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Tax
Indonesia Considers Levying Tax on Crypto Profits
The country is seeking to bolster revenue amid COVID-19.
Taxing Crypto Trading Gains ‘Inevitable,' Says South Korea Finance Minister: Report
Crypto traders’ gains will be subject to 20% tax on profits over 2.5 million won (~$2,250) from January 2022.
Seoul Seizes Tax Dodgers' Crypto From Exchanges: Report
The department has seized around 25 billion won ($22 million) in digital assets from 676 of the alleged tax evaders.
Bitcoin Leads Price Sell-Off Across Crypto Markets as Biden Tax Plan Bites
Bitcoin falls as Biden's plan to raise capital gains tax hurts risk appetite.
Kentucky Governor Signs Tax Breaks for Crypto Miners Into Law
The commonwealth wants to become a hub for energy-heavy businesses like crypto mining.
IRS Initiates ‘Operation Hidden Treasure’ to Root Out Unreported Crypto Income
“These transactions are not anonymous,” the IRS' national fraud counsel said. “We see you.”
Switzerland's 'Crypto Valley' Has Started Accepting Bitcoin, Ether for Tax Payments
Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.
Russia's Crypto Tax Bill Passes First Reading at State Duma
The bill proposes to recognize cryptocurrency as property for purposes of taxation.
Russia's Lower House to Consider Bill on Crypto Taxation This Week
If passed the bill would amend tax laws to recognize digital currencies as a form of property.
South Africa's Tax Agency Is Clamping Down on Crypto Users: Report
The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.
