Cryptocurrency Analysis and News Portal
This episode is sponsored by Nexo, Abra and FTX US.Download this episodeThis was, NLW argues, a very good week for crypto. He covers:The mayor of Rio announcing big bitcoin/crypto support this weekStrike launching in ArgentinaNorthwest Arkansas offering tech workers $10,000 in BTC and a bike to move to the regionA congressman introducing legislation to
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An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.” Industry Wants Clarity in Crypto Tax
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Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance of crypto trade in 2022. Thailand
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India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been detected by DGGI.” Tax Authorities Say Cryptocurrency Exchanges Have Been Evading GST Tax India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges
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Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the new virtual asset service providers (VASPs) tasked with evaluating digital assets for such tax purposes. Virtual Asset Service Providers
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“Japanese tax regulation is crazy and wrong,” Genki Oda, president of crypto exchange BITPoint, told CryptoX. If the authorities were to make the tax law on crypto equivalent to that of stocks, he estimated that 10 trillion to 20 trillion yen (US$88 billion to $175 billion) would return to Japan’s
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In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.The 2021 United Nations Climate Change Conference (COP26), where I exhibited my art,
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A new crypto tax paradigm is brewing in Argentina, where two provinces have now approved crypto tax laws. This means that Argentinian citizens must disclose their cryptocurrency holdings and pay taxes according to the trades they do in the provinces of Tucuman and Cordoba. This is because cryptocurrencies have been
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Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules for Cryptocurrencies The Finance Ministry in Ljubljana
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Miami-Dade County in Florida has approved a resolution to create a taskforce to study the feasibility of accepting crypto as a form of payment for taxes.The Cryptocurrency Task Force will offer recommendations around other potential policies related to crypto that could prove advantageous, according to an announcement Wednesday.First and foremost,
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