News
Missouri will become the first US state to eliminate the levy if Governor Mike Kehoe signs the bill into law.
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Taxes News
It is hard to define cryptocurrency taxes, because there is a lot of controversy surrounding it today. Society still has no consensus even on whether digital currencies are a property or a currency, and that triggers a huge difference in taxation procedure. The speed of exchange rate flows makes it impossible to establish a taxation time period equally suitable for everyone. Also, there are a lot of cryptocurrencies that were particularly designed to protect user’s anonymity and their protocols wouldn’t allow any government to tax it.
As cryptocurrency market is growing, and its sheer dollar value makes it more likely to catch an attention of regulators. Cryptocurrencies are also a great way of money laundering, so no government will be able to ignore the subject. Today there are a lot of news about new cryptocurrency taxes laws and it looks like there will be more over time.
- News
The US Internal Revenue Service appointed Trish Turner to lead its digital assets unit after two key crypto leaders departed.
2309 - News
The US President previously floated the idea of eliminating the federal income tax altogether and replacing it with import duty revenues.
6037 - News
The legislation proposed by New York Representative Nydia Velázquez came after the Puerto Rico Governor floated a 4% capital gains tax for new applicants.
7002 - News
Jernej Vrtovec, the representative of the New Slovenia opposition party, has slammed the proposal over fears it will stifle crypto growth in the country.
3793 - News
Panama City is among local municipalities, provinces, and national governments that are increasingly receptive to accepting cryptocurrencies as a form of payment.
3015 - News
The trader sold 62 CryptoPunk NFTs in 2021, earning approximately $7.4 million in profit, followed by the sale of 35 more in 2022 for an additional $4.9 million.
6706 - News
The chair of Ukraine’s securities regulator, Ruslan Magomedov, says it made the crypto tax framework for lawmakers to make informed decisions on the various options.
5682 - Market Update
Bitcoin rallied for a second day as spot volumes soared, but geopolitics and a global tariff war could put a lid on BTC’s price upside.
6042 - How to
To simplify filing crypto taxes in the US, you need a 2024–2025 tax year guide that covers IRS regulations, taxable events, forms and tips to simplify your reporting.
1875 - News
Crypto industry professionals say US regulation must clarify banking and stablecoins before focusing on taxes, as Trump-backed reforms push crypto into the spotlight.
63449 - How to
To buy Bitcoin in Australia, you can use CEXs, DEXs, P2P platforms, Bitcoin ATMs or Bitcoin ETFs available on the stock exchange.
5229 - News
US President Donald Trump is expected to sign off on a resolution undoing a rule that requires DeFi protocols to report to US tax authorities.
6682 - Market Analysis
GameStop looks set to join the Bitcoin treasury party alongside Strategy, Metaplanet and MARA. Will this help BTC rise back above six figures?
6951 - Market Analysis
Bitcoin holds the steady near $85,000 as the Coinbase Premium returns and positive comments from the Fed and President Trump add to traders' confidence.
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