tax
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Regulation
Lummis slams Biden’s ‘disastrous proposal’ to tax Bitcoin miners in ‘orange paper’
Senator Cynthia Lummis (R-WY) said the Biden administration’s to impose a 30% tax on Bitcoin miners is a “dangerous scheme”…
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Regulation
Binance’s Nigerian Tax Evasion Ruling Set for October After Not Guilty Plea: Report
The world’s top crypto exchange Binance is now facing an October 11th Nigerian court date for tax evasion charges, according…
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Regulation
South Korea moves to delay crypto tax until 2028 amid market concerns
South Korean lawmakers have proposed a bill to delay the implementation of crypto gain tax until 2028. The ruling political…
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Regulation
Biden Administration Finalizes New Crypto Rules to Crackdown on Tax Evasion
The Biden administration is imposing reporting requirements for crypto platforms to ensure that Americans file accurate taxes on digital asset…
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Regulation
US Treasury and IRS finalize crypto broker tax reporting rules
The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28.…
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Regulation
Congressman introduces bill to enable federal tax payments in Bitcoin
Congressman Matt Gaetz (R-Fla.) introduced legislation on June 25 that would require the IRS to begin accepting federal tax payments…
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Regulation
Brazil’s tax department to begin collecting information from foreign crypto exchanges
Brazil’s Special Department of Federal Revenue will begin collecting information from foreign crypto exchanges to ensure their operations are in…
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Regulation
Europe’s Eighth-Largest Economy Proposes New Tax on Crypto Transactions: Report
The eighth-largest economy in continental Europe is reportedly proposing a new tax on crypto transactions. According to a new report…
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Regulation
Binance CEO Richard Teng Demands Nigeria Release Imprisoned Employee, Offers Help in Resolving Tax Issues
Binance CEO Richard Teng is demanding the release of a top executive imprisoned in Nigeria for alleged money laundering crimes.…
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Regulation
New IRS Draft Tax Form Proposes Tracking of Certain Crypto Transactions
A new draft tax form by the Internal Revenue Service (IRS) is proposing tracking specific crypto transactions. The Digital Asset…
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