Crypto Tax
Less Than 1% of Crypto Investors Declared Their Taxes to Authorities Reveals (Study).
A recent study by the Swedish tax company Divly revealed that just 0.53% of cryptocurrency traders worldwide reported taxes on their transactions in the previous year. The average proportion of…
The Whole Idea of Cryptocurrency is ‘Nonsense’: Neel Kashkari.
Neel Kashkari, the Federal Reserve Bank of Minneapolis President, believes the whole idea of cryptocurrency is “nonsense”. He said FTX’s case is not just the case of one fraudulent company…
Kenya Move Towards Crypto Regulation.
For the first time in Kenyan history, the Kenya Revenue Authority (KRA) has suggested bringing severe restrictions to the crypto trade by proposing to collect taxes from transactions made in…
The Japanese Crypto Firms’ Request Tokyo to Strengthen the Country’s Tax Reforms.
Some prominent Japanese Crypto-asset firms have recently requested the Japanese government to strengthen their tax reforms. The firms claimed that the present-day Japanese tax reforms are not in sync with…
Small British islands keen on attracting crypto investors with incentives.
As the crypto industry gets bigger and brighter, a string of small British overseas territories is offering crypto investors incentives to move their money from more traditional tax havens. Located…
South African’s were informed of legal and tax repercussions of the central bank’s plan.
A tax consultation firm based in South Africa, the Tax Consulting SA, has responded to the announcement that was recently made by the central bank. They revealed that they will…
2025 will be the new deadline for South Korea’s 20% cryptocurrency gain tax.
The government of South Korea has decided to postpone the 20% tax associated with gains in cryptocurrency, by another two years. This 20% tax when it came to crypto gains…
Two crypto tax bills have been rejected by Portugal’s Assembleia da Republica.
Portugal’s Assembleia de Republica, the country’s Congress, found itself in crypto news recently after it rejected two tax bills, which if passed would have imposed taxes on cryptocurrencies. The Backdrop…
Japan likely to see crypto tax reform.
The Japanese prime minister Fumio Kishida believes Web3 has the potential to spark economic growth. As such, he highlighted that he could be open to reforming Japan’s crypto tax laws…
South Korea: New president set to delay taxation on crypto investments.
Yoon Seok-yeol, South Korea’s newly elected president, is looking to defer taxation on crypto investment gains until a new set of regulations – namely the Digital Asset Basic Act is…
Market at a glance
BTC$83,725 +0.9%
ETH$2,541 +1.5%
SOL$111.79 +1.7%- Fear & Greed61 Greed
Crypto news on Telegram
New stories as they go live, plus a short market brief every morning at 09:00.
