President Biden Targets $18B Crypto Tax Loopholes as Community Reacts
United States President, Joe Biden, tweeted on May 9 about closing “tax loopholes” that allegedly benefit wealthy crypto investors, drawing reactions from the online crypto...
Tag : crypto taxes
Portugal Plans To Impose Tax on Individual Crypto Gains
Portugal, which is regarded as the most cryptocurrency-friendly nation in Europe, has decided to tax digital asset gains on purchases held for less than a...
Colorado Now Accepts Crypto For All State Tax Payments
Various jurisdictions have boasted their crypto-friendly credentials in recent times, but Colorado has now emerged as the first state in the United States to adopt...
Airdrops Will Be Subject to Donation Tax in South Korea
Airdrops of virtual assets could be liable to gift tax, according to the tax legislation, as the Korean Ministry of Strategy and Finance has interpreted...
Japan Crypto Taxes Could Slow Advance in the Sector
Cryptocurrency advocacy organizations in Japan want to petition the government to relax the corporation tax regulations that are widely seen as stifling the expansion of...
Crypto Taxes in India Reduce Exchanges Usage by 60%
Indian cryptocurrency exchanges have seen a significant drop in trading volumes as a result of the country’s introduction of the new transaction tax, according to...
The Portuguese Parliament Rejects the Proposal for the Taxation of Cryptocurrencies
The Portuguese Parliament, the Assembleia da Repblica, has rejected two separate proposals to tax Bitcoin and other cryptocurrencies, both of which originated from minority political...
Indian GST Officials Opin Profit With Cryptocurrencies Is Like Playing Lottery
With the expansion of cryptocurrencies, people are coming on board with the concept. Different regions of the globe are eyeing potential possibilities of making it...
Thailand Relaxes Taxation Over Crypto Gains
The integration of cryptocurrencies into economic infrastructure is being tested in several countries. The blockchain and crypto industries are gaining acceptance in modern society. As...
Swiss Canton To Take Taxes in Bitcoin as Crypto Gains Traction
Switzerland’s Zug canton joins its eponymous principle city and a few Swiss towns in consenting to take charge installments in cryptographic money. Zug is believed...