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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.