Regulation
Turkey drafts new bills to increase regulatory oversight of crypto
Among the proposals is a requirement for crypto firms to have a minimum capital of 100 million liras (roughly $6 million).
Jinia Shawdagor 2 min read
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Read crypto tax news, reporting rules, compliance guidance, audits, and policy changes affecting digital asset holders and businesses.
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Portuguese Parliament blocks bill to tax crypto
Two bills intended to introduce taxation for crypto have been rejected by Portuguese Parliament
Taxes
Report: Crypto traders potentially owe IRS around $50B in unpaid taxes
IRS is interested in crypto as it has added questions about cryptocurrency and digital assets to its US Individual Income Tax Return form (Form 1040).
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Taxes
Portugal to start taxing crypto gains and payments
Finance Minister for Portugal, Fernando Medina, confirms that Portugal will no longer be a tax haven for cryptocurrency
Taxes
Indians to face additional 28% tax on crypto
India’s Goods and Service Tax (GST) Council considers bracketing crypto investments in the same category as lottery, casinos, racecourses, and betting.
Taxes
India eyes 20% taxation on DeFi gains
India tax department wants to implement a 20% tax on DeFi gains that could be withdrawn from the source.
Taxes
Germany is the number one tax haven for crypto investors with 0% tax rates
Cryptocurrency investors in Germany can benefit from 0% tax rates on their profits if they hold their coins for a year without cashing out.
Banking
You can now get a Bitcoin backed mortgage without a credit score
A Miami based lending firm is offering crypto backed mortgages if you have 100% of the value of the home in crypto.
Taxes
Crypto tax calculator Koinly integrates with Terra LUNA
Koinly integrates Terra to provide easier reporting of cryptocurrency Luna, adding it’s long list of cryptocurrencies.
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Taxpayers get a surprise as the IRS pushes for reporting on crypto assets
Adoption
India’s crypto trading volume plunges as new tax rules take effect
Taxes
Trading volume drops as 30% capital gains tax on crypto goes into effect in India
Regulation