4 / 8 Relevant items tagged with #Taxes

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Crypto data platform Glassnode sells Bitcoin tax software to Blockpit

[Nov 7, 2023 1:00 AM] After acquiring the crypto tax platform Accointing in October 2022, Glassnode is selling the business to focus on DeFi and institutional offerings.

5 nations challenge crypto experts and investigators to target tax crimes

[Nov 3, 2023 3:27 AM] The J5 generates significant leads through events, which, in the past, has helped uncover multimillion-dollar crypto Ponzi schemes, such as the BitClub Network.

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…

IRS extends comments period for new crypto tax rule to mid-November

[Oct 25, 2023 2:02 AM] The proposed rules are supposed to come into effect in 2026, impacting sales and exchanges conducted in 2025.

IRS proposes unprecedented data-collection on crypto users

[Oct 23, 2023 12:01 PM] The IRS is looking to require crypto service providers to collect unprecedented swaths of data about their users — including names and Social Security numbers.

Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms

[Oct 19, 2023 5:30 AM] New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation…

IRS crypto tax reporting rules threat to industry — Coinbase legal chief

[Oct 19, 2023 2:27 AM] The IRS proposed the new crypto tax reporting rules in August, and if approved, the new crypto tax regime will come into effect from January 2026.

Council of the EU adopts DAC8 crypto tax reporting rule

[Oct 18, 2023 2:50 AM] The eighth iteration of the Directive on Administrative Cooperation was formally adopted by the Council of the European Union.

US lawmakers urge IRS to implement crypto tax reporting requirements before 2026

[Oct 11, 2023 3:45 PM] The crypto tax reporting requirements proposed by the IRS in August are currently scheduled to go into effect in 2026 — according to 7 senators, that isn't soon enough.

CBDC will improve tax collection — Argentine central banker

[Oct 5, 2023 3:03 AM] Juan Agustín D’Attellis Noguera publicly supported Sergio Massa in promoting a central bank digital currency as a remedy for the national economy.

Kazakh crypto miners plead with President to cut energy prices

[Oct 3, 2023 3:40 AM] Eight major cryptocurrency mining operators signed an open letter to the President of Kazakhstan, Kassym-Jomart Tokayev.

Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus

[Oct 2, 2023 12:00 AM] Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year…

IRS Proposed Rule on Digital Asset Broker Reporting Could Kill Crypto in America

[Sep 26, 2023 7:42 AM] The proposal creates unworkable requirements for decentralized finance in the U.S. and serves as an important cautionary tale.

How to buy Bitcoin in Dubai

[Sep 24, 2023 3:34 AM] Experience zero tax on crypto trades — find out how to buy Bitcoin in Dubai.

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…

South Koreans Report Over $98 Billion in Overseas Crypto Assets

[Sep 21, 2023 2:30 AM] South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a…

Crypto Wants a De Minimis Tax Exemption in the U.S.

[Sep 19, 2023 11:30 AM] The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and…

Thailand to start taxing overseas income next year, including from crypto

[Sep 19, 2023 3:22 AM] Any person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including crypto.

9 US senators publicly back Elizabeth Warren’s crypto bill

[Sep 18, 2023 1:16 AM] Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.”

EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule

[Sep 13, 2023 12:09 PM] The measure received 535 votes for with 57 against and 60 abstentions in a plenary session.

G20 moves forward with international crypto framework

[Sep 9, 2023 11:09 AM] The upcoming framework will affect users in several countries by automatically exchanging information about crypto transactions between jurisdictions on an annual basis.

Blockchain Association responds to US lawmakers’ request for crypto tax guidance

[Sep 8, 2023 1:03 PM] Lawmakers with the U.S. Senate Financial Services Committee announced in July they would be accepting suggestions on how to tax crypto until Sept. 8.

Japanese regulator seeks to scrap “unrealized gains” tax on crypto

[Sep 5, 2023 2:26 AM] The Japanese Financial Services Agency has proposed changing the tax code around digital assets to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto.

Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

[Sep 4, 2023 11:30 AM] Harvard scholar Christine Kim writes that income and wealth in the metaverse should be subject to immediate taxation.

Kentucky regulator denies plan for subsidizing crypto mining facility

[Sep 1, 2023 1:03 PM] A proposed contact with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade.

Tornado Cash Indictments May Prove to Be Just a Localized Storm After All

[Aug 29, 2023 6:00 PM] The Tornado Cash indictments could be another tipping point for crypto. How the case plays out could define how the federal government can deal with decentralized trading platforms if they’re seen as broad precedents. But the case may be much more…

Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump

[Aug 29, 2023 7:05 AM] Indian crypto exchanges CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS.

Switzerland's Legacy Of Financial Freedom Makes It The Best Place For Bitcoin To Thrive

[Aug 29, 2023 6:00 AM] This is an opinion editorial by Julian Liniger, the co-founder and CEO of bitcoin purchasing platform Relai. Source: Relai As a Swiss citizen, it didn’t take me long to understand why Bitcoin is unique. Switzerland is a country that values lots of…

New tax rules for crypto in the US: Law Decoded

[Aug 28, 2023 2:30 PM] The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers.

IRS releases draft of proposed reporting rules for digital asset brokers

[Aug 25, 2023 10:40 AM] House Financial Service Committee chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.”