Key Takeaways Argentina, steered by President Javier Milei, a known supporter of Bitcoin, is contemplating a bill to streamline the process of legalizing cryptocurrency holdings, even for those with outstanding tax liabilities. This proposed legislation is a sweeping reform that…
Key Takeaways The United States has entered a new regulatory era for cryptocurrency transactions as key provisions of the Infrastructure Investment and Jobs Act, signed into law by President Joe Biden in November 2021, take effect. These changes include stringent…
Key Takeaways In the first 11 months of 2023, the government of Kyrgyzstan witnessed a substantial increase in tax collections from crypto miners, totaling 78.6 million soms ( $900,000). The collected revenue , ranged from 738,000 soms ($8,284) in February…
Key Takeaways In a significant move, the Japanese government has greenlit a tax regime overhaul for 2024 that promises a game-changing impact on how corporations deal with unrealized gains from their cryptocurrency holdings. The approval, granted during a cabinet meeting…
A bill that would classify cryptocurrency assets as securities and tax capital gains on them has passed a committee in the Kenyan parliament.
The frequency of investigations pertaining to digital asset reporting has increased, according to the United Internal Revenue Service's (IRS) Criminal Investigation (CI) Unit.
Key Takeaways In a strategic move aimed at bolstering its economic standing, Turkey is on the brink of implementing comprehensive regulations for its rapidly expanding crypto market. The key objective is to guide the nation out of the Financial Action…
Laos looks to be focusing on the nation's cryptocurrency industry in an attempt to increase state revenue.
Key Takeaways In a pivotal development, the Council of the European Union formally embraced the eighth iteration of the Directive on Administrative Cooperation (DAC8) on October 17, 2023. This adoption represents a significant stride toward cryptocurrency tax regulation in the…
Key Takeaways During a plenary session on September 13 in Strasbourg, France, members of the European Parliament showed overwhelming support for the eighth version of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting regulation. With a resounding 535…
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