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Category: Taxes

Crypto Tax Discussion Takes Center Stage in Russia and India
Crypto Markets News Regulation Taxes 

Crypto Tax Discussion Takes Center Stage in Russia and India

November 28, 2024 by Danny Reynolds

Crypto tax regulations are changing dramatically worldwide, and recent events in Russia and India have sparked discussions about their legal frameworks and how they affect adoption. India is still dealing with the consequences of its strict tax system, while Russia is shifting…

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IRS Releases Updated Crypto Tax Form: Here’s What to Know
News Regulation Stablecoin Taxes 

IRS Releases Updated Crypto Tax Form: Here’s What to Know

August 10, 2024 by Danny Reynolds

Following the launch of the updated draft of the 1099-DA crypto tax form by the US Internal Revenue Service (IRS), crypto traders and investors must report all transaction activities involving digital assets. The updated legislation, set to go into force in 2026,…

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IRS Launching New Taxation Approach for Digital Assets
Crypto News Regulation Taxes 

IRS Launching New Taxation Approach for Digital Assets

April 23, 2024 by Elizabeth Wilson

In its recent publication, the US Internal Revenue Service (IRS), in collaboration with tax regulators, unveiled a draft copy of the new Digital Asset Proceeds from Broker Transactions (Form 1099-DA). The new form will be used in 2025-2026 to report the income generated…

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President Javier Milei Scraps Proposed Crypto Tax Regulation
Crypto News Regulation Taxes 

President Javier Milei Scraps Proposed Crypto Tax Regulation

February 1, 2024 by Elizabeth Wilson

The newly elected president of Argentina, Javier Milei, has taken strategic action to eliminate some unimportant regulations. Based on the current situation in Argentina, President Milei confirmed that he will focus on meaningful projects that benefit the country.  In a recent publication…

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Florida Ranked Best State for Crypto Tax -CoinLedger Report 
Crypto News Regulation Taxes 

Florida Ranked Best State for Crypto Tax -CoinLedger Report 

January 26, 2024 by Elizabeth Wilson

With the ongoing amendment of the digital assets regulation, the US has demonstrated the likelihood of shutting down the crypto sector. From the last bull run the policymakers enforced unfriendly regulations that forced high-profile crypto firms to exit the US market. Despite…

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Honduras Special Economic Zone Recognizes Bitcoin As a Unit of Measure
Bitcoin News Blockchain Crypto News Regulation Taxes 

Honduras Special Economic Zone Recognizes Bitcoin As a Unit of Measure

January 9, 2024 by Elizabeth Wilson

Following the intense efforts made by El Salvador to create a crypto-friendly state other countries such as Honduras have replicated the move to tap the endless benefits offered by digital assets. In an advanced report the Próspera, a special economic zone situated…

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Japan Regulators Set to Eliminate Tax on Unrealized Crypto Gains
Blockchain Crypto News Regulation Taxes Web-3 

Japan Regulators Set to Eliminate Tax on Unrealized Crypto Gains

December 27, 2023 by Elizabeth Wilson

As Japan seeks to become a go-to destination for crypto firms, the regulators have agreed to loosen the regulation for digital assets. In a recent Cabinet meeting, policymakers agreed to remove the tax imposed on unrealized gains from crypto investments.  An unrealized…

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Argentina’s Presidential Candidate Vows to Implement CBDC Once Elected
CBDC (central bank digital currency) News Regulation Taxes 

Argentina’s Presidential Candidate Vows to Implement CBDC Once Elected

October 4, 2023 by Elizabeth Wilson

As the long pursuit to find the best successor for President Alberto Fernadez nears the end, several Argentine candidates have voiced their opinions on the practical measures to hedge the biting inflation. Speaking at the first presidential debate held on Sunday, October…

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Bitwave Acquires Gilded to Strengthen its Enterprise Solution
Crypto News Regulation Taxes Web-3 

Bitwave Acquires Gilded to Strengthen its Enterprise Solution

September 15, 2023 by Elizabeth Wilson

Bitwave, the leading developer of financial software in San Francisco, California, has revealed plans to acquire Gilded at an undisclosed amount. In a blog post, the Bitwave team announced that the mergers and acquisition (M&A) aims at strengthening enterprise solutions, including crypto…

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U.S. Rolls Out New Rules for Crypto Tax Reporting
Crypto News Taxes 

U.S. Rolls Out New Rules for Crypto Tax Reporting

August 25, 2023 by Sean Koppel

The U.S. treasury and internal revenue service (IRS) have rolled out new rules for reporting crypto tax in the country. The new rules will require brokers and exchanges to report certain sales on crypto from bitcoin to NFTs to close the tax…

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Israel Mulls Crypto Tax Exemption For Foreigners
Crypto News Regulation Taxes 

Israel Mulls Crypto Tax Exemption For Foreigners

July 6, 2023 by Sean Koppel

A bill granting exemption from capital gains taxes on the sale of digital currencies for foreigners has passed through a preliminary reading in Israel’s parliament on June 5. The bill also seeks to allot other tax benefits to foreign digital asset holders…

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Court Orders Kraken to Provide User Information To IRS
Crypto News Taxes 

Court Orders Kraken to Provide User Information To IRS

July 1, 2023 by Sean Koppel

A US federal court has ordered top crypto exchange Kraken to turn over user information to the Internal Revenue Service (IRS). Kraken had earlier announced that it would settle charges brought against it by the United States Securities and Exchange Commission (SEC)….

