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Crypto Exchange Wants to See India Lower Tax on Trading

[Oct 30, 2023 2:30 AM] Indian government should lower a tax on crypto transactions as it’s not fulfilling its stated purpose, a local cryptocurrency exchange said. The company blames the levy, which was introduced last year, for driving Indian crypto trading volumes to…

Hungarian Authorities Seize Crypto Worth $1M in Tax Fraud Case

[Sep 23, 2023 12:00 AM] Hungarian authorities have seized cryptocurrency worth over $1 million from a criminal organization in a value-added tax (VAT) fraud case. The authorities raided 28 locations, arrested three suspects, and seized various assets tied to the group…

IRS probes crypto traders using Puerto Rico tax breaks: Report

[Jul 12, 2023 6:54 PM] “The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime.

Slovakian Lawmakers Pass Amendment Lowering Cryptocurrency Taxation

[Jun 29, 2023 11:00 AM] Lawmakers in Slovakia have approved new legislation, with a resounding 112-2 vote in favor, aimed at reducing taxes associated with the sale of crypto or digital assets. In addition to the aforementioned tax-cutting law, members of the National…

Kenyan Central Bank Governor Says Stance on Crypto Not Driven by Personal Views

[Jun 3, 2023 11:30 PM] Patrick Njoroge, the outgoing governor of the Kenyan central bank, recently said the bank’s policy on crypto assets is not driven by personal views but is founded on the “wealth of information that is in the central bank.”…

Is MetaMask withholding customers’ crypto for taxes? No, it’s not

[May 21, 2023 6:47 PM] The parent company behind the crypto wallet MetaMask has debunked "inaccurate" rumors that it is collecting tax on crypto transactions.

Kenya considers tax on crypto, NFT transfers and online influencers

[May 4, 2023 7:41 PM] A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online.

Crypto Payroll Company Franklin Closes $2.9M Seed Round

[Apr 4, 2023 5:00 AM] The payroll company is the second skunkworks project developed internally at boutique Web3 marketing firm Serotonin, founded by Ethereum mainstay Amanda Cassatt.

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%

[Mar 10, 2023 11:30 AM] On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion…

Is The Crypto Industry Ready For Tax Regulation? Survey Shows

[Feb 8, 2023 4:30 PM] For federal tax purposes, crypto assets are treated as property, which could be counterproductive for investors in the United States. Although digital assets are a relatively new type of investment, the Internal Revenue Service (IRS) in this…

Leading Crypto Tax and Accounting Provider Ledgible Unveils New Design

[Jan 16, 2023 12:00 PM] PRESS RELEASE. Ledgible, the leading digital asset tax and accounting solution for institutions, professionals, and investors unveils a newly revamped website and interface. Users can now quickly explore the company’s various digital asset…

Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions

[Dec 5, 2022 5:30 AM] A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to…

Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals

[Nov 12, 2022 1:30 AM] The European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expected to start next year with the aim to end the…