tax

21 Mar 23

Trust Wallet introduces tax tool for Coinpanda, Cointracker, and Koinly

Non-custodial crypto wallet Trust Wallet has partnered with Coinpanda, Koinly, and Cointracker to offer users a crypto tax reporting feature. Trust Wallet will be integrated into the three platforms to provide a cost-effective and convenient way to generate tax reports. This allows crypto users on decentralized and centralized platforms to comply with crypto tax regulations across several jurisdictions. The integration follows […]

crypto news The American Capitol book on the background bright tones low

10 Mar 23

US authorities to impose 30% electricity tax on crypto mining

The President Joe Biden administration has proposed imposing a 30% electricity tax on crypto mining operations in the United States. The move is attracting severe criticism from industry players. Despite the unfavorable market conditions and FUD that have plagued the web3 space since last year, the President Joe Biden regime is set to introduce a […]

12 Feb 23

Brazil’s oldest bank form partnership with a crypto platform for easy tax filing

Banco do Brasil, the oldest bank in Brazil, is creating a tax payment solution for citizens holding digital assets in Bitfy, a payments platform serving users in Latin America, according to a statement on Feb. 11. Following this deal, Bitfy will be responsible for the bank’s collection activities. These include tax payments from the bank’s users […]

30 Jan 23

Justin Sun claims China will implement crypto regulations through tax policies

According to Justin Sun, China is moving towards crypto legitimacy by imposing a tax on crypto transactions. The move signifies that the Chinese government views crypto assets as a legitimate wealth source and storage vehicle. China’s crypto transaction tax policy Justin Sun, head of crypto exchange Huobi and Tron founder, announced that China was taking […]

25 Jan 23

Arizona to exclude crypto assets from property tax

During the first session of the Arizona State Senate seating for 2023, the trio of senator Wendy Rogers, Sonny Borrelli, and Justine Wadsack considered taking the vote of Arizonians on the possibility of drafting a bill that adds virtual currency to the list of properties with tax exemptions. The draft (SCR 1007) described cryptocurrency as […]

18 Jan 23

Indian crypto industry calls for tax cuts amid investors’ exodus

India’s local crypto institutions have collectively demanded tax reliefs on crypto investments as investors flocked to foreign exchanges following the unfavorable tax policies imposed on digital asset investments. The local industry is calling on authorities to reduce the TDS rate from the current 1% to 0.1%-0.001% and allow loss offsets. Indian investors flock to international […]

Crypto Regulations international version non US countries

01 Jan 23

U.K. activates new crypto tax policy to encourage foreign investment

Effective Jan.1, 2023, the U.K. will offer tax relief for crypto foreign investors who purchase digital currencies via regulated brokers and investment managers. This is as the region takes concrete steps to become a favorable environment for crypto investors. More foreign investors in the country Today, foreign investors can purchase crypto through local brokers and […]

30 Dec 22

Italy imposes 26% tax on cryptocurrency gains in 2023 budget

Coindesk reported via a Tweet on Dec.30 that the Italian parliament has approved a new capital gains tax on cryptocurrency gains in its 2023 budget. The tax, which will take effect on Jan.1,2023, is set at 26%. A new crypto tax in Italy The new tax will apply to all crypto capital gains made by […]

21 Dec 22

UK tax regulator welcomes crypto service providers with new tax exemption

United Kindom’s tax regulator invited crypto service providers to operate in its jurisdiction by announcing the inclusion of cryptocurrencies in a tax exemption program. The Commissioners for His Majesty’s Revenue and Customs (HMRC) have published legislation defining “designated crypto assets” as qualifying for the investor management exemption (IME) in transactions made from 2022 to 2023. […]

Trust Wallet introduces tax tool for Coinpanda, Cointracker, and Koinly

US authorities to impose 30% electricity tax on crypto mining

Brazil’s oldest bank form partnership with a crypto platform for easy tax filing

Justin Sun claims China will implement crypto regulations through tax policies

Arizona to exclude crypto assets from property tax

Indian crypto industry calls for tax cuts amid investors’ exodus

U.K. activates new crypto tax policy to encourage foreign investment

Italy imposes 26% tax on cryptocurrency gains in 2023 budget

UK tax regulator welcomes crypto service providers with new tax exemption

Crypto thriving in Turkey despite uncertain economic times

ConsenSys and MoonPay enable crypto purchases in Nigeria via MetaMask

Adam Cochran calls Balaji’s $1m bitcoin goal impossible

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