Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment

Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal TreatmentAs a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply Capital Gains Tax to Bitcoin, Make Crypto […]

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Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with the move. Tax Cut to Attract Cryptocurrency Traders to Hungary […]

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Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It

Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade. According to Russian media, Moscow has recently offered Caracas a set of measures aimed at mending the country’s economy but the petro is not among the […]

The post Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It appeared first on Bitcoin News.

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