Crypto firms failed to deliver ‘promised benefits’ from lawmaker-backed incentives, says nonprofit
“At a minimum, the public should have a say in these crypto handouts," said the Tech Transparency Project.
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Portuguese banks shutting crypto accounts citing risk management concerns
The Bank of Portugal has licensed all of the exchanges that have had their accounts closed, including Criptoloja, Mind The Coin and Luso Digital Assets.
Japan may see a reduced 20% tax on crypto earnings with new proposal
The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years.
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…
Japan’s crypto groups call for end of taxing paper gains
Danny Talwar from crypto tax platform Koinly said Japan's regulatory environment makes it difficult for businesses and individual investors to hold digital assets in Japan.
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…
Senate Virtual Currency Tax Fairness companion bill drops purchase exclusion to $50
After being seen in the House a few times, a bipartisan bill is introduced into the Senate with a drastically reduced exclusion for purchases made with cryptocurrency.
Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty
In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators.…
South Korea postpones 20% tax on crypto gains to 2025
The delay comes just a couple of months after newly elected president Yoon Suk-yeol promised to work on regulations first.
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