Spain passes new crypto asset declaration law for citizens
A new law approved by Spain’s Council of Ministers will oblige private citizens to declare their cryptocurrency holdings, in a landmark development for crypto regulation.
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Draft bill seeks ‘tax holiday’ for crypto companies in Ukraine
A bill proposed by lawmakers in Ukraine could see the country’s fledgling cryptocurrency sector benefit from a “tax holiday,” as part of a package of measures designed to foster the development of the sector there.
Spain introduces law to force investors to reveal crypto holdings
A local news outlet in the country, reported that the government has signed off on a draft bill that would force crypto investors to reveal their holdings in order to properly assess taxes on the digital assets.
Japan looking at ways to simplify crypto tax filings: report
This week, reports surfaced that Japan's Tax Commission is considering how to simplify the current tax filing system to include cryptocurrency.
US lawmakers want IRS to clarify guidelines on crypto tax
Five legislators in the United States have sent an open letter to the Internal Revenue Service (IRS), urging the tax agency to update its cryptocurrency tax guidelines.
Ukraine Parliament wants significant tax on crypto profits
The government of Ukraine has proposed a bill, which was backed by 23 government officials that would introduce another 18% tax on crypto-related profits by businesses.
Polish bill seeks to clarify tax regime on crypto activities
Polish lawmakers have drafted a bill that will classify procedures in filing taxes related to cryptocurrency activities, including trading and mining.
Crypto in Africa: Gov’ts hold back on crypto regulation, South Africa drafts tax law
The blooming cryptocurrency industry in Africa continues to operate in legal gray areas as it progresses upwards. While other countries worldwide give cryptos attention with intention of regulating them, their African counterparts remain reluctant to make any substantial moves.
Bill seeks to tax Ukraine residents 5% on crypto profits
The Ukranian government may soon impose a 5% tax on all cryptocurrency profits from mining or sales when these are exchanged to fiat. This is in addition to a mandatory 1.5% tax rate, which Ukranians owe the country since the beginning of a conflict in the East.
Crypto tax software startup Libra raises $15M in Series B funding
Libra’s new funding will help to continue developing the Libra Crypto Office platform and the release of new products and services. The conclusion of Series B funding raises Libra capital to $24.8 million.
South Korea may soon strip tax perks from crypto exchanges
The South Korean government proposed a revision to the country's existing tax law that would remove crypto exchanges from the small and medium enterprise (SME) category.
Japanese Tax Agency clarifies crypto tax obligations
Japan's National Tax Agency, the Financial Service Agency and organizations in the cryptocurrency space unveiled a new method that could ultimately make it easier for tax payments to be made.