Auto Added by WPeMatico

Students Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer Says

University students in Russia minting digital currencies in their dormitories risk penalties and even criminal charges, according to a legal expert quoted by local media. The warning comes as Russian…

Continue ReadingStudents Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer Says

Kazakhstan President Orders Government to Find All Miners and Raise Tax by April

President of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not against legal…

Continue ReadingKazakhstan President Orders Government to Find All Miners and Raise Tax by April

Russian Government Approves Plan to Regulate Cryptocurrency

The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under…

Continue ReadingRussian Government Approves Plan to Regulate Cryptocurrency

Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining

Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed…

Continue ReadingKazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining

No precedent: IRS court settlement doesn’t clarify crypto staking taxes

There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression.

Continue ReadingNo precedent: IRS court settlement doesn’t clarify crypto staking taxes