been “created” and are not taxable until sold according to one couple in the U.S.
South Korean Bitcoin miners can deduct electricity costs from crypto tax filings
Crypto miners will be able to deduct electricity costs as business expenses when filing cryptocurrency taxes starting in 2022.
Court orders Kraken to provide information on user transactions to the IRS
A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS.
Survey shows South Koreans support crypto tax law
More than half of the survey respondents favored the controversial crypto tax law in South Korea.
South Korean Prime Minister nominee to look into controversial crypto tax law
South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county.