Nigeria to tax crypto, digital assets 10% on capital gains: Experts react
The Act aims to enhance fiscal transparency, boost revenue and recognize cryptocurrencies as legitimate assets. Go to Source Powered by WPeMatico
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Intuit introduces proprietary large language models for fintech with GenOS
Intuit is launching an operating system for generative artificial intelligence that will feature AI models trained on the company’s financial data. Go to Source Powered by WPeMatico
Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns
The proposal would have allowed Uniswap’s governing body to receive a percentage of the fees that currently go to liquidity providers. Go to Source Powered by WPeMatico
Does the US have a crypto ‘tax loophole’ problem?
The Biden administration wanted to nix a “special tax subsidy for cryptocurrency,” but it wasn’t in the May 28 debt-ceiling bill. Another narrow escape? Go to Source Powered by WPeMatico
Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker
According to Representative Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners. Go to Source Powered by WPeMatico
G7 discusses crypto, supports CBDC — Law Decoded, May 15–22
The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets. Go to Source Powered by WPeMatico
Biden won’t accept debt deal protecting crypto traders — G7
U.S. President Joe Biden expressed opposition to a debt ceiling deal that would allegedly benefit crypto traders. Go to Source Powered by WPeMatico
Updated European tax directive requires reporting on all crypto asset transfers
DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules. Go to Source Powered by WPeMatico
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote on Crypto Laws by End of July The State Duma, the lower house of … Read more
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New Legislation Kazakhstan’s coffers have … Read more
