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tax

South Korea pledges crackdown on money laundering via digital currencies
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23 April, 2021

South Korea pledges crackdown on money laundering via digital currencies

The South Korean government is reportedly preparing to ramp up regulation against digital currency, in a bid to more readily...
Spanish tax authorities warn of new digital currency related fines
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19 April, 2021

Spanish tax authorities warn of new digital currency related fines

The Ministerio de Hacienda said digital holdings were considered taxable income by the authorities, and that there were sizable penalties...
UK updates digital currency tax treatment to account for staking
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5 April, 2021

UK updates digital currency tax treatment to account for staking

Her Majesty’s Revenue and Customs published the updated guidance to address the issue of proof-of-stake rewards, which had previously been...
Block reward miners get tax breaks in Kentucky
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31 March, 2021

Block reward miners get tax breaks in Kentucky

Kentucky Governor Andy Beshear has signed a pair of legislative bills that enable block reward miners to take advantage of...
India to require companies to disclose digital currency holdings
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30 March, 2021

India to require companies to disclose digital currency holdings

Officials at the Ministry of Corporate Affairs processed an amendment to Schedule III of the Companies Act, 2013, requiring companies...
South Korea authorities to do more to tackle digital currency tax evasion
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18 March, 2021

South Korea authorities to do more to tackle digital currency tax evasion

The National Tax Service has identified some 2,400 suspected tax evaders relying on digital currencies to hide their assets, thought...
Kentucky seeks to lure block reward miners with tax and energy incentives
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18 March, 2021

Kentucky seeks to lure block reward miners with tax and energy incentives

The U.S. state will issue tax and energy incentives to the miners in a move they hope will create jobs...
US Congress reintroduces bill excluding digital currencies from securities laws
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15 March, 2021

US Congress reintroduces bill excluding digital currencies from securities laws

The Token Taxonomy Act would also exempt swaps between digital currencies from taxation as well as change the tax structure...
Turkish Treasury exploring digital currency with regulators
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6 March, 2021

Turkish Treasury exploring digital currency with regulators

The Turkish Ministry of Treasury and Finance tweeted that it was beginning work with a number of regulatory bodies to...
South Korea back on track to roll out 20% digital currency tax by 2022: report
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26 February, 2021

South Korea back on track to roll out 20% digital currency tax by 2022: report

South Korea is reportedly bringing forward—yet again—plans for a tax on digital currency profits, which will see gains liable to...
India gov’t proposes 2 new taxes despite pending digital currency ban
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19 February, 2021

India gov’t proposes 2 new taxes despite pending digital currency ban

The measures would apply from the 2020-21 tax year, and are expected to be brought in by a circular, according...
Russian lawmakers draw up bill for digital currency tax
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18 February, 2021

Russian lawmakers draw up bill for digital currency tax

Domestic residents from Russia and elsewhere, as well as domestic and foreign organizations established in the country, will be covered...