Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $3,600,643,817,215.48
  • 24h Vol: $475,668,407,688.31
  • BTC Dominance: 53.12%

Taxes

south-africa-leverages-ai-to-track-down-tax-dodging-crypto-traders

South Africa Leverages AI to Track Down Tax-Dodging Crypto Traders

Leave a Comment / Artificial intelligence (AI), Bitcoin, crypto assets, Crypto Hacked, crypto south africa, crypto traders, Cryptocurrency, Ethereum, Regulation, Taxes / / / , , , , ,

The South African government is tightening its grip on cryptocurrency trading. Tax authorities (SARS) are issuing tax notices and clarifying regulations, likely using AI to identify non-compliant traders. The central bank meanwhile has clarified rules for crypto purchases, allowing individuals limited investment but restricting companies. SARS Using AI to Track Down Tax Dodgers South African […]

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Insiders Report Kamala Harris Backs Biden’s Plan to Tax Unrealized Gains

Leave a Comment / Biden budget proposal, Bitcoin, commondreams.org, corporate tax hike, Crypto Hacked, Cryptocurrency, economic divide, Ethereum, Kamala Harris, multimillionaires, Norwegian billionaires, tax policy, Taxes, unrealized gains, wealth exodus / / / , , , , , , , , , ,

As Kamala Harris eyes the presidency, reports highlight the Harris-Walz campaign’s backing of President Joe Biden’s budget proposal. This plan seeks to raise capital gains to 44.6% and introduces a 25% minimum tax on unrealized gains for Americans with over $100 million in wealth. Harris is also targeting an increase in the corporate tax rate,

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Binance Hit With $87 Million Tax Bill in India

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Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned over Rs 4,000 crore from transaction fees

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China Fines Bitmain $3.6 Million for Tax Violations, Report

Leave a Comment / Bitcoin, Bitmain, China, chinese, Crypto, Crypto Hacked, crypto mining, Cryptocurrencies, Cryptocurrency, Ethereum, income tax, Mining, Mining Devices, mining equipment, mining hardware, mining machines, mining rigs, Tax, tax authority, tax violations, Taxation, Taxes / / / , , , , , , , , , , , , , , , , , ,

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

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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

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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

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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

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UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

Leave a Comment / annual budget, banking sector, Bitcoin, British financial system, combat tax evasion, criminal offenses, crypto assets, Crypto Hacked, Cryptocurrency, Cryptocurrency Assets, cryptocurrency investors, economic stability, Ethereum, Exchequer, Finance Minister, Government Gateway Service, industry, Internal Revenue Code, Jeremy Hunt, Joe Biden, loophole, proposed changes, public services, Section 1031, self-assessment tax forms, Silicon Valley Bank, spring 2023 budget, tax avoidance, tax policies, tax records, tax year, Taxes, taxes UK crypto, taxpayers, Transparency, Treasury, U.K. subsidiary, UK crypto taxes, UK Taxes, United Kingdom, US President / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s

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Spanish Tax Agency Puts Crypto in Its Sights for the Upcoming Tax Season

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The Spanish tax agency has included crypto as part of its new guidelines for this year’s upcoming tax collection season. Apart from boosting the channels for voluntary tax applications, the agency will potentiate the investigation of cryptocurrency in digital payments, including potentially seizing cryptocurrency associated with tax debts and criminal activity. Spanish Tax Agency to

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Brazilians Will Be Able to Pay Taxes With Crypto

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Brazilians will now be able to pay part of their state taxes using cryptocurrencies. Banco do Brazil, a mixed ownership bank, is launching the option of paying a set of taxes with crypto, using Bitfy, a Brazilian cryptocurrency startup, as a payment processor, exchanging the cryptocurrencies paid for Brazilian reals on the fly. Brazilians Will

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