“Chaos” could turn into farce in Spain – where it turns out that a controversial tax and asset declaration form will not apply to crypto after all. Or at least not this year…. Read More: After a Scare, Spaniards Won’t Have to Declare their Overseas Crypto Holdings this Year Read more »Pay, Trade, Buy…
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The voices calling for Russia to legalize Bitcoin (BTC) and crypto mining are continuing to grow louder, with the Deputy Prime Minister, prominent academics, and a leading economic think tank all suggesting that legislation should be rolled out in the near future. RBC reported that the Russian Deputy Prime Minister Alexander Novak had spoken…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ ____(Updated at 19:50 UTC with the announcement from FIFA.)… Read More: Florida’s Crypto Plan, Crypto.com Scores World Cup, Grayscale’s Ex-Ethereum Fund + More News Read more »Pay, Trade, Buy Bitcoin with…
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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: Indian Crypto Tax Move, Shorting Coinbase, FTX and Gemini in New Markets + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Crypto adoption appears to be on the rise in Spain – but as tax season approaches, some have warned that failure to comply with the Treasury’s tax-related rulings could prove costly for newer and more seasoned Spanish crypto investors alike. A recent report from the Association for Media Research (AIMC), a group comprising media…
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Ukraine’s President Volodymyr Zelenskyy has signed off on a new law that will bring cryptoassets under a legal umbrella – and allow national market regulators to police the sector. The move will pave the way for the country to begin taxing crypto. Prior to the outbreak of war, Ukraine had been hoping to regulate…
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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: Blockchain Gaming Consortium, American Express & Crypto Trademarks + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
A case involving the US Internal Revenue Service (IRS) and its alleged attempt to refund a couple’s tezos (XTZ) crypto staking tax bill could come to a head after one of the duo pushed for a “definitive ruling” that could change the way staking is taxed in the United States…. Read More: Tezos Staking Couple Ramps Up Pressure on…
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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: Bitcoin & Ethereum Investment Outflows, BTC Mixer Flags Illegal Moves + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Purchasing crypto with fiat or any “unrealized appreciation” is not a taxable event according to Thomas Shea, an EY crypto tax executive. While many refer to crypto as the “Wild West,” some believe that this may only continue for a little longer. Thomas Shea, crypto tax leader at EY Financial Services, told Cointelegraph that taxation…
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