Bitcoin
Bitcoin Advocate Roger Ver Negotiates Possible Settlement with US Justice Department
Roger Ver, known as the Bitcoin Jesus, might avoid prison by settling with the US DOJ over tax evasion charges.
News
India Critiques Unbacked Cryptocurrencies as RBI Launches Digital Currency Initiative
The Indian government is cautious about cryptocurrencies while announcing a new digital currency backed by the Reserve Bank of India.
Ecosystem
Vietnam Proposes Crypto Taxation to Align with Stock Trading Regulations
The Vietnamese Finance Ministry suggests a 0.1% tax on cryptocurrency transactions, aiming to regulate digital asset exchanges more stringently.
Economy
Norway Experiences Significant Increase in Crypto Reporting for 2024
The Norwegian Tax Administration reported a 30% rise in the number of individuals declaring cryptocurrency holdings for the 2024 tax year, totaling over $4 billion.
Crypto
UK Tax Agency Increases Warning Letters for Crypto Tax Compliance
HMRC has significantly intensified its scrutiny over cryptocurrency investments, issuing more warning letters to investors in an effort to ensure compliance with tax regulations.
Economy
Dutch Parliament Moves Forward with Controversial 36% Tax on Capital Gains
The Dutch House of Representatives has advanced a proposal for a significant capital gains tax affecting various investments, including cryptocurrencies.
Crypto
Decentralized Finance Avoids Regulatory Constraints as Global Regulations Tighten
While Europe addresses crypto tax issues and U.S. lawmakers reconsider market structures, DeFi remains unregulated, raising concerns for the future.
News
European Commission Urges 12 Nations to Enforce Crypto Tax Regulations
The European Commission has issued warnings to twelve countries for not implementing EU tax reporting rules for digital assets, highlighting Hungary's non-compliance with the MiCA framework.
Ecosystem
Nigeria Implements New Tax Regulations for Crypto Providers
Nigeria's recent tax reforms integrate cryptocurrency transactions with identity verification systems, significantly changing the digital asset landscape.
Crypto
Japan Plans to Lower Crypto Tax to 20%, Aligning with Stock Taxation
The Japanese government is moving towards a flat tax rate of 20% on cryptocurrency profits, aligning it with the taxation of stocks.
Crypto
UK Moves Forward with Innovative DeFi Tax Reforms
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.
Finance
Proposed Legislation Allows Americans to Settle Taxes with Bitcoin
A new bill proposes that U.S. citizens can pay their taxes in Bitcoin, allowing these funds to be placed into a national reserve.
Crypto
White House Considers New IRS Tax Rules for Foreign Cryptocurrency Accounts
The proposal aims to align US crypto taxation with international standards, potentially discouraging Americans from using offshore exchanges.
Finance
The Consequences of Avoiding Taxes on Cryptocurrency Holdings
Not paying taxes on your cryptocurrency can result in severe penalties. Discover the repercussions of evading tax obligations related to your crypto investments.
Crypto
UK Crypto Investors May Still Face Tax Bills Without HMRC Letters
Experts caution that UK crypto investors who have not received tax warning letters from HMRC may still have tax obligations.
News
US Government Approaches Resolution in Roger Ver's Tax Case with $50 Million Agreement
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.
News
Dubai's Strategy to Compete with Asian Crypto Leaders
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.
News
India Critiques Unbacked Cryptocurrencies as RBI Launches Digital Currency Initiative
The Indian government reveals skepticism toward unbacked cryptocurrencies amid the introduction of new digital currency initiatives by the Reserve Bank of India.
Legal
New Tax Proposal for Crypto Mining Energy in New York
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.
Crypto
New York Senate Bill Aims to Tax Crypto Mining Energy Consumption
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.
