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HMRC has significantly intensified its scrutiny over cryptocurrency investments, issuing more warning letters to investors in an effort to ensure compliance with tax regulations.
The Japanese government is moving towards a flat tax rate of 20% on cryptocurrency profits, aligning it with the taxation of stocks.
The UK government has unveiled a new tax framework aimed at easing tax burdens for decentralized finance users, eliminating capital gains taxes on certain transactions.
A new bill proposes that U.S. citizens can pay their taxes in Bitcoin, allowing these funds to be placed into a national reserve.
The proposal aims to align US crypto taxation with international standards, potentially discouraging Americans from using offshore exchanges.
Not paying taxes on your cryptocurrency can result in severe penalties. Discover the repercussions of evading tax obligations related to your crypto investments.
Experts caution that UK crypto investors who have not received tax warning letters from HMRC may still have tax obligations.
The US is close to concluding the 2024 criminal tax case against Bitcoin advocate Roger Ver, with a proposed dismissal based on a financial agreement.
Dubai is leveraging its oil wealth and Islamic finance to establish itself in the crypto space, directly challenging the dominance of Hong Kong and Singapore.
The Indian government reveals skepticism toward unbacked cryptocurrencies amid the introduction of new digital currency initiatives by the Reserve Bank of India.
A new legislative bill in New York introduces a tiered tax system for energy used by crypto miners, raising concerns over the industry's future.
A new legislative initiative introduced by New York Senator Liz Krueger seeks to impose a tiered tax system on energy used by cryptocurrency mining operations in the state.
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