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Crypto Traders Leaving Indian Exchanges for Binance in Bid to Escape Taxes

Mridul SrivastavaSeptember 14, 2022September 14, 2022

by Mridul SrivastavaSeptember 14, 2022September 14, 20220

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...

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Kazakhstan president signs law increasing crypto miners’ tax burden

Mridul SrivastavaJuly 13, 2022

by Mridul SrivastavaJuly 13, 20220

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...

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New tax rules have slashed Indian crypto exchange volumes by 80% since July 1

Mridul SrivastavaJuly 5, 2022

by Mridul SrivastavaJuly 5, 20220

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...

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How cryptocurrency taxation works in India and around the world

Mridul SrivastavaJune 20, 2022June 20, 2022

by Mridul SrivastavaJune 20, 2022June 20, 20220

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...

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Indonesia will begin taxing cryptocurrency transactions next month

Mridul SrivastavaApril 3, 2022

by Mridul SrivastavaApril 3, 20220

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...

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Bithumb Cryptocurrency Exchange takes Korea’s National Tax Service to Court for $69M in Taxes

Akansha KesarwaniJanuary 16, 2020

by Akansha KesarwaniJanuary 16, 20200

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...

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Thailand Revenue Department Trials Blockchain to Track Tax Payments

Akansha KesarwaniDecember 4, 2018February 7, 2019

by Akansha KesarwaniDecember 4, 2018February 7, 20190

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...