Category: Taxation
Cryptocurrency Taxation
KuCoin Announces Support For Terra Classic’s Burn Tax Initiative
One of the top global crypto exchanges, KuCoin, recently announced its support for Terra Classic’s LUNC burn tax program. Based on the new policy, the…
US Department Of Justice Double Down On DeFi Attackers – Report
The crypto cop at the United States Department of Justice (DoJ) is intensifying efforts to combat hackers and exploiters within the Decentralized Finance (DeFi) space….
Marathon Digital Receives Another Subpoena From SEC
Marathon Digital, a company involved in Bitcoin mining, recently revealed that the US SEC had issued another subpoena for operating its data center in Hardin,…
New Study Shows Only 0.5% Of Cryptocurrency Investors Paid Their Tax Last Year
Divly, a crypto tax platform based in Sweden, has issued an exclusive report that evaluates that just 0.53% of crypto investors around the world recompensed…
El Salvador Planning to Eliminate Tax on Innovation and Technological Development
An official announcement from the President of El Salvador Nayib Bukele revealed that the crypto-friendly country would remove taxes imposed on technological development. President Bukele…
At $560b, India’s Forex Reserves Hit A 3-Month Low
The Indian Forex reserves have fallen to a three-month low of $560 billion, owing to a decline in foreign currency assets and gold reserves. This…
US Treasury Department Postpones Cryptocurrency Tax Reporting Rules
A prominent series of rules over the reporting of crypto tax is facing a delay till any further notice in line with a decision specified…
Two Local Cryptocurrency Stores In Uzbekistan Receive Regulatory Approvals
As Uzbekistan is preparing to adopt a unique crypto agenda in the coming year, the regulators in the country have initiated releasing regulatory authorizations to…
Tuvalu Steps Into the World Of Metaverse
South Pacific-based island country named Tuvalu is determined to utilize Web3 technology and preserve the society and culture of the area in the future. Simon…
Argentinian Tax Authority Wins Case For Confiscating Funds From Digital Account
A historic win was recorded by the tax authority in Argentina in regard to a case of seizing the funds from a digital account that…
Texas becomes new crypto capital following ban on china
When cryptocurrencies started to become popular, the first thing that people started to consider was how they would gather them. Seeing how these tokens only…
Owners of Crypto Firms Found Guilty of Evading Taxes Plead Guilty
Multiple owners belonging to a single crypto firm ended up raising more than $20 million. Believe it or not, they raised this amount from over…
You Can Use Top Cryptos to Pay for Your Tattoo Inking
Devilz Tattooz firms declared working with cryptocurrency exchanges such as Trust wallet and WazirX to accept crypto payments in its tattoo business. Though the Indian…
US Tax Reporting Plan Brings in A Milestone For The Crypto Sector
The cryptocurrency industry pushed hard for a small portion of the $1 trillion infrastructure package, marking a significant step forward in the sector’s presence in…
Report: US Treasury Department Is Set To Clarify Cryptocurrency Tax Reporting Rules In Infrastructure Bill
The Treasury Department of the United States is reportedly looking for the brokers’ definition in the recently submitted infrastructure bill, which was approved by the…
South Korean Authorities Tighten Their Crackdown On Cryptocurrency Tax Evaders
The South Korean authorities are considering revising the country’s tax laws to allow financial officials to confiscate cryptocurrency assets kept by the tax evaders. Regulations…
Government Of Kazakhstan Signs A New Law That Will Tax Crypto Mining From Next Year
Kazakhstan has enacted new taxes regulations for the bitcoin mining business. Businesses have disapproved of the latest policy by the government. The country’s government has…
More Than 1,100 Suspects Arrested by Chinese Authorities for Money-Laundering via Crypto
When the crypto-industry was launched, the major reason behind its foundation was decentralization. The founder of the first cryptocurrency, Bitcoin wanted to offer a financial…
US’s Revenue Collecting Authority Warns Taxpayers of Seizing Their Undisclosed Digital Assets
Internal Revenue Service’s (IRS) top official warned taxpayers that their digital assets would be seized if they were found concealing their digital assets and failed…
BTC Tax Evaders Apprehended by the Korean Authorities
On the other face of the story of Bitcoin adoption, it has been noticed that people are using the digital asset to evade the payment…
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