South Korea finance minister plays down calls to postpone digital currency taxation
The government will push through with the tax laws which will take effect early next year despite opposition from the majority party, according to the minister.
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Why blockchain has not yet become widely used and what will it take to make it happen? – Part 2
Ivan Assenov continues the observation of what is holding blockchain from its potential, this time looking at how governance and politics influences acceptance of blockchain.
Democrats pushing to close digital currency tax loophole via wash-sale rule
The Biden administration said the law would not apply to non-custodial actors, but there is still some debate as to how the bill is drafted and what this could mean for the wider sector.
Digital currency tax guidance still a priority for IRS
The IRS released a joint Priority Guidance Plan for ‘21-‘22 with Treasury and it lists its intention to issue tax guidance for digital currencies as a priority.
Slovenia financial regulator calls for 10% tax on digital currency income
The Financial Administration of the Republic of Slovenia said it was considering the introduction of the charge on digital asset activity, in an upgrade to its current approach to taxing digital currency gains.
US Treasury seeking stricter digital currency reporting rules in $3.5T budget framework
The U.S. Treasury pushed for strict reporting rules for digital currency holders in its $1 trillion Infrastructure Bill and is now pushing further in new bill.
Iranian tax agency calls for legal digital currency exchanges
The Iranian National Tax Administration put forward proposals for a new legal regime for digital currency trading, following a recent announcement by President Hassan Rouhani that measures would be introduced.
Meltdown as Biden infrastructure bill causes panic in digital currency sector
The digital currency industry experienced somewhat of a meltdown over the course of the last few days due to a clause in the Biden administration’s Infrastructure Bill.
White House: US digital currency tax enforcement will pay for new infrastructure
Enforcement of the digital currency tax in the United States will help pay for infrastructure under a new bipartisan deal, according to comments emanating from the White House.
Israel new draft bill seeks reporting for digital currency holdings above $61K
The bill is seeking to increase the amount of tax the Israeli government collects from the industry, but several leaders in the space are already up in arms against it.
South Korea to seize digital currencies from tax dodgers in proposed law
To help share the burden of taking care of its aging population, the South Korean government has been hiking taxes for the wealthy and cracking down on money laundering.
Kazakhstan block reward miners face new energy costs in 2022
President of the Republic of Kazakhstan Kassym-Jomart Tokayev signed the law that will introduce a new tax levy on block reward mining companies operating in the country.