Crypto Tax 101: Everything You Need To Know
If you’re a crypto user, there are a few things that you’ll need to stay on top of for your own good. You should know how best to store your…
The Urgent Need for Bitcoin Tax Reform to Encourage Everyday Use
The debt based monetary system has become quite extreme. On one hand, the US crossed the $35 trillion national debt milestone, placing a $104k burden on every US citizen. On…
Web3 At The Forefront: Japan Mulls Startup-Friendly Tax Reforms
Japan’s minister of economy, trade and industry, Takeru Saito, said on August 28, 2024, that it aims to propel its Web3 ecosystem through startup-friendly tax reforms. Startup-Centric Tax Reforms Key To…
Harris Supports The Unrealized Capital Gains Tax
Democratic Presidential nominee Kamala Harris is all but confirmed to support a tax on unrealized capital gains after her economic advisor Bharat Ramamurti defended the policy during a Wednesday interview.…
Nigeria’s Crypto Tax Reform To ‘Boost Foreign Investment’
The Nigerian financial authorities recently announced their plan to overhaul the tax system to add crypto assets. The upcoming proposal, which aims to modernize the current policies and adapt to…
Does Harris Want To Tax Your Unrealized Bitcoin Gains? Here’s What’s Going On
Rumors are swirling online that Kamala Harris wants to introduce an unrealized capital gains tax if elected President – a move that could theoretically tear up the profits of crypto…
IMF Proposes Drastic 85% Electricity Tax Increase For Crypto Mining
Two IMF officials pitched for steep electricity taxation on cryptocurrency miners and recommended increasing their average global electricity cost by 85%. The proposal has, in fact, called for a sharp…
New Draft Eases Tax Filing Burden
The IRS, or US Internal Revenue Service, has unveiled a fresh draft version for the 1099-DA tax form, used by crypto brokers and investors to report certain digital asset transactions…
Binance Hit With $86M Fine For Tax Compliance In India
Binance, one of the largest crypto exchanges in the world, is facing regulatory scrutiny again. The exchange has been slammed with a show-cause notice from India’s Directorate General of GST…
Senator Cynthia Lummis Criticizes Biden Administration’s Proposed 30% Tax on Bitcoin Miners
On July 23, Cynthia Lummis released a report arguing against the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. Lummis argues that this tax could…