Japan Blockchain Association Pushes For Crypto Tax Revision
The Japan Blockchain Association (JBA), led by Yuzo Kano, Representative Director of bitFlyer Co. Ltd., submitted a formal request to the government to overhaul the...
MEPs Approve Lower Tax On Cryptocurrencies
In a landmark decision, Members of the European Parliament (MEPs) have approved an amendment aimed at reducing taxation on cryptocurrencies. The amendment, proposed by the...
Biden Addresses Crypto Loopholes In Federal Tax System
During his address at the Bidenomics event in Chicago, Illinois, on June 28, President Joe Biden highlighted the loopholes in the cryptocurrency industry. The president...
Japan Excludes Company-Issued Crypto From Market Valuation
On May 20, the National Tax Agency of Japan issued a notice clarifying the interpretation of laws and regulations regarding partial revisions to corporate tax...
Kenya Plans To Introduce Tax On Digital Assets
Kenya’s government has announced its plan to introduce a 3% tax on digital assets, including cryptocurrencies, for the upcoming budget year. In addition, monetization of...
IRS To Issue Crypto Tax Guidance
The US Internal Revenue Service (IRS) is planning to change its approach to cryptocurrency and is hoping to issue crypto tax guidance in around a...
President Biden Proposes 30% Tax on Cryptocurrency Mining Electricity
President Joe Biden’s annual budget proposal has called for a 30% tax on all electricity used for mining cryptocurrencies like Bitcoin. The tax would be...