New Worldwide Tax Standard Includes Cryptocurrencies and CBDCs
The new set of rules from the OECD also takes aim at reducing tax evasion executed using cryptocurrencies and blockchain technologies.
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.
U.S. Lawmakers Urge IRS, Treasury to Hurry Crypto Tax Rules
Congressmen Brad Sherman and Stephen Lynch called the crypto industry “a major source of tax evasion” in a letter asking for the prompt release of proposed regulations.
US Congressmen blame crypto firms for ‘tax gap’ in letter to Treasury
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about the tax compliance practices in crypto.
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.
IRS Can Access Coinbase User Trading Data, Court Rules
A US Federal court has ruled the Internal Revenue Service (IRS) is within its right to access Coinbase user data, in a case which sought to block the tax agency…
Senator Cynthia Lummis Pushes Back Against Biden’s Crypto Tax
US Senator Cynthia Lummis has pushed back against the Biden Administration’s proposal to tax cryptocurrency miners, stating that the administration is picking “winners and losers.” Bitcoin mining is a very…
Biden Won’t Tax Crypto Out of Existence: Lummis
Senator Cynthia Lummis had harsh words for the Biden Administration’s idea to impose a 30% tax on electricity used by bitcoin miners. In a word, she rejected it completely.
Binance launches new crypto tax tool in Italy
Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, today launched a new crypto tax tool in Italy: Tax Assistant.
ConsenSys Clarifies Rumors on MetaMask Tax Terms
ConsenSys, the blockchain technology firm behind the widely used crypto wallet MetaMask, has addressed recent rumors claiming that it collects taxes from cryptocurrency users. The company took to Twitter on…
