Regulation
Biden administration proposes 30% crypto mining tax, closing wash-trading loopholes
The U.S. has proposed an excise tax on cryptocurrency miners equal to 30 percent of the cost of the electricity they use.
Danny Park
Lens
Tax
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Regulatory News
A crypto regulatory storm front is coming in 2023. Are we ready for it?
Laws to prevent another FTX blowup, crackdowns on crypto tax cheats, and a ruling on Ripple are likely imminent. A bull’s eye is also on DeFi, writes Gergo Varga of SEON.
Gergő Varga
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Altcoins
NFT December sales surge to highest since June amid ‘tax-loss harvesting’
Slump in prices of some non-fungible tokens and other digital assets allows U.S. holders to take advantage of a loophole to reduce capital gains taxes.
Timmy Shen
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Bitcoin News
Alameda Research transfers spark suspicions as SBF denies involvement
Top blockchain and crypto news: Where is Alameda Research’s money going? US tax loophole may give crypto investors a break. China's blockchain momentum builds.
Forkast.News
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Regulation
‘Tis the season for crypto tax-loss harvesting: IRS, regulators remain silent on crypto tax loophole ahead of new year
The past year has been tumultuous for crypto investors, with a bear market wiping out over half of Bitcoin's market capitalization. However, with the end of the American tax year just days ahead, taxpayers could get some money back.
Dylan Butts
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Regulation
Japan plans to ease corporate tax rates for cryptocurrency issuers
Japan’s ruling party approved a proposal that exempts companies issuing crypto from taxes on unrealized gains on retained tokens.
Danny Park
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Regulation
Will the next wave of FTX victims be unwitting tax cheats?
When a crypto exchange fails, will your transaction records vanish, too? Here’s why investors should take responsibility over their own trading data.
Izzat-Begum Rajan
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Regulation
Australian 2022 budget confirms digital assets will not be taxed as foreign currency
The Australian Government has clarified that cryptocurrency will continue to be taxed as an asset class instead of a foreign currency in its 2022 budget released on Tuesday.
Lachlan Keller
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Regulation
New IRS tax language tweaked to include NFTs
The IRS updated its annual income tax instructions in a Monday draft that does away with the taxable category "virtual currency" and replaces it with the term "digital assets," which explicitly includes NFTs.
Dylan Butts
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Regulation
India’s crypto taxes provide headache for many, opportunity for some
One company says it’s bringing solutions for confused investors in digital assets in India who grapple with hours of tax calculations.
Pradipta Mukherjee
