Bookmarking Crypto Insights
Auto Added by WPeMatico
Nigeria’s Securities and Exchange Commission is working to bring licensed crypto exchanges into the formal tax system, with a related bill likely to pass in early 2025. Nigeria Aims to Increase Revenue The Nigerian Securities and Exchange Commission (SEC) has announced it is working to bring transactions on licensed cryptocurrency exchanges into the formal tax … Read more
This week, The Wall Street Journal highlighted potential tax complications for the publicly traded company Microstrategy, particularly concerning unrealized gains. According to the report, the Corporate Alternative Minimum Tax (CAMT), introduced under the Biden administration, could impose a notable financial obligation on the firm. Microstrategy’s Billion-Dollar Bitcoin Gamble Hits a Snag: CAMT Tax Law Looms, … Read more
At the WAGMI conference held in Miami on Friday, Aaron R. Day, the Chairman and CEO of the Daylight Freedom Foundation, delivered a compelling address centered on Roger Ver’s troubles with the U.S. government. During his speech, Day emphasized to the audience the gravity of the matter, describing it as a “high stakes situation.” Miami … Read more
The European Parliament’s Sarah Knafo said it’s time to stop “totalitarian temptations” by the European Central Bank and adopt Bitcoin. Go to Source
India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said. Go to Source
The Russian Federation Council’s approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia’s national currency, the ruble. Go to Source
India’s crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential. Go to Source
In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold. Go to Source
The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are mentioned in such requests. Industry groups have long called for changes to the tax system for virtual currencies, … Read more
The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing a lack of necessary regulations and institutional infrastructure as the primary reasons for this measure. South Korea … Read more
