Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: USD 4.5B Crypto Fund, Less Difficult Bitcoin Mining, OTC NFT, Ethereum’s Merge + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce VAT Exemption for Crypto Trading in Thailand Investors moving cryptocurrencies and…
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Crypto adoption is gaining pace in Brazil, with the crypto wallet giant Blockchain.com looking to hire local staff, a major real estate firm committing to bitcoin (BTC) pay, and the government looking to incentivize crypto mining by waiving tax on imported mining hardware…. Read More: Brazil in Bitcoin Adoption Drive: Blockchain.com’s Expansion, Miners’ Tax…
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Developed countries from across the world are moving towards increased fiscal cooperation that could lead to tighter taxation of corporations but also of personal assets under the so-called wealth tax, as indicated by the participants of a panel held during this year’s edition of the World Economic Forum in Davos. This development could lead…
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Japan could be set to overhaul its crypto tax system – with opposition leaders joining a chorus of MPs and business leaders calling for a change in tax law to stop an “outflow” of crypto-related talent and convince Japanese crypto firms not to relocate overseas…. Read More: Japanese Opposition Leader Urges Crypto Tax Reform…
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While central governments continue to hum and haw about the how, whens, and whys of crypto taxation and regulation, some provincial governments have decided to go it alone – particularly in the Basque Country, Spain. El Indipendiente reported that all three of the Basque Country’s major Western provinces – Gipuzkoa, Biscay, and Álava –…
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Russia’s parliament, the State Duma, will debate a crypto regulation bill that was formulated by the Ministry of Finance at the start of the year in the coming weeks, a senior MP has claimed…. Read More: Russian Crypto Regulation Can’t Be Delayed any Longer, Claims Top MP Read more »Pay, Trade, Buy Bitcoin with…
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The finance ministers and central bankers of the Group of Seven (G7), which comprises the world’s most advanced economies, have once again called for the rapid introduction of comprehensive regulations of cryptoassets in the aftermath of the recent UST stablecoin crash…. Read More: G7 Keeps Pushing for Crypto Regulation, Here’s What’s Already Happening Read more…
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The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their tax returns.
Australian Taxpayers Warned They…
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The Argentinian Senate has approved a bill that would allow the government to tax non-declared assets held in foreign countries by citizens of the country. This includes stocks, properties, bonds, and even cryptocurrencies. The purpose of the legistlation would be to collect more funds to pay the $45 billion debt that Argentina has with the…
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