Taxes
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US Presidential Candidate Vivek Ramaswamy to Accept Bitcoin Donations for His Campaign
Vivek Ramaswamy is an American entrepreneur who has declared candidacy for the next presidential elections in the US as a…
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President Biden Opposes Republican Proposal on Debt Ceiling that Protects Crypto Traders
U.S. President Joe Biden has issued a dismissive report dated May 19 concerning the Republican submission that aims to benefit…
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White House Renews Push for 30 Percent Digital Mining Energy Tax
The community criticized a blog on 2nd May by the Council of Economic Advisors (CEA). The current president’s administration is…
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This Week in Crypto – BTC and ETH Remain Steady After Fed’s Rate Hike
After growing massively the previous weekend, the two leading crypto assets, Bitcoin and Ethereum, did not see any significant price…
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Kenya Proposes New Bill to Impose Tax on NFT Transactions
Kenya is one of the most widely populated African nations that are rapidly developing. Recently the government of Kenya has…
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Kenyan Legislators Set to Impose 3% Tax on Crypto Assets
An official report from the Kenyan Finance Ministry reveals that the incoming budget will impose a 3% crypto tax to…
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White House Officials Pushing for 30% Crypto Mining Tax, Cites Environmental Concerns
On May 2, the White House Council of Economic Advisers (CEA) issued an official report revealing plans to impose 30%…
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Cryptocurrency Tax-Loss Harvesting – What Is It And How Does It Work?
Digital currency tax-loss harvesting is considered as a tax strategy that involves strategically selling cryptocurrencies with losses to offset capital…
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Sweden Delivers Harsh Destroyer to Bitcoin Miners with Hefty Tax Hike
In its latest update, Sweden confirmed raising the taxes due per every kilowatt hour of energy consumed in mining activities…
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Billionaire Warren Buffet Calls Bitcoin a “Gambling Token”
Warren Buffet, the CEO of Berkshire Hathaway, has not been very kind towards Bitcoin. He has issued some harsh remarks…
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Crypto Mining Firm Bitmain Faces $3.5 Million Fine for Tax Violations in China
Bitmain is a cryptocurrency mining company that is currently under fire on account of regulatory pressure stemming from the Chinese…
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New Data Shows 99.5% of Cryptocurrency Investors did not Pay Tax on their Crypto in 2022
The social media influencers in Finland and Australia tout the biggest amount of cryptocurrency investors. Meanwhile, the USA ranks 10th…
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Crypto Bank Accounts In Singapore To Follow Uniform Screening Guidelines
Singapore, a leading fintech hub in Asia, has announced uniform screening standards for cryptocurrency bank accounts. This move comes as…
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Belarus Extends Tax Benefits For Bitcoin Firms To 2025
Regulated crypto businesses and entities operating in Belarus are exempted from tax till January 1, 2025. Accordingly, the new presidential…
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China’s CBDC Project Breaks New Ground As e-CNY Sees Boost
Central bank digital currency (CBDC) development is gathering pace, with China leading the way toward implementing its use for settling…
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Danish Bitcoin Investors To Pay Income Taxes – Court Rules
Governments from different jurisdictions are increasingly scrutinizing the world’s largest crypto asset. Based on the latest verdict of the Supreme…
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