Auto Added by WPeMatico

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate…

Continue ReadingDraft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

Kazakhstan to Increase Tax for Miners, Considers Tying Levy to Crypto Prices

The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities…

Continue ReadingKazakhstan to Increase Tax for Miners, Considers Tying Levy to Crypto Prices

South Korea, Britain, Bulgaria to Join Forces to Combat Crypto Tax Dodgers (Report)

South Korea’s National Tax Agency’s chairman Kim Dae-Ji held a meeting this week with tax executives from Bulgaria and Britain to discuss the “rise of tax-dodging schemes”  through the use…

Continue ReadingSouth Korea, Britain, Bulgaria to Join Forces to Combat Crypto Tax Dodgers (Report)

Ukrainian Parliament Adopts Amended Virtual Assets Law

Ukrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy. The bill, which was first passed last year, was later returned to the legislature…

Continue ReadingUkrainian Parliament Adopts Amended Virtual Assets Law

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

Russian Government Eyes $13 Billion in Taxes From Crypto Economy

Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as…

Continue ReadingRussian Government Eyes $13 Billion in Taxes From Crypto Economy

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