Puerto Rican Treasury Department Aims to Tax NFT Sales
The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be…
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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…
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…
Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year
The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced…
No precedent: IRS court settlement doesn’t clarify crypto staking taxes
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression.
Simple math says Russia could collect up to $13B in crypto tax each year
The analytic note mentioned that the estimates are purely an overview and based on a basic tax slab of 6%, which would be quite different once regulations are set in…
Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7
Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes.
Venezuelans reportedly hit by new Bitcoin tax of up to 20%
Bitcoin adoption has been on the rise in Venezuela in recent years amid hyperinflation and the national currency crisis.
Crypto Users and Exchanges Must Now Report Transactions in Colombia
The Colombian government has issued new regulations that force exchanges and individuals to report cryptocurrency transactions to the UIAF, the anti-money laundering watchdog in Colombia. The transactions must be reported…
60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’
Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign…
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