Tax reduction 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.

The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders.

According to the most recent Polymarket odds, the former President currently has a 65% chance of winning the Presidential election.

While global markets embrace crypto ETFs, Japan’s strict tax policies and regulatory caution impede further adoption.

Japan’s Financial Services Agency has released plans to overhaul the nation’s tax code, which could lower the tax rate on crypto assets in 2025. 

Japanese minister Takeru Saito hopes to create an environment to lure businesses and developers worldwide.

Four senators are fighting to exempt low-value crypto transactions from federal taxation. Congressional approval for their proposal is long overdue.

Local crypto businesses pushed for a reduction in the 1% TDS to 0.01% to revive its customer base.

Canadian crypto and Web3 startups could benefit from “lower taxes” and regulations that cater to “pre-commercial specialist technology companies,” said a Toronto ETO official.

Did you know it's possible for expats to mostly get out of paying U.S. taxes? We spoke with four tax professionals to get this and other tax-day tips.

The first country to adopt Bitcoin as legal tender has made another radical change to its tax code.

The tax measures aim to promote fundraising using investment tokens and establish the country as an investment hub.

Taxation-wise, the U.S. may be unprepared for the investor rush in the wake of a spot Bitcoin ETF. There is a new tax law but no guidelines.

Domestic firms are required to pay tax on paper gains from their cryptocurrency holdings but under proposed tax reforms, would only need to do so when they sell the asset.

Thanks to the IRS, your favorite decentralized exchange may need to begin asking for your address, birthdate, and other personal information beginning in 2025.