News with the tag "Tax"

Bybit, a popular cryptocurrency exchange, has announced that it will start charging an 18% Goods and Services Tax (GST) for Indian users from July 7, 2025. This move is part of the platform’s effort to comply with India’s evolving tax regulations. However, it comes at a time when Indian investors ar...

Wyoming Senator introduces comprehensive crypto tax reform addressing compliance. The $300 de minimis rule eliminates taxation on small digital asset transactions. Mining and staking income are deferred until the actual sale of produced assets occurs. Senator Cynthia Lummis of Wyoming has introduced...

BitcoinWorld Trump Bill: Historic ‘One Big Beautiful Bill Act’ Poised for Signature The halls of Washington D.C. have been buzzing, and now the gavel has fallen on a monumental piece of legislation. The U.S. House of Representatives recently passed what’s being dubbed the “One Big Beautiful Bill Act...

A sweeping crypto tax overhaul promises to unlock everyday digital asset use by slashing compliance burdens, exempting small transactions, and aligning crypto with traditional finance rules. De Minimis Rule Aims to Eliminate Tax Headaches for Small Crypto Payments Tax policy momentum is building as ...

BitcoinWorld Crypto Tax Reform: Senator Lummis’s Bold Bill Seeks Trump’s Nod The cryptocurrency world is buzzing with renewed hope as Senator Cynthia Lummis, a prominent Republican from Wyoming, once again steps forward with a significant push for crypto tax reform . This isn’t just another bill; it...

U.S. Senator Cynthia Lummis has introduced a cryptocurrency tax legislation proposal aimed at enacting a comprehensive digital asset tax framework in the United States. Lummis, who leads the Senate Banking Committee’s digital assets subcommittee, unveiled the crypto tax proposal on July 3, 2025, a d...

Tax proposals meant to reduce burdens among crypto users, including one that would waive capital-gains calculations for small-scale transactions, didn't make it into President Donald Trump's marquee budget bill but are now being pursued as standalone legislation in the U.S. Senate. Senator Cynthia L...

BitcoinWorld Bitcoin Breakthrough: Addentax Unveils Monumental $1.3 Billion BTC Acquisition Plan In a move that has sent ripples through both the traditional finance and cryptocurrency sectors, Nasdaq-listed Addentax (ATXG) has signaled its intent to make a colossal Bitcoin acquisition . This isn’t ...

Brazil’s new 17.5% flat crypto tax replaces previous exemptions and now applies to all digital asset gains.

BitcoinWorld Cryptocurrency Tax Relief: US Senate Budget Bill Skips Crypto Provisions Are you a cryptocurrency enthusiast keeping a close eye on legislative developments in the United States? If so, you’re likely to find the latest news from the US Senate a significant moment. In a move that has man...