The U.S. federal government’s Internal Revenue Service (IRS) has come up with a crypto tax audit system. According to Clinton Donnelly, an …
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Exempt
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Regulation
UK draft guidance may exempt stablecoin disposals from capital gains tax, says Aave founder
by shayaanby shayaanThe United Kingdom is reportedly moving toward treating stablecoins more like traditional money for tax purposes, with draft guidance suggesting that disposing …
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Regulation
Consensys Urges SEC to Exempt Self-Custody Wallets, Citing Regulatory Gap for 99% of Tokens
by shayaanby shayaanMetaMask developer Consensys has formally requested that the U.S. Securities and Exchange Commission (SEC) exempt self-custody wallet providers from broker-dealer registration requirements, …
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Regulation
Russian authorities to exempt crypto trading services, custodial platforms from VAT
by shayaanby shayaanThe Russian government is preparing to exempt cryptocurrency trading and custodial services from value-added tax (VAT) as part of a major push …
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Regulation
Hong Kong Plans To Exempt Hedge Funds, Private Equity Firms and the Super Rich From Paying Crypto Taxes: Report
by shayaanby shayaanHong Kong is reportedly eyeing new tax policies that can help in its push to become a top finance and cryptocurrency hub. …