Tax

Russia Change Taxation Limits for Cryptocurrency Transactions Amidst the Growth in Investment
Mar 17, 2021 at 15:23
News
Russia Change Taxation Limits for Cryptocurrency Transactions Amidst the Growth in Investment
Russian State Duma is planning on changing the taxation threshold for cryptocurrency transactions to cover more taxpayers dealing with digital assets. As the interest in the assets from investors grows, the government wants to make sure the crypto holders will not avoid taxation.
5 Countries That Offer the Most Favourable Environment for Cryptocurrency Businesses
Feb 10, 2021 at 14:31
News
5 Countries That Offer the Most Favourable Environment for Cryptocurrency Businesses
Amidst global digitization, the cryptocurrency industry is constantly growing. Some countries remain alerted to the industry, while others create favourable conditions to take advantage of it to boost their economy.
South Korea Supports Cryptocurrency Business by Postponing Tax Increase
Dec 01, 2020 at 13:59
News
South Korea Supports Cryptocurrency Business by Postponing Tax Increase
South Korea is known for its friendly stance on innovations including cryptocurrency. The country has even announced plans for releasing their own CDBC dubbed the digital won. However, they also show support to businesses dealing with other digital currencies.
Privacy Coins to Be De-Anonymized: Monero Is to Fall First
Nov 25, 2020 at 14:35
News
Privacy Coins to Be De-Anonymized: Monero Is to Fall First
Privacy coins have been the lasting concern of the governments and financial authorities. Their enhanced anonymity features allow to use the coins for illegal purposes such as tax evasion, money-laundering, terrorism financing, drug trading, cryptojacking, etc.
The Ministry of Finance of Russia Wants Cryptocurrency Users To Declare Their Wallets and Transaction
Sep 28, 2020 at 12:02
News
The Ministry of Finance of Russia Wants Cryptocurrency Users To Declare Their Wallets and Transaction
The Ministry of Finance of Russia has recently represented an update for the regulation of cryptocurrencies. Their new proposal includes an obligation for all Russian cryptocurrency holders to declare transactions on cryptocurrency and reporting on holding cryptocurrency wallets.
The Boom of Cryptocurrency Adoption in Africa due to Covid-19 Pandemic
Sep 26, 2020 at 12:23
News
The Boom of Cryptocurrency Adoption in Africa due to Covid-19 Pandemic
Due to Covid-19 pandemic we can see a growing interest in Bitcoin and cryptocurrency on the African continent in 2020.
US Tax Service is Willing to Pay for Cracking Monero
Sep 12, 2020 at 09:18
News
US Tax Service is Willing to Pay for Cracking Monero
As privacy coins such as Monero are widely used for illegal purposes, financial regulators and watchdogs seek ways to de-anonymize them. Now, the United States Internal Revenue Service (IRS), is going to pay for cracking Monero (XMR).
The Trade-Off Between Energy Use and a Healthy Economy: Kyrgyzstan Lawmakers Debate on Bitcoin Mining Tax Bill
Jun 10, 2020 at 09:42
News
The Trade-Off Between Energy Use and a Healthy Economy: Kyrgyzstan Lawmakers Debate on Bitcoin Mining Tax Bill
After announcing an official ban on cryptocurrency use in 2014, the Kyrgyz Republic seems to be reconsidering its legal frameworks around crypto trading and mining.
Japan’s Finance Minister Won’t Adjust Cryptocurrency Tax Rate
Jun 03, 2020 at 13:39
News
Japan’s Finance Minister Won’t Adjust Cryptocurrency Tax Rate
Japanese Deputy Prime Minister and Finance Minister Tarō Asō said he disagrees with the plan to lower the cryptocurrency tax to the same level as stocks. At the meeting of the Finance Committee of the House of Representatives, he stated that there was no intention to lower the cryptocurrency tax rate to 20%.
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