IRS and Treasury: No Reporting of Cryptocurrency Receipts Until New Regulations The Internal Revenue Service (IRS) and the U.S. Treasury Department have announced that American businesses…
India Suspends Access to Foreign Cryptocurrency Exchanges India has suspended access to several foreign cryptocurrency exchanges, including Binance, KuCoin, and OKX. The country’s Financial Intelligence Unit…
South Korea’s Incheon Seizes $375,000 Worth of Crypto from Tax-Evaders The city of Incheon in South Korea has confiscated approximately $375,000 worth of cryptoassets from residents…
Crypto Taxation in India The taxation of cryptocurrencies in India has undergone significant changes in recent years. Cryptocurrencies are now considered assets and are subject to…
Kyrgyzstan Generates Revenue from Crypto Mining Taxes Kyrgyzstan’s government is set to raise over $1 million this year from taxing the crypto mining industry. According to…
Grayscale Addresses Tax Consequences for Bitcoin ETFs Grayscale is currently assessing the potential tax implications associated with spot Bitcoin exchange-trade funds (ETFs) in response to inaccurate…
Senator Elizabeth Warren’s Proposed Crypto Tax Bill Recently, Senator Elizabeth Warren introduced a bill called the Digital Asset Anti-Money Laundering Act of 2023. If passed, this…
The President of Brazil signs law to tax crypto assets held abroad The President of Brazil, Luis Inácio Lula da Silva, has approved a new law…
The IRS Claims FTX Owes $24 Billion in Taxes The Internal Revenue Service (IRS) has stated that FTX, the collapsed crypto exchange, owes it $24 billion…
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