News with the tag "Tax"

David Sacks dismissed the idea of 0.01% crypto transaction tax The proposal involves using the tax revenue to establish a US strategic Bitcoin reserve In the past, Donald Trump has supported the elimination of federal income tax, suggesting import tariffs as an alternative White House AI and crypto ...

Exciting news is breaking from the Land of the Rising Sun! Japan, a nation known for its technological prowess and forward-thinking approach, is poised to potentially revolutionize its cryptocurrency landscape. Imagine a world where crypto taxes are significantly slashed, and the doors are flung ope...

Consensys -developed self-custody crypto wallet MetaMask has integrated Crypto Tax Calculator (CTC), aiming to simplify tax season for crypto users. According to the press release, MetaMask is now the only wallet that has embedded this solution directly into the product. This move enables its users ...

The Income Tax Department of India could soon gain powers to monitor people’s crypto holdings. The rule is expected to take effect starting April 1st, 2026, and is subject to massive criticism. Authorities claim that the move is important to modernize investigation of tax evasion. India’s Income Tax...

Japan is about to undergo a major transformation in its crypto regulations. The ruling party has proposed a new framework under the Financial Instruments and Exchange Act. If approved, this could plead to cryptocurrency exchange-traded funds (ETFs) and a significant tax cut on crypto-related earning...

Iris Ramaya Au, the former girlfriend of convicted crypto fraudster Adam Iza, known as “The Godfather,” has agreed to plead guilty to a federal tax charge for failing to report over $2.6 million in illicit income, the U.S. Department of Justice announced on March 5 . According to prosecutors, Au sub...

The U.S. Senate has voted 70-27 to overturn an Internal Revenue Service rule that would have imposed new reporting requirements on decentralized finance brokers. As reported by Business Insider, the motion presented by Senator Ted Cruz, was approved under the Congressional Review Act on Mar. 4, indi...

The U.S. Senate has voted 70-27 to overturn an Internal Revenue Service rule that would have imposed new reporting requirements on decentralized finance brokers. As reported by Business Insider, the motion presented by Senator Ted Cruz, was approved under the Congressional Review Act on Mar. 4, indi...

Recent speculation on X suggests that President Donald Trump may propose eliminating capital gains taxes on cryptocurrency sales. Rumors circulating online indicate that an announcement could come as soon as Friday , though no official confirmation has been provided. While the potential policy has s...

Is the crypto community buzzing with excitement about potential tax relief? Rumors swirled recently, fueled by whispers from digital asset circles, suggesting that former President Donald Trump might be considering a dramatic move: abolishing the crypto capital gains tax. The prospect of such a chan...