Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges – Regulation Bitcoin News
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Tax
Unchanged crypto tax bill will be put to a vote on Tuesday
The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation, and will impose broad third-party reporting requirements on any crypto firm deemed to comprise a “broker.”On August 9, general counsel to Compound Finance, Jake Chervinsky, tweeted that the Senate had voted 68 in favor to
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WEF Executive Weighs in on Disputed Cryptocurrency Tax Policy
The World Economic Forum has become the latest body to comment on the controversial US cryptocurrency tax provision. Expanded Crypto Provision Could Affect Industry Sheila Warren, the WEF’s Head of Blockchain and Digital assets has issued a statement about the expanded crypto tax policy by the US Senate. The WEF executive expressed
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Three US Senators propose narrowing crypto tax language in infrastructure bill
Lawmakers have written an amendment to an infrastructure bill in the U.S. Senate which proposes excluding certain crypto companies from the reporting requirements for brokers.In an amendment from Oregon Senator Ron Wyden on behalf of himself and Wyoming Senator Cynthia Lummis and with the support of Pennsylvania Senator Pat Toomey,
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EY Collaborates with UK Authorities to Design Blockchain Solution for Global Tax Problem
With the current solution, it is possible to envision European Commission’s plan to commence establishing a collaborative, mainstream EU-wide system for withholding tax relief at source. Ernst & Young Global Limited (EY) has collaborated with the UK government to design an extensive blockchain project to help with problems
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EY aims to simplify cross-border withholding tax process with blockchain
Global professional services firm Ernst & Young (EY) continues exploring the potential of blockchain technology to improve taxation processes with a new initiative.The company announced Wednesday that EY completed a blockchain-based project to address complexities and inefficiencies in the cross-border withholding tax (WHT) process, generally a paper-based process where data
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Binance Integrates Tax Reporting Tool as It Limits Withdrawals for Customers with No KYC
Beyond the integrated Binance tax reporting tool, the exchange has also taken action to reduce the daily Bitcoin (BTC) withdrawal limit for its users that have not completed the KYC verification requirement.Binance, the world’s largest cryptocurrency exchange by trading volume has provided integration for a tax reporting tool in a
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