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Tax

Indonesia proposes tax on digital currency transactions
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3 May, 2021

Indonesia proposes tax on digital currency transactions

The Indonesian Commodity Futures Trade Regulatory Agency has proposed a final income tax on any transaction involving a digital currency,...
Ohio lawmaker proposes bill for stricter digital currency tax reporting
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26 April, 2021

Ohio lawmaker proposes bill for stricter digital currency tax reporting

Senator Rob Portman said he hoped the bill would attract bipartisan support, as a measure for tackling the problem of...
Seoul seizes $22M from digital asset exchange accounts over back taxes
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23 April, 2021

Seoul seizes $22M from digital asset exchange accounts over back taxes

The Seoul metropolitan government said this week it had found and even seized such assets from over 600 "tax delinquents"—individuals...
South Korea pledges crackdown on money laundering via digital currencies
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23 April, 2021

South Korea pledges crackdown on money laundering via digital currencies

The South Korean government is reportedly preparing to ramp up regulation against digital currency, in a bid to more readily...
Spanish tax authorities warn of new digital currency related fines
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19 April, 2021

Spanish tax authorities warn of new digital currency related fines

The Ministerio de Hacienda said digital holdings were considered taxable income by the authorities, and that there were sizable penalties...
UK updates digital currency tax treatment to account for staking
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5 April, 2021

UK updates digital currency tax treatment to account for staking

Her Majesty’s Revenue and Customs published the updated guidance to address the issue of proof-of-stake rewards, which had previously been...
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