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Tax

Hostile mining bill on hold until 2025 as Texas concludes legislative session
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2 June, 2023

Hostile mining bill on hold until 2025 as Texas concludes legislative session

Bill 1751 seeks to slash the tax breaks BTC miners enjoy in Texas, while bill 1666 wants exchanges to hold...
Metamask reserves right to withhold taxes—What’s going on?
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24 May, 2023

Metamask reserves right to withhold taxes—What’s going on?

ConsenSys, the company behind Metamask, clarified that it did not mean it would withhold taxes on digital currency transactions as...
EU to extend tax data-sharing rules to digital assets
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15 May, 2023

EU to extend tax data-sharing rules to digital assets

Under the proposed DAC8, entities and individuals seeking to provide digital asset services in the EU would be mandated to...
Kazakhstan earned $7M in taxes from digital asset miners
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10 May, 2023

Kazakhstan earned $7M in taxes from digital asset miners

The country started taxing miners in January 2022, and it has paid off, netting $7 million for Kazakhstan. The country...
Kenya to tax digital assets, NFTs in proposed bill
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9 May, 2023

Kenya to tax digital assets, NFTs in proposed bill

Kenya will impose a 3% tax on the transfer of digital assets and NFTs under the proposed 2023 Financial Bill...
White House wants to ‘make miners pay’ for wasteful energy usage
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4 May, 2023

White House wants to ‘make miners pay’ for wasteful energy usage

The White House proposes the Digital Asset Mining Energy (DAME) excise tax on such operations, which would phase in to...
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