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Tax
Argentina to Tax Crypto Exchanges
The Latin American country will levy a 0.6% tax on the exchanges on cryptocurrency purchases and sales.
Market Wrap: Cryptocurrency Sell-Off Stabilizes Amid US Tax Concerns
Bitcoin’s price declined about 5%, but later stabilized around $60K.
Why Crypto Should Modify the Section 6050i Tax Change, Not Fight It
The amendment requires people engaged in “trade or business” to collect information about those who make purchases in excess of $10,000 using banknotes and coins.
US House Passes Unamended Infrastructure Bill to President Joe Biden
The U.S. House of Representatives passed a $1.2 trillion bipartisan infrastructure bill with a controversial cryptocurrency tax reporting requirement, which is now awaiting President Joe Biden's signature. Executive Director of crypto trade group Blockchain Association Kristin Smith discusses the possible benefits and consequences of the bill for miners, crypto holders, and their taxes.
Florida’s Miami-Dade County to ‘Study Feasibility’ of Paying Taxes With Crypto
The county’s Cryptocurrency Task Force will also offer recommendations around other potential policies related to crypto that could prove advantageous.
TaxBit Courts Corporate America With Crypto Accounting Software
BlockFi will be the first customer of TaxBit’s new “Corporate Accounting Suite.”
South Korea’s Ruling Party Looks to Delay Next Year’s Crypto Taxation in Amendment: Report
The amendment would delay the tax until 2023.
El Salvador to Exempt Foreign Investors From Tax on Bitcoin Profits: Report
The country is attempting to encourage foreign investment, having adopted bitcoin as legal tender.
Slovenia Financial Agency Proposes New 10% Crypto Tax
The measure is supposed to make cryptocurrency-related tax reporting easier.
