Coverages relating all of the matters surrounding the taxing of Bitcoin and other cryptocurrencies.
India’s crypto tax impacted trading frequency of 83% of traders, says survey
India's 30% tax on cryptocurrencies has negatively impacted trader sentiment — a new survey shows just how much.
U.S. states rethinking crypto tax payments amid bear market
The bear market prices suspended the launch of crypto tax payments in all states except Colorado and Utah, who are facing logistical challenges.
U.K. tax authorities seek public consultation on DeFi tax treatment
HMRC follows up on Chancellor Sunak's pledge to enhance the competitiveness of crypto-asset taxation by calling on the input of DeFi stakeholders.
India’s 1% tax has dealt a heavy blow to crypto trading volumes
Daily trading volumes on most Indian cryptocurrency exchanges have dipped by more than 50% since the tax came into effect on July 1.
Russia approves tax exemptions for issuers of cryptocurrency
Russia approved a draft bill to exempt cryptocurrency issuers from VAT as part of its ongoing pro-crypto legislation.
CAR’s President announces crypto-hub “Sango” launch date
When launched, the crypto hub is expected to drive tokenization of the Central African Republic mineral resources and pave way for economic growth.
Conservative MP Matt Hancock advocates for “attractive” tax and regulatory regimes in the U.K.
The Conservative MP Matt Hancock stated that the UK needs to be more liberal in its approach to crypto regulation.
India will consider 28% additional tax on crypto sales next week
India's federal and state finance ministers will come together at a panel on 28-29 June to discuss whether to implement a new tax on crypto transactions.
Australian mayor suggests crypto as tax payment option
Gold Coast Mayor Tom Tate has revealed that the city could be open to accepting its taxes with cryptocurrencies like Bitcoin despite the volatile nature of the industry.
Indian Terra investors facing 30% tax on LUNA 2.0 airdrop despite losses
Indians who received the LUNA 2.0 token via airdrop may have to part with as much as 30% of it due to the crypto tax policy in the country.
From boom to gloom, the crypto investors now unable to pay their tax bill
The wider crypto market downturn has investors, who didn't cash out when times were booming, panicked over how to meet tax obligations.
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).
Portuguese Parliament blocks bill to tax crypto
Two bills intended to introduce taxation for crypto have been rejected by Portuguese Parliament
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).
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
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.
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.