Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,410,240,500,966.65
  • 24h Vol: $53,306,364,294.09
  • BTC Dominance: 56.56%

Tax

imf-economists-suggest-electricity-tax-to-lower-crypto-and-ai-environmental-impact

IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact

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International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing a targeted electricity tax, the authors estimate a potential reduction in emissions by 100 million tons annually, while generating […]

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latam-insights-encore:-bukele-pushes-controversial-substitution-of-national-products-policy-to-fight-inflation,-offers-free-coffee-on-top

Latam Insights Encore: Bukele Pushes Controversial Substitution of National Products Policy To Fight Inflation, Offers Free Coffee on Top

Leave a Comment / Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, duties, El Salvador, Ethereum, imports, inflation, Nayib Bukele, Op-Ed, price gouging, Speculation, Tax / / / , , , , , , , , , ,

Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador. Bukele Passes Import Duties Exemption Bill for a Decade in

Latam Insights Encore: Bukele Pushes Controversial Substitution of National Products Policy To Fight Inflation, Offers Free Coffee on Top Read More »

china-fines-bitmain-$3.6-million-for-tax-violations,-report

China Fines Bitmain $3.6 Million for Tax Violations, Report

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Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices

China Fines Bitmain $3.6 Million for Tax Violations, Report Read More »

bitcoin-profits-deemed-taxable-by-denmark’s-supreme-court

Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court

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Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases, which involve crypto purchases and payments as well as income received from bitcoin mining, uphold decisions of lower courts. Denmark’s High Court Considers Crypto Gains Taxable Under Current Law Profits

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argentine-tax-authority-afip-detects-irregularities-in-184-digital-wallet-tax-statements

Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements

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The Argentine tax authority (AFIP) is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it found irregularities in at least 184 tax statements that include digital wallets and cryptocurrencies. These taxpayers did not include their wallet holdings as part of their 2021 tax statements, leaving close to $7.6 million in

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russian-crypto-industry-queries-government-about-proposed-criminal-liability-for-miners

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

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The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners Read More »

revised-bill-suggests-prison-time-for-russian-crypto-miners-evading-taxation

Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

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A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced Labor Awaits Miners and Traders Who Operate Outside Law,

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Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%

Leave a Comment / 1031 exchange rule, Biden, Biden provision, Bitcoin, bitcoin tax, BTC tax, budget, computational capacity, corporate tax, Crypto Hacked, Crypto investors, Crypto tax, Cryptocurrencies, Cryptocurrency, deficit, Digital Assets, Digital Currencies, Diversification, Economy, Electricity, Ethereum, excise tax, fossil fuel, Internal Revenue Code, IRS, Joe Biden, like-kind exchange, Liquidity, middle-out, Military Spending, Mining, News, phased tax, presidential race, rates, Real estate, Tax, tax bitcoin, tax BTC, tax crypto, tax deferral, tax incentives, tax loopholes, tax planning, taxable gains, U.S. president, ultra-wealthy, wealthy Americans, White house / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration claims it will reduce the deficit by $3 trillion over the next

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30% Read More »

puerto-rico-defines-act-60-tax-exemptions-for-blockchain-companies

Puerto Rico Defines Act 60 Tax Exemptions for Blockchain Companies

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The Economic and Commerce Development Department of Puerto Rico (DDEC) has issued a document in which it defines the rules that blockchain projects must follow to receive tax benefits that the state offers companies. The action seeks to create an “atmosphere of certainty and stability” for blockchain companies, according to DDEC Secretary Luis Cidre. Puerto

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Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says

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Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax Is Due on Profits From Crypto Trades, Bosnia Tax

Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says Read More »