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Tag: Crypto Tax

Japan Mulls Removing Corporate Tax on Crypto Gains | BitPinas

The Japanese cabinet has endorsed a proposal to eliminate taxation on unrealized gains from cryptocurrency, particularly benefiting Web3 businesses. The proposal, currently awaiting deliberation...

Platforms For NFT Tax-loss Harvesting See End-of-year Bump – CryptoInfoNet

The NFT market has endured a down year as digital collectibles prices broadly failed to recapture previous highs, and changed hands less often than...

Got ‘Worthless’ NFTs? This Startup Buys JPEGs for a Penny to Harvest Tax Losses – Decrypt

For the overwhelming majority of NFTs, the brutal bear market of the last two years wasn't just a phase: Some 90-95% of NFT collections...

Russia To Introduce Comprehensive Crypto Legislation In 2024 – CryptoInfoNet

In a recent interview with Russian Newspaper Izvestia, Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, unveiled plans to legalize...

Crypto Firms Boost U.S Political Donations Amid Regulatory Scrutiny

Federal super PAC Fairshake received $78 million this week from crypto firms. The firms aim to back presidential candidates that have pledged to be...

Japan Eases Crypto Tax Burden for Businesses in 2024 Reform

Bitcoin News A major adjustment affecting firms holding crypto assets comes with this change. The Japan Crypto Asset Business Association (JCBA)...

The Gift that Keeps Giving: How to Gift Crypto to Family and Friends

Giving gifts to friends and family is a cherished holiday tradition that includes sharing any wealth we’ve accumulated over the past year (sorry, Scrooge)....

Revolut Launches Crypto Trading in New Zealand with over 100 Pairs

Only a couple of days after the reports of Revolut limiting its crypto services in the United Kingdom surfaced, the fintech launched cryptocurrency trading...

Grayscale Mulls Over Potential Tax Implications For Spot Bitcoin ETFs – CryptoInfoNet

Grayscale is evaluating the possible tax consequences associated with spot Bitcoin (BTC) exchange-traded funds (ETF) following inaccurate reports circulating about unfavorable tax implications.In a...

IRS Intensifies Efforts to Combat Crypto-related Tax Evasion

According to a report from the Internal Revenue Service (IRS) criminal investigations division, tax evasion has emerged as a significant area of focus...

IRS Official: US Tax Evasion Cases Involving Cryptocurrency Surged In 2023

<!-- -->On December 4, the Criminal Investigation (CI) Unit of the United Internal Revenue Service (IRS) reported an increase in...

IRS Criminal Investigation Unit Says Crypto Tax Investigations Surged in 2023 – The Daily Hodl

The U.S. Internal Revenue Service’s (IRS) criminal investigation unit says crypto tax investigations are on the rise. The unit notes in a new annual report...

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