UK Treasury seeks input on taxing DeFi staking and lending: Finance Redefined
The UK Treasury is seeking input on taxing the DeFi space, and on provisions around staking and lending.
UK Treasury seeks input on taxing DeFi staking and lending
The proposed regulatory changes seek to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers.
UK Tax Authority Proposes Legislative Change to Treatment of DeFi Lending, Staking
The proposed framework, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said.
Kraken asks San Francisco court to intervene against IRS demands
Kraken has joined Coinbase in an effort to push back against the growing regulatory scrutiny by U.S. regulators.
Kraken Asks Court To Deny IRS Request To Identify Its Crypto Customers
Kraken has applied to the federal court in San Francisco to refuse the request of the IRS.
Report: US Revenue Collector IRS to Send Four Crypto Crime Investigation Agents Abroad
The Internal Revenue Service (IRS) is planning to send investigators to four countries where they are expected to tackle the use of crypto and decentralized finance products in global financial…
Tax Day Countdown: Crypto Investors Should Get Their Extensions in, CPA Says
Crypto investors who do not have their ducks in a row ahead of next week’s tax deadline are best off filing for an extension, accountants advise.
Op-ed: Even free crypto is taxable – what to look out for this tax season
Crypto holders are always looking for airdrops or free crypto – but many don’t consider the associated tax obligations. If you’re based in the US, it’s not great news regarding…
Arizona Governor Stands Up for Blockchain Operators, Vetoes Bill Targeting Excessive Taxes
On April 12, 2023, Governor Katie Hobbs of Arizona vetoed legislation that aimed to largely stop local authorities from imposing taxes on individuals and businesses running blockchain nodes.
Arizona governor vetoes bill targeting taxes on blockchain node hosts
The bill aimed to have only state authorities impose regulations and taxes on individuals and businesses running blockchain nodes, as opposed to those at the city and county level.
