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Russian lawmakers have dropped the term “mining” from a bill to regulate digital assets, following the earlier removal of references to “cryptocurrency.” In addition, the proposed legislation no longer covers the taxation of mining profits, as such matters will fall under the oversight of the Federal Tax Service. Also read: Despite Setbacks Crypto Wages Still … Read more
Spanish government approves draft of crypto tax bill in which citizens will have to report their crypto holdings Go to Source Powered by WPeMatico
Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Also … Read more
To stimulate more thorough tax filings, Japan is looking to ease crypto reporting mechanisms Go to Source Powered by WPeMatico
The Ukrainian Ministry of Finance has formed a working group to examine and develop the country’s tax regime on cryptocurrencies Go to Source Powered by WPeMatico
Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of … Read more
Several financial institutions in Europe, like Danske Bank and Swedbank, have been mentioned in a Lithuanian report investigating large-scale crypto-fiat transactions that took place in the past two years. Some of the banks’ clients traded digital coins worth millions of euros and the Baltic nation’s financial crime combating agency wants to know where the first … Read more
Do you think that all the Canadians are lumberjacks or strong hockey players? Wrong! Go to Source Powered by WPeMatico
An alternative bill on crypto proposed by the Ukrainian opposition offers a tax holiday for all crypto traders up until 2030 Go to Source Powered by WPeMatico
U.S. Congressman Tom Emmer is planning to introduce three bills to support and facilitate the development of blockchain technology and cryptocurrencies Go to Source Powered by WPeMatico
