News with the tag "Taxation"

As the inaugural crypto summit looms, speculation swirls around a potential policy overhaul. At the center of this excitement is the realization of Eric Trump’s zero crypto tax policy, which has sparked a heated debate. The key point of contention is whether Donald Trump will abolish the crypto capi...

The world of decentralized finance (DeFi) just witnessed a potentially game-changing development! In a move celebrated by the crypto industry, the U.S. House Ways and Means Committee has taken a significant step towards reversing a controversial IRS tax rule that has been hanging over the DeFi secto...

Is the crypto landscape in South Korea facing a seismic shift? Recent reports indicate that the Korean tax authority , officially known as the National Tax Service (NTS), has initiated rigorous tax audits targeting prominent crypto exchanges Upbit and Korbit. This development has sent ripples throug...

Nigeria’s Securities and Exchange Commission is working to bring licensed crypto exchanges into the formal tax system, with a related bill likely to pass in early 2025. Nigeria Aims to Increase Revenue The Nigerian Securities and Exchange Commission (SEC) has announced it is working to bring transac...

In an effort to intensify regulations over the digital asset market, the Nigerian government is introducing crypto taxation. Nigeria’s Securities and Exchange Commission (SEC) is spearheading a major regulatory reform aimed at incorporating cryptocurrency transactions into the country’s tax framewor...

The crypto community is amazed by the reports of zero capital gains tax on U.S.-based crypto projects. The move comes amid Donald Trump’s decision to make crypto a national priority regarding crypto policy and regulations, starting with signing an executive order to develop the national digital asse...

Pro-XRP lawyer John Deaton has raised critical questions regarding tax exemptions for U.S.-based cryptocurrency projects. His remarks focus on identifying which projects qualify for the proposed zero capital gains tax and the implications for companies with global affiliations. Crypto Lawyer John De...

This week, The Wall Street Journal highlighted potential tax complications for the publicly traded company Microstrategy, particularly concerning unrealized gains. According to the report, the Corporate Alternative Minimum Tax (CAMT), introduced under the Biden administration, could impose a notable...

At the WAGMI conference held in Miami on Friday, Aaron R. Day, the Chairman and CEO of the Daylight Freedom Foundation, delivered a compelling address centered on Roger Ver’s troubles with the U.S. government. During his speech, Day emphasized to the audience the gravity of the matter, describing it...

The US crypto ecosystem is foreseeing potential developments under President Donald Trump, with the formation of a Crypto Council being a top priority. While the White House’s Crypto Council is expected to enhance crypto policies, pro-XRP attorney John Deaton outlined four key areas the body should ...