The “multi-million dollar” acquisition gives Austria-based Blockpit a footprint in the U.K.
EU Formally Agrees on New Crypto Tax Data Sharing Rules
The finalized rules, set to be published in the EU’s official journal, force crypto firms to report on customers’ holdings to be shared between tax authorities.
Taiwanese Crypto Trader’s 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery
Sometimes, being tax-compliant pays off.
South Koreans Hold $99B of Digital Assets Overseas: Tax Service
The crypto held in overseas accounts for about 70% of all assets held outside the country.
Why Wealth Managers Are Choosing These Crypto Accounts
Separately managed accounts have seen explosive growth in TradFi, and there are benefits in crypto, too.
Sweeping U.S. Tax Proposal Met With Boos From Crypto World
An immediate burst of criticism from the crypto industry shows the U.S. Treasury Department’s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings.
A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?
Crypto investors and their brokerages are waiting for a U.S. tax rule that will completely overhaul how they report their cryptocurrency taxes, but the government isn’t offering any straight answers about its holdup even as prominent lawmakers clamor for the Treasury Department to finish the job.
Crypto staking rewards are taxable once received: IRS
The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain “dominion” over the tokens.
IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens
A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue Service (IRS).
U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance
The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets.
Slovakian Crypto Tax-Cutting Bill Passes National Parliament
Lawmakers wanted to see a 7% rate for crypto held longer than a year
Japanese Crypto Issuers Won’t Pay Taxes on Unrealized Gains, Govt. Clarifies
Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.
Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways
India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they’ll survive the current bear market – here’s how.
EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows
Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens.
New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members
Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week.
Kenya considers tax on crypto, NFT transfers and online influencers
A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online.
3% Tax on Crypto Transfers Part of Kenya’s Proposed Budget: Bloomberg
Kenya’s Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year.
White House advisors renew push for 30% digital mining energy tax
The May 2 blog post by the White House’s Council of Economic Advisers (CEA) has already attracted strong criticism from the community.
White House Pushes for Punitive Tax on Crypto Mining
UK Crypto Tax Advisors Welcome Proposed Changes to DeFi Lending, Staking Treatment
The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.