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UK Tax Authorities Will Soon be Able to Seize Bitcoins of Tax Defaulters
News Regulation Taxes 

UK Tax Authorities Will Soon be Able to Seize Bitcoins of Tax Defaulters

May 10, 2023 by Sean Koppel

The tax authorities in the UK will soon be granted power to seize Bitcoins held on crypto exchanges. The HM Revenue and Customs (HMRC) is proposing a legislation to this effect to seize the assets of crypto companies that fail to pay…

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President Biden Set to End $18B Crypto Tax Loopholes
CBDC (central bank digital currency) Crypto News Regulation Taxes 

President Biden Set to End $18B Crypto Tax Loopholes

May 10, 2023 by Elizabeth Wilson

An official tweet from President Joe Biden revealed the famous MAGA House Republicans supported tax loopholes to benefit the wealthy crypto entrepreneurs in America. The President’s tweet was against the MAGA action that threatened the country’s food security investigations. The President’s May…

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India’s E-Rupee Has Reportedly Fallen Flat
CBDC (central bank digital currency) Crypto News Regulations Taxes 

India’s E-Rupee Has Reportedly Fallen Flat

December 9, 2022 by Jay Howell

Many local news outlets in India reported that the community of the country is taking less interest in its digital rupee. As reported by the Hindu Business, the currency does not show any distinction from internet-based banking, and the consumers were in…

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Cryptocurrency Market To Suffer Yet Another Dip Due To Kenya’s Crypto Taxation
Analytics Coins Crypto Markets News Regulations Taxes 

Cryptocurrency Market To Suffer Yet Another Dip Due To Kenya’s Crypto Taxation

November 22, 2022 by Joseph Caballero

On November 21, the government of Kenya introduced changes to the Kenyan Capital Markets Law. The Kenyan government’s approach is to make sure that the taxation on cryptocurrencies is streamlined. The Amendments The amendments suggest that any individual or entity that is…

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Experts Say Crypto Investors Can Claim Hacked Crypto As A Tax Loss
Bitcoin News Crypto News Taxes 

Experts Say Crypto Investors Can Claim Hacked Crypto As A Tax Loss

August 9, 2022 by Jay Howell

The unfortunate crypto investors can potentially claim their digital assets that were lost in an exploit in the form of a tax loss if they reside in the jurisdiction where laws permit for it. After the news that Solana’s 8,000 wallets had…

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BTC Miners In Kazakhstan To Pay Taxes Correlated To Bitcoin’s Price Value
Bitcoin News Crypto News Taxes 

BTC Miners In Kazakhstan To Pay Taxes Correlated To Bitcoin’s Price Value

May 1, 2022 by Jay Howell

Everyone is pleased with the rising prices of Bitcoin. However, the BTC miners from Kazakhstan could shortly witness additional taxes in this respect. Once considered to be an alluring country for the miners migrating from China following the crackdowns started by the…

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Indian Government Has Imposed A Flat 30% Tax On Crypto
Crypto News Taxes 

Indian Government Has Imposed A Flat 30% Tax On Crypto

March 30, 2022 by Jay Howell

Indian Parliament goes forward with a new Bill, imposing a rough 30% Tax on Crypto-based profits. Massive Taxation on Crypto Trade As per the new legislation, a harsh 30% Tax has been applied on all crypto trading profits by the government of…

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South Korea’s Tax Agency Investigates Crypto Firm Hashed
Crypto News Regulations Taxes 

South Korea’s Tax Agency Investigates Crypto Firm Hashed

December 28, 2021 by Jay Howell

The NTS (National Tax Service) recently initiated a thorough tax investigation over Hashed – a venue for venture capital and blockchain – although the company’s CEO has refuted the allegations for being involved in the collection of slush fund or else the…

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Posts pagination

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Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$99,344.00
2.51%
ethereum
Ethereum (ETH)
$1,932.75
5.33%
tether
Tether (USDT)
$1.00
0.02%
ripple
XRP (XRP)
$2.19
2.37%
binancecoin
BNB (BNB)
$613.53
1.28%
cardano
Cardano (ADA)
$0.71
3.99%
chainlink
Chainlink (LINK)
$14.69
5.59%
litecoin
Litecoin (LTC)
$92.83
0.48%
polkadot
Polkadot (DOT)
$4.22
6.15%
uniswap
Uniswap (UNI)
$5.18
4.70%

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  • bitcoinBitcoin(BTC)$99,344.002.51%
  • ethereumEthereum(ETH)$1,932.755.33%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$2.192.37%
  • binancecoinBNB(BNB)$613.531.28%
  • cardanoCardano(ADA)$0.713.99%
  • chainlinkChainlink(LINK)$14.695.59%
  • litecoinLitecoin(LTC)$92.830.48%
  • polkadotPolkadot(DOT)$4.226.15%
  • uniswapUniswap(UNI)$5.184.70%