CBDT is asking platforms to explain how taxes, unclear regulations, and liquidity issues have affected them. It also questioned the questioned the …
tax
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Regulation
South Korea’s Jeju City targets crypto holdings of alleged tax dodgers
by shayaanby shayaanTax officials in Jeju City, the capital of the South Korean island province of Jeju, have reportedly started the process of freezing …
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The US state of New York is seeking to tax the sales and transfers of crypto and non-fungible tokens (NFTs) under a …
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In brief New York State Assemblymember Phil Steck proposed a 0.2% excise tax on cryptocurrency transactions. He estimates that the tax would …
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Markets
New York Introduces 0.2% Tax on Crypto Sales Could Spark a Massive Sell-Off
by shayaanby shayaanNew York may soon make history again in the crypto world, but this time, it’s not about regulation, it’s about taxes. A …
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The following article is a guest post and opinion of Maksym Sakharov, Co-founder and CEO of WeFi. Last month, Japan’s Financial Services …
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Analysis
India finds $72 million in hidden crypto income as tax compliance tightens
by shayaanby shayaanIndia’s tax authorities have uncovered nearly 630 crore rupees (approximately $72 million) in undisclosed income from crypto-related transactions, according to an Aug. …
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Regulation
Car Dealership Owner Allegedly Steals $1,344,863 From US Government in Fraudulent Tax Refund Scheme: DOJ
by shayaanby shayaanA Boston car dealership owner has been indicted for allegedly stealing $1.3 million from the US government in a fraudulent tax refund …
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Regulation
Crypto Industry Asks President Trump to Stop JPMorgan’s ‘Punitive Tax’ on Data Access
by shayaanby shayaanTen of the largest trade associations in fintech and crypto have called on President Donald Trump to intervene in what they say …
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Scams
India Ramps Up Crypto Tax Enforcement with International Data Sharing and AI
by shayaanby shayaanIn brief India’s CBDT Chairman Ravi Agrawal said the country is stepping up its use of AI and international data-sharing to identify …