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The Thai Cabinet has approved tax relief measures for crypto trading. The new tax rules are “much more friendly to both investors and industry,” said an executive of a cryptocurrency exchange in Thailand. Thailand Adopts New Tax Rules for Crypto Investments Thailand’s Cabinet approved new tax relief rules Tuesday for crypto trading, according to an … Read more
High demand for CPAs has left many to fend for themselves when it comes time to figure out the complex tax landscape marked by virtual currencies. Go to Source Powered by WPeMatico
The revised tax policy exempts crypto traders from the mandatory 7% VAT on authorized exchanges while offering tax exemptions of up to 10 years for crypto startup investors. Go to Source Powered by WPeMatico
The ultimate goal is to accept crypto for payment of all goods and services in the city of Lugano, the city administration said. Go to Source Powered by WPeMatico
The 24 licensed crypto exchanges registered a collective average daily transaction volume of near $9.4 billion. Go to Source Powered by WPeMatico
The Central Bank of Argentina is reportedly working on a new group of regulations seeking to control the totality of the digital wallets in the country. This new legal framework is directed at stopping fraud said to be facilitated by these tools. According to leaks on local media, the publication of the law is imminent. … Read more
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin Miners Start Pulling Machines Out of Kazakhstan Companies, legally operating mining … Read more
The state is expected to have 56,000 Bitmain miners operating by October as part of an agreement with Bitmain, ISW Holdings, and Bit5iv. Go to Source Powered by WPeMatico
The Indian government’s recent announcement of a 30% tax on crypto returns has sparked an industrywide discussion on its feasibility. Go to Source Powered by WPeMatico
The governor added that paying taxes in crypto was likely just the first step, with using digital asset payments for certain licenses to follow “within a few months.” Go to Source Powered by WPeMatico
