Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift …
tax
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Regulation
Hong Kong proposes crypto tax exemptions to rival Singapore as financial hub
by shayaanby shayaanHong Kong is moving to solidify its status as a financial and crypto hub by proposing tax exemptions for hedge funds, private …
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Hong Kong is preparing to exempt investment gains from crypto and other assets for sophisticated investors, aiming to enhance the region’s appeal …
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The South Korean National Assembly postponed a plenary session originally scheduled for November 26 due to political conflicts over the proposed taxation …
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Russia has approved an amendment to a draft bill introducing taxes on crypto transactions and mining activities, Interfax reported on Nov. 19. …
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Lately, there is a lot of talk about crypto taxes, and the case of Germany and its exemption is often mentioned. It …
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Mining
Bitcoin mining profits in Russia to face new 15% tax rules, officials say
by shayaanby shayaanThe Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with …
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Italy’s government has taken steps to reduce the proposed increase in the cryptocurrency capital gains tax from an initial 42% to 28%. …
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Scams
Detroit to Accept Crypto for Tax Payments in Bid to Spur Tech Innovation, Fuel Economic Growth
by shayaanby shayaanDetroit is set to become the largest U.S. city to accept crypto for tax and fee payments, an initiative aimed at positioning …
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Regulation
Netherlands seeks public input on crypto tax regulations amid EU-wide crackdown
by shayaanby shayaanThe Netherlands has started a public consultation process to gather views on proposed regulations for crypto ownership and taxation, according to an …