Thailand to start taxing overseas income next year, including from crypto
Any person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including crypto. Go to Source
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9 US Senators publicly back Elizabeth Warren’s crypto bill
Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.” Go to Source
EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule
The measure received 535 votes for with 57 against and 60 abstentions in a plenary session. Go to Source
G20 moves forward with international crypto framework
The upcoming framework will affect users in several countries by automatically exchanging information about crypto transactions between jurisdictions on an annual basis. Go to Source
Japanese regulator seeks to scrap “unrealized gains” tax on crypto
Financial Services Agency has proposed to change the tax code around digital assets in a bid to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto. Go to Source
Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert
Harvard scholar Christine Kim writes that income and wealth in the metaverse should be subject to immediate taxation. Go to Source
Kentucky regulator denies plan for subsidizing crypto mining facility
A proposed contact with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade. Go to Source
Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump
Indian crypto exchanges like CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS. Go to Source
New tax rules for crypto in the US: Law Decoded
The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers. Go to Source
IRS releases draft of proposed reporting rules for digital asset brokers
House Financial Service Committee chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.” Go to Source
