Rio de Janeiro to Accept Cryptocurrency Payments for Taxes Next Year
Rio de Janeiro, one of the most iconic cities of the South American continent, has announced it will allow its citizens to pay taxes with cryptocurrencies. This makes it the…
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Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained…
Is Austin the next US crypto hub? Officials approve blockchain resolutions
The City of Austin gears up to become America’s next crypto hot spot by passing two resolutions focused on cryptocurrency and blockchain innovation.
Rio de Janeiro to accept Bitcoin for real estate taxes from 2023
Supporting this cause led by Mayor Eduardo Paes, Binance CEO Changpeng Zhao announced to open a new office in the Brazilian city stating that “He's done his part. We are…
Crypto tax policy framework passes India’s parliament despite pushback from lawmakers
Under the framework, those conducting crypto transactions will be subject to a 30% tax starting on April 1, while the 1% TDS requirement will take effect on July 1.
Colorado accepts tax payments in crypto: Was it just a matter of time?
Colorado is set to accept tax payments in crypto. To some experts, it’s only a matter of time before other U.S. states follow suit.
Portsmouth embraces Bitcoin payments for city bills
The mayor reportedly said the City Hall had learned more about cryptocurrencies and blockchain and how to utilize them for improved city services.
Florida Governor Ron DeSantis Says State Is ‘Figuring out Ways’ to Allow Businesses to Pay Taxes in Bitcoin
Florida governor, Ron DeSantis explained at a press conference on Tuesday that he’s spoken with state agencies and told them to figure out ways for businesses to pay tax with…
Spanish Treasury Admits That Cryptocurrency Holdings Don’t Need to Be Declared Under Model 720
Spain’s Ministry of Treasury has admitted that Spanish citizens are not forced by law to declare their cryptocurrency holdings under the disputed Model 720, which involves declaring funds held abroad.…
Proposal for crypto tax policy in India will go to parliament on March 24
First announced by India's finance minister in February, the amendment to existing laws proposed a 30% tax targeting digital asset transactions.
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