Tax

Turkey eyes 0.03% tax on digital asset transactions: report
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24 June, 2024

Turkey eyes 0.03% tax on digital asset transactions: report

The new tax is part of a larger proposal by the Erdogan government to raise $7 billion to plug a...
Nigeria demanded $150M bribe from Binance: report
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17 May, 2024

Nigeria demanded $150M bribe from Binance: report

The New York Times reported on the alleged bribe, with Binance CEO Richard Teng finally breaking his silence last week...
Bill aims to provide tax clarity on staking digital currencies
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7 May, 2024

Bill aims to provide tax clarity on staking digital currencies

Rep. Drew Ferguson (R-GA) says the U.S.’ approach to digital asset rewards is overly complex, leading to confusion, double taxation,...
Canada to enforce new ‘crypto’ tax guidelines by 2026
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25 April, 2024

Canada to enforce new ‘crypto’ tax guidelines by 2026

Canada has pledged to enforce the Crypto-Asset Reporting Framework (CARF), which aligns with OECD standards, one year before they take...
IRS bares new digital asset reporting form for US taxpayers
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23 April, 2024

IRS bares new digital asset reporting form for US taxpayers

Under the IRS' latest tax rule, anyone considered a digital asset broker must prepare Form 1099-DA for customers who sell...
IRS warns ‘crypto’ fans to include digital asset income on tax return … or else
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16 April, 2024

IRS warns ‘crypto’ fans to include digital asset income on tax return … or else

Partnering with Chainalysis, the IRS insisted on the need for digital asset sales to be reported on businesses' tax returns,...
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