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.
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.
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As Bitcoin’s value surges, tax agencies are ramping up efforts to track crypto transactions, leaving no room for complacency.
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Crypto executives are still waiting for detailed guidance from the White House on issues like securities regulation and taxation.
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As Nigeria grapples with economic challenges, the government is set to introduce a tax on cryptocurrency transactions. This move appears to be an effort to tap into the burgeoning digital economy and the informal sector.
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Japan’s Liberal Democracy Party takes a proactive approach to crypto regulations as the country softens its stance toward digital assets.
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Spring is almost here, which means it’s time for crypto investors to pay the piper — the IRS. Taxbit’s Miles Fuller tells The Agenda how Trump and DOGE are shaking up regulation.
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In Canada, you can buy Bitcoin on centralized exchanges, decentralized exchanges, Bitcoin ATMs and other options. You can also buy Bitcoin ETFs.
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Bitcoin-stacking Metaplanet bought at $96,185, while El Salvador bought at around $94,050 per Bitcoin.
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The legislation also requires state pension funds to evaluate investing in crypto exchange-traded funds, and covers the right to self-custody and crypto mining.
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Prior to the 16th Amendment, which was ratified in 1913, the United States did not have a permanent income tax levied on citizens.
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Ver was arrested in Spain last April and charged with tax evasion, with US authorities claiming he underreported capital gains made from Bitcoin sales in 2014.
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DOGE admitted to clerical errors in its estimated savings, but observers say they haven’t been properly reflected in its documentation.
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The US Senate confirmed former Cantor Fitzgerald CEO and crypto advocate Howard Lutnik as President Donald Trump’s commerce secretary.
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“I believe I acted appropriately with respect to my taxes,” Dan Morehead said in a statement, adding that he moved to Puerto Rico in 2021.
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Japan’s Financial Services Agency said the action was not about “shutting down crypto investing,” but “drawing a line in the sand” for noncompliant exchanges.
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