Trump’s Proposed Capital Gains Tax Cut Could Boost Crypto Profits
A proposed capital gains tax cut could be good news for crypto traders in the U.S. Go to Source Powered by WPeMatico
Taxes
Auto Added by WPeMatico
Cryptocurrency News From Japan: August 2 – August 8 in Review
Coincheck’s CEO expressed optimism toward the company’s upcoming shareholder meeting app, GMO Coin announced negative leverage trading fees and more headlined news from Japan this past week. Go to Source Powered by WPeMatico
New Kenyan Digital Tax to Affect Crypto Platforms
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track and tax … Read more
Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%
Kazakhstan’s Ministry of the Economy wants to tax crypto mining in an effort to deal with the COVID-19 pandemic. Go to Source Powered by WPeMatico
US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space
A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four congressmen are Bill Foster (D) of Illinois, Darren Soto (D) of Florida, Tom Emmer (R) of Minnesota, and David Schweikert … Read more
Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards
Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards. Go to Source Powered by WPeMatico
Things to Consider When Giving Crypto to Charities or Others
Here are some important things to know before giving donations in cryptocurrency for charitable purposes. Go to Source Powered by WPeMatico
South Korean Police Investigate Who Leaked the Crypto Tax Bill
Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced. Go to Source Powered by WPeMatico
South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.5 … Read more
Cryptocurrencies Could Undermine Obsolete Laws, Says Cybersecurity Expert
According to Pavol Luptak, “cryptocurrencies or crypto markets may undermine government laws and regulations that are obsolete for the 21st digital century.” Go to Source Powered by WPeMatico
