Category: Taxation
Cryptocurrency Taxation
Canadian Regulatory Agency Fines $4.4 Million for CFT and AML Violations
Binance is facing regulatory troubles. FINTRAC, the financial regulatory service provider in Canada, recently reported that the firm was involved in allowing 5,902 transactions between…
El Salvador Scraps Income Tax on Remittances and Foreign Investments
El Salvador will go down in history as the first-ever nation to make Bitcoin as a legal tender. After various noteworthy Bitcoin-related regulations, the nation…
Indonesia’s Regulatory Agency Proposes Taxation Changes for Cryptocurrencies
The Commodity and Futures Trading Regulatory Agency has initiated the request to revise taxation policies for cryptocurrencies. The federal regulatory authority of Indonesia noted that…
Understanding IRS’s Bitcoin ETFs Taxation: A Simple And Effective Guide
Amidst the growing interest in the crypto market, the introduction of Bitcoin Exchange-Traded Funds (ETFs) has garnered significant attention. This guide delves into the intricacies…
How to Buy Bitcoin in India: A Comprehensive Guide
Introduction India has been ranked as the second-highest nation in terms of cryptocurrency trading volume per a survey published by Chainalysis in September 2023. Therefore,…
All You Need To Know About Crypto Tax-Loss Harvesting
What is Crypto Tax-Loss Harvesting? Tax-loss harvesting is a strategy that investors utilize in order to offset capital gains taxes by selling positions at a…
US SEC’s Cash Redemption Model For Bitcoin ETF: What To Know
Complying With Cash Redemption Bitcoin exchange-traded fund (ETF) applicants are working on their proposals with the US Securities and Exchange Commission (SEC). However, the regulator…
IRS’s $24B Tax Bill Levy Bad For Creditors – FTX
At The Crosshairs Of The US IRS The bankrupt crypto exchange faces a $24 billion tax bill imposition by the US Internal Revenue Service (IRS),…
Buying Bitcoin And Ethereum In The UK: A Comprehensive Guide
Understanding the legalities, storage options, and investment avenues is crucial for making informed decisions within the cryptocurrency market. This guide explores safe ways of buying…
Balancing Crypto Losses On Tax Filings In The US, UK, Canada
Navigating cryptocurrency taxation presents a complex landscape for investors globally. Therefore, understanding how crypto losses impact tax liabilities in countries like the US, UK, and…
Blockchain Association Push Back Against IRS’s Proposed Broker Rules
The Blockchain Association, a cryptocurrency advocacy group in the United States, sent a letter opposing the IRS’s proposed tax rules. The crypto advocacy group urged…
Stablecoins Dominate Brazil’s Crypto Transactions With USDT, The Leading Performer
The Special Department of Federal Revenue of Brazil, also known as Receita Federal (RFB), deals with taxes and revenue and has just released some crucial…
Madeira Unveils Development Plans For Bitcoin Innovation Hub
The regional government of Madeira, the Portuguese autonomous region, is embarking on an ambitious initiative to create a Bitcoin business hub to bolster innovations. The…
Top 10 Tax Haven Countries for Crypto Investors
The quick and simple answer to this question is yes. Cryptocurrencies have been around since 2009. It has eventually morphed into a multi-trillion dollar industry….
How to Invest in Crypto via Retirement Account
Cryptocurrencies offer all the financial services that are present in the traditional financial sector. At the same time, the blockchain sector has emerged as a…
How to Buy Bitcoin with Cash App? A Beginner’s Guide
Introduction Investing in cryptocurrencies can be a tough and complicated process. However, Cash App can make the process very easy by offering a simple purchasing…
PM Modi Calls For Uniform Global Crypto Regulatory Framework
During the annual G20 summit, Indian Prime Minister Narendra Modi emphasized the importance of global cooperation in developing comprehensive cryptocurrency regulations. With India currently at…
Crypto Community Kick Against Biden’s Tax Regulation; Here’s Why
The cryptocurrency tax rules proposed by the President of the United States, Joe Biden, have alarmed the crypto community. The new guidelines are based on…
Oman Unveils $350M Crypto Mining Facility To Boost Economic Growth
The oil-rich Sultanate of Oman has launched its second crypto-mining center in just over ten months. The crypto mining facility is part of the country’s…
Spot Bitcoin ETFs Could Cause A Spike In BTC Investment – NYDIG
According to NYDIG’s latest research, spot Bitcoin exchange-traded funds (ETF) can trigger a massive $30 billion influx in demand. The race for launching a Bitcoin…
Recent User Comments