Tax news articles
U.S. Crypto Tax Proposal Lets Miners off the Hook, Snares ‘Some’ Decentralized Exchanges
The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe f...
South Korean City Announces Plan To Seize Crypto Assets Of Local Tax Evaders
The government of Cheongju City, located in the central region of South Korea, is looking to confiscate virtual assets such as Bitcoin from ...
CoinDCX Reduces Workforce By 12% Amid Crypto Trading Slump In India
Indian crypto exchange, CoinDCX, finds itself in trouble, announcing a notable reduction in its staff by 12% this week. The decision comes a...
Coin Center responds to US lawmakers’ request for crypto tax guidance
Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related ...
Crypto mining sector now has a lobby in Washington
DEC founder and President Tom Mapes said he sees crypto mining firms as energy companies of the future. The mining sector has been at the re...
SBF jailed, FTX partners under attack: Law Decoded
The FTX affair continues to unravel. Sam Bankman-Fried, the former CEO of the failed crypto exchange, will be held in jail through the end o...
Brazil’s Congress moves to levy higher taxes on cryptocurrencies
Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local repor...
Apple’s 30% tax rules will stay for now, crypto and NFTs may have to wait
Crypto app developers hoping for a loosening of Apple’s App Store rules will have to wait longer after a United States Supreme Court h...
Futures Rise On Hope China’s Deflation Will Lead To More Policy Easing
S&P futures point to a higher open after China officially entered into deflation with -0.4% CPI print, continuing the buying momentum fr...
Sentiment inches higher in light newsflow, US 10yr due – Newsquawk US Market Open
European bourses are firmer as the tone improves while US futures attempted to claw back recent downside DXY dips under 102.50, Yuan in focu...
A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?
Senators have told the IRS to hurry its regulations on brokers reporting crypto transactions while crypto lobbyists question whether the del...
FTX has a plan, but creditors are not impressed: Law Decoded
FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave t...