P2E gamers, minors not any safer from the tax man, says Koinly
Earning an income from play-to-earns is “complicated” without tax guidance, advises Australian crypto tax specialists.
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Belarus Issues International Arrest Warrant for Owner of Country’s ‘Largest Crypto Exchanger’
Law enforcement officials in Minsk are seeking international assistance to locate and detain the man who ran what is said to be the biggest online exchanger for cryptocurrencies in Belarus.…
Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies
South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting…
Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700
New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is…
Latvian Artist Threatened With Prison for Money Laundering Through NFTs
An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities…
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the…
Tax Agency Starts Checking Crypto Traders in Romania
Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the…
Russian Parliament Adopts Tax Rules for Digital Assets
Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies…
Albania to Start Taxing Crypto-Related Income From 2023
Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting…
Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal…
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