How to navigate cryptocurrency tax implications amidst the CPA shortage
High demand for CPAs has left many to fend for themselves when it comes time to figure out the complex tax landscape marked by virtual currencies.
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Thailand reportedly exempts 7% crypto tax for traders on authorized exchanges
The revised tax policy exempts crypto traders from the mandatory 7% VAT on authorized exchanges while offering tax exemptions of up to 10 years for crypto startup investors.
Swiss city of Lugano to pay taxes in crypto via Tether partnership
The ultimate goal is to accept crypto for payment of all goods and services in the city of Lugano, the city administration said.
South Korean crypto market grows to $45.9B in 2021 despite strict regulations
The 24 licensed crypto exchanges registered a collective average daily transaction volume of near $9.4 billion.
Central Bank of Argentina Prepares New Regulations for Digital Wallets
The Central Bank of Argentina is reportedly working on a new group of regulations seeking to control the totality of the digital wallets in the country. This new legal framework…
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and…
Georgia lawmakers consider giving crypto miners tax exemptions in new bill
The state is expected to have 56,000 Bitmain miners operating by October as part of an agreement with Bitmain, ISW Holdings, and Bit5iv.
India’s crypto tax provides little legal clarity for traders and exchanges
The Indian government’s recent announcement of a 30% tax on crypto returns has sparked an industrywide discussion on its feasibility.
Colorado governor says he expects state to accept tax payments in crypto by summer
The governor added that paying taxes in crypto was the first step, with using digital asset payments for certain licenses to follow.
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