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tax

Apple wants a piece of the NFT pie
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27 October, 2022

Apple wants a piece of the NFT pie

Apple laid out good use cases for NFTs and confirmed that its 30% "Apple Tax" will apply to in-app purchases,...
Portugal makes provision for digital asset tax in new budget draft
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12 October, 2022

Portugal makes provision for digital asset tax in new budget draft

The proposed tax plans have left a bad taste in the mouth of digital currency enthusiasts as the country had...
South Korea tax agency seizes nearly $200M in digital assets from tax offenders
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27 September, 2022

South Korea tax agency seizes nearly $200M in digital assets from tax offenders

South Korea stresses the need to uphold fair taxation principles as it busted digital asset investors who failed to settle...
Colorado now accepts digital asset payments for taxes
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23 September, 2022

Colorado now accepts digital asset payments for taxes

Gov. Jared Polis made good on his promise earlier this year, announcing on September 19 that Colorado residents can now...
Michael Saylor, MicroStrategy sued for tax fraud by D.C. Attorney General
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1 September, 2022

Michael Saylor, MicroStrategy sued for tax fraud by D.C. Attorney General

District of Columbia Attorney General Karl A. Racine announced that his office was suing the MicroStrategy founder over allegedly having...
Levy on digital asset airdrops sought in South Korea
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26 August, 2022

Levy on digital asset airdrops sought in South Korea

South Korea heightens its digital asset regulation with the finance ministry announcing that airdropped assets are now subject to a...
Oklahoma approves bill cutting costs for block reward miners
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3 May, 2022

Oklahoma approves bill cutting costs for block reward miners

The lower chamber of the state Senate in Oklahoma approved the bill, which seeks to tax block reward miners like...
US now defines Bitcoin and digital assets as cash—for large transaction reporting
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31 January, 2022

US now defines Bitcoin and digital assets as cash—for large transaction reporting

The U.S. Infrastructure Bill has a number of new rules aimed at controlling digital asset use, including an eight-word alteration...
IRS updates digital currency question in 1040 tax form
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16 December, 2021

IRS updates digital currency question in 1040 tax form

The tax agency posted its 1040 form last year to ask about virtual assets; however, a query led to confusion...
South Korea postpones 20% digital currency tax to 2023
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5 December, 2021

South Korea postpones 20% digital currency tax to 2023

The country’s National Assembly resolved to push the tax after months of fierce back and forth between the government and...
New US infrastructure bill spells complications for DeFi
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10 November, 2021

New US infrastructure bill spells complications for DeFi

After much deliberation and debate, the $1.2 trillion bipartisan infrastructure bill passed 228-206, making funds available for much-needed upgrades to...
Slovenia finance ministry opens consultation on new digital currency laws
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2 November, 2021

Slovenia finance ministry opens consultation on new digital currency laws

The bill is set to be limited to the use of digital currencies for buying and selling, and the conversion...