New York Bill Seeks Bitcoin Mining Tax to Fund Energy Aid
New York just introduced bill S.8518 that would slap taxes on proof-of-work cryptocurrency mining operations like Bitcoin, with the money going straight toward helping residents...
Tag : Tax
Crypto Traders Leaving Indian Exchanges for Binance in Bid to Escape Taxes
After a major tax shift, billionaire Changpeng Zhao gained greater control over the Indian cryptocurrency trading market through Binance Holdings Ltd. As reported by Sensor...
Kazakhstan president signs law increasing crypto miners’ tax burden
Tax rates for cryptocurrency miners have been raised after President Kassym-Jomart Tokayev’s signing of a measure modifying Kazakhstan’s Tax Code. The fee will be calculated...
New tax rules have slashed Indian crypto exchange volumes by 80% since July 1
The Indian government began taxing cryptocurrency transactions on July 1 with a 1% tax deducted at source (TDS). CoinDCX, ZebPay, and WazirX have all seen...
How cryptocurrency taxation works in India and around the world
Cryptocurrencies have progressed from uncertain speculative products to virtual digital assets (VDA), but it has taken a long time to gain acceptance from both developing...
Indonesia will begin taxing cryptocurrency transactions next month
Indonesia seeks to tax cryptocurrency transactions (VAT) and capital gains from cryptocurrency investments (income tax) because of the recent growth in crypto trading. On April...
Bithumb Cryptocurrency Exchange takes Korea’s National Tax Service to Court for $69M in Taxes
South Korea’s largest cryptocurrency exchange Bithumb has filed a complaint with the Tax Tribunal against Korea’s National Tax Service. Bithumb’s move comes in response after...
Thailand Revenue Department Trials Blockchain to Track Tax Payments
According to local media outlet Bangkok Post report, Revenue Department of Thailand trials blockchain for tracking value-added tax payments in the country. And if the...