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.
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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.
OECD opens proposal on tax transparency framework for crypto to public comment
According to the OECD, the crypto market posed a “significant risk” around tax transparency, claiming that any gains will eventually be lost without additional safeguards.
Indian Government Reveals How It Plans to Tax Cryptocurrency Transactions
India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto…
Indian crypto tax policy to treat each digital asset investment independently
The government intends to treat each crypto trading pair transaction separately, deterring traders as the gov't would only tax their profits without accounting for the losses.
India Targets 700 Crypto Investors for Non-Payment of Taxes: Report
India’s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. “We have a long list of people who were…
Thailand Approves Tax Relief Measures for Crypto Trading
The Thai Cabinet has approved tax relief measures for crypto trading. The new tax rules are “much more friendly to both investors and industry,” said an executive of a cryptocurrency…
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