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Category: Taxes

Bitwave Acquires Gilded to Strengthen its Enterprise Solution
Crypto News Regulation Taxes Web-3 

Bitwave Acquires Gilded to Strengthen its Enterprise Solution

September 15, 2023 by Elizabeth Wilson

Bitwave, the leading developer of financial software in San Francisco, California, has revealed plans to acquire Gilded at an undisclosed amount. In a blog post, the Bitwave team announced that the mergers and acquisition (M&A) aims at strengthening enterprise solutions, including crypto…

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U.S. Rolls Out New Rules for Crypto Tax Reporting
Crypto News Taxes 

U.S. Rolls Out New Rules for Crypto Tax Reporting

August 25, 2023 by Sean Koppel

The U.S. treasury and internal revenue service (IRS) have rolled out new rules for reporting crypto tax in the country. The new rules will require brokers and exchanges to report certain sales on crypto from bitcoin to NFTs to close the tax…

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Israel Mulls Crypto Tax Exemption For Foreigners
Crypto News Regulation Taxes 

Israel Mulls Crypto Tax Exemption For Foreigners

July 6, 2023 by Sean Koppel

A bill granting exemption from capital gains taxes on the sale of digital currencies for foreigners has passed through a preliminary reading in Israel’s parliament on June 5. The bill also seeks to allot other tax benefits to foreign digital asset holders…

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Court Orders Kraken to Provide User Information To IRS
Crypto News Taxes 

Court Orders Kraken to Provide User Information To IRS

July 1, 2023 by Sean Koppel

A US federal court has ordered top crypto exchange Kraken to turn over user information to the Internal Revenue Service (IRS). Kraken had earlier announced that it would settle charges brought against it by the United States Securities and Exchange Commission (SEC)….

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UK Tax Authorities Will Soon be Able to Seize Bitcoins of Tax Defaulters
News Regulation Taxes 

UK Tax Authorities Will Soon be Able to Seize Bitcoins of Tax Defaulters

May 10, 2023 by Sean Koppel

The tax authorities in the UK will soon be granted power to seize Bitcoins held on crypto exchanges. The HM Revenue and Customs (HMRC) is proposing a legislation to this effect to seize the assets of crypto companies that fail to pay…

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President Biden Set to End $18B Crypto Tax Loopholes
CBDC (central bank digital currency) Crypto News Regulation Taxes 

President Biden Set to End $18B Crypto Tax Loopholes

May 10, 2023 by Elizabeth Wilson

An official tweet from President Joe Biden revealed the famous MAGA House Republicans supported tax loopholes to benefit the wealthy crypto entrepreneurs in America. The President’s tweet was against the MAGA action that threatened the country’s food security investigations. The President’s May…

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India’s E-Rupee Has Reportedly Fallen Flat
CBDC (central bank digital currency) Crypto News Regulations Taxes 

India’s E-Rupee Has Reportedly Fallen Flat

December 9, 2022 by Jay Howell

Many local news outlets in India reported that the community of the country is taking less interest in its digital rupee. As reported by the Hindu Business, the currency does not show any distinction from internet-based banking, and the consumers were in…

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Cryptocurrency Market To Suffer Yet Another Dip Due To Kenya’s Crypto Taxation
Analytics Coins Crypto Markets News Regulations Taxes 

Cryptocurrency Market To Suffer Yet Another Dip Due To Kenya’s Crypto Taxation

November 22, 2022 by Joseph Caballero

On November 21, the government of Kenya introduced changes to the Kenyan Capital Markets Law. The Kenyan government’s approach is to make sure that the taxation on cryptocurrencies is streamlined. The Amendments The amendments suggest that any individual or entity that is…

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Experts Say Crypto Investors Can Claim Hacked Crypto As A Tax Loss
Bitcoin News Crypto News Taxes 

Experts Say Crypto Investors Can Claim Hacked Crypto As A Tax Loss

August 9, 2022 by Jay Howell

The unfortunate crypto investors can potentially claim their digital assets that were lost in an exploit in the form of a tax loss if they reside in the jurisdiction where laws permit for it. After the news that Solana’s 8,000 wallets had…

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BTC Miners In Kazakhstan To Pay Taxes Correlated To Bitcoin’s Price Value
Bitcoin News Crypto News Taxes 

BTC Miners In Kazakhstan To Pay Taxes Correlated To Bitcoin’s Price Value

May 1, 2022 by Jay Howell

Everyone is pleased with the rising prices of Bitcoin. However, the BTC miners from Kazakhstan could shortly witness additional taxes in this respect. Once considered to be an alluring country for the miners migrating from China following the crackdowns started by the…

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Indian Government Has Imposed A Flat 30% Tax On Crypto
Crypto News Taxes 

Indian Government Has Imposed A Flat 30% Tax On Crypto

March 30, 2022 by Jay Howell

Indian Parliament goes forward with a new Bill, imposing a rough 30% Tax on Crypto-based profits. Massive Taxation on Crypto Trade As per the new legislation, a harsh 30% Tax has been applied on all crypto trading profits by the government of…

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South Korea’s Tax Agency Investigates Crypto Firm Hashed
Crypto News Regulations Taxes 

South Korea’s Tax Agency Investigates Crypto Firm Hashed

December 28, 2021 by Jay Howell

The NTS (National Tax Service) recently initiated a thorough tax investigation over Hashed – a venue for venture capital and blockchain – although the company’s CEO has refuted the allegations for being involved in the collection of slush fund or else the…

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South Korea’s Increased Efforts In Combating Crypto Tax Evaders
News Regulations Taxes 

South Korea’s Increased Efforts In Combating Crypto Tax Evaders

December 8, 2021 by Henry Glover

South Korea’s national tax enforcement agency (the NTS) intensifies efforts in clamping down on those who hide their income with digital assets to avoid paying tax.  A Helping Hand A recent report by a local news outlet (the Korea Herald) revealed that…

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Australian Tax Office Claims it Cannot Rely on Crypto Users’ Own Records
Crypto News Taxes 

Australian Tax Office Claims it Cannot Rely on Crypto Users’ Own Records

November 27, 2021 by Lucile King

According to the Australian Tax Office (ATO), it is not possible to depend on crypto investors for keeping track of their digital currency transactions as well as profits, even though they said that most investors did try to do their best. Chris…

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Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$27,602.00
-1.27%
ethereum
Ethereum (ETH)
$1,663.95
-4.00%
tether
Tether (USDT)
$1.00
0.09%
binancecoin
BNB (BNB)
$214.85
-1.35%
ripple
XRP (XRP)
$0.51
-2.22%
cardano
Cardano (ADA)
$0.259464
-2.52%
polkadot
Polkadot (DOT)
$4.12
-3.13%
litecoin
Litecoin (LTC)
$65.97
-3.39%
chainlink
Chainlink (LINK)
$7.46
-7.39%
uniswap
Uniswap (UNI)
$4.47
-3.99%

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  • bitcoinBitcoin(BTC)$27,602.00-1.27%
  • ethereumEthereum(ETH)$1,663.95-4.00%
  • tetherTether(USDT)$1.000.09%
  • binancecoinBNB(BNB)$214.85-1.35%
  • rippleXRP(XRP)$0.51-2.22%
  • cardanoCardano(ADA)$0.259464-2.52%
  • polkadotPolkadot(DOT)$4.12-3.13%
  • litecoinLitecoin(LTC)$65.97-3.39%
  • chainlinkChainlink(LINK)$7.46-7.39%
  • uniswapUniswap(UNI)$4.47-3.99%