Coverages relating all of the matters surrounding the taxing of Bitcoin and other cryptocurrencies.
India’s crypto tax could cause CEXs to lose $1.2T trading volume by 2026
In the 9 months following India's 30% crypto tax levy, exchanges cumulatively lost $3.85 billion in trading volume to foreign counterparts.
Italians to pay 26% crypto gains tax from 2023
Crypto trading gains are subject to the 26% Italian tax rate once they exceed 2,000 euros per tax period.
The Majilis approve new crypto regulation bill in Kazakhstan
The Majilis have approved the new bill governing the regulation of crypto assets alongside four other crypto mining regulation bills in Kazakhstan.
Op-ed: Is SBF a superhero, villain or simply misunderstood by the crypto community?
SBF has been the topic of discussion regarding regulation recently. He recently spoke directly about his views with Erik Voorhees on a Bankless livestream to expand on his position of a 'light touch' regulatory framework
Costa Rican congresswoman proposes bill to regulate, recognize cryptocurrency
Costa Rican Congresswoman Johana Obando proposed a crypto-friendly bill, titled "Cryptoassets Market Law (MECA)," to regulate and exempt crypto tax profits generated from mining activities.
Australia confirms crypto transactions will be subject to capital gains tax
In the budget papers released on Oct. 25, the Australian government clarified that all cryptocurrency investors will be subject to a crypto gains tax on profits they made through selling or trading through a centralized exchange.
US tax watchdog classifies NFT as digital assets for tax purposes
NFT investors must report all taxable NFT incomes for the 2022 tax year as the IRS now considers NFTs digital assets like cryptocurrencies.
Portugal will implement 28% tax on crypto in 2023
Capital gains earned from crypto held for less than a year will be taxed 28%.
IRS secures court approval to probe records of M.Y. Safra Bank, SFOX users over failure to report taxes
The IRS has found that tax reporting and compliance is significantly low when it comes to digital asset transactions.
UK should lower crypto tax rate to encourage growth – MP Matt Hancock
Matt Hancock announced during Zebu Live that HMRC needs to take a growth-maximizing mindset by lowering taxes to foster innovation within crypto
Korean tax authorities seize $185M worth of crypto from tax evaders since 2021
In 2020, North Korea implemented a system where authorities started seizing assets of delinquents and selling them if taxes remained unpaid.
Colorado enables crypto payment for taxes
Residents can pay their individual income tax, severance tax, withholding tax, and excise fuel tax in crypto.
Tax implications of the Ethereum Merge and what to do to prepare
The merge is an unprecedented event that could have major tax implications if an ETHPoW token arises with real value. CryptoSlate spoke with Koinly to find out what we need to know
German crypto tax policy one of the best in the world – Coincub report
German residents are not required to pay capital gains tax on crypto assets held for over a year.
Saylor respectfully disagrees with DC AG allegations of tax avoidance
MicroStrategy Chair Michael Saylor claims to be a resident of Florida, meaning he has no tax liability to the District of Colombia.
Japan might be lowering tax burdens on crypto startups in 2023
The country discussed the necessity of reducing the tax requirements on crypto initiatives to prevent start-ups from leaving Japan.
South Korea may levy up to 50% ‘gift tax’ on crypto airdrops under current law
South Korea's President Yoon Suk-yeol has delayed the levy of capital gains on crypto profits, but crypto airdrops are subject to a gift tax of up to 50% under current tax laws as the tokens are received for free.