Tax
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News
South Korea Delays Crypto Tax Implementation
KDP has agreed to the government’s proposal to delay the implementation of capital gains tax on cryptocurrencies by two years.…
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News
Hong Kong Launches Tax Exemption Plan for Crypto Investments
Hong Kong has initiated plans to exempt real capital gains from cryptocurrency investments for hedge funds, private equity funds, and…
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Italy
Italy Reduces Proposed Cryptocurrency Tax to 28%
Industry representatives argued that such a tax hike could reduce Italy’s attractiveness for blockchain businesses and investors. The Italian government,…
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News
UAE Grants Tax Exemption for Cryptocurrency Transactions
The Federal Tax Authority (FTA) of the United Arab Emirates announced a full exemption from Value Added Tax (VAT) for…
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Italy
Italy Seeks to Increase Crypto Tax to 42%
“Maurizio Leo,” Italy’s Deputy Minister of Finance, announced that the country intends to raise the capital gains tax on Bitcoin…
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News
Turkey Withdraws Plan to Tax Stock and Cryptocurrency Profits
Cevdet Yilmaz, Turkey’s Vice President, announced that the country has abandoned its plan to impose additional taxes on profits from…
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Countries
Tax Exemption Plan for Small Cryptocurrency Purchases in the U.S. Congress
A group of U.S. senators has proposed a bill for tax exemption on small cryptocurrency purchases. The bill, known as…
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Countries
U.S. Congressman Proposes Bitcoin for Tax Payments
Matt Gaetz, a Florida Congressman, has introduced a bill proposing Bitcoin as a legitimate method for paying federal income taxes…
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Economics
Behind the Hidden Taxes of Top-Tier Blockchains and the Rising Ethereum Gas Fees
Exploiting weaknesses in some blockchains, coupled with the general lack of awareness among most cryptocurrency investors, has created fertile ground…
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Countries
Cryptocurrencies Suppression through Tax Tools
The future of the cryptocurrency industry in the United States is tied to developments in tax and regulatory laws, and…
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