South Korean tax experts propose gradual two-step crypto taxation
Tax experts in South Korea have proposed a gradual tax imposition for crypto, starting with a low level tax trading before the transfer income tax application.
Latest Taxation News
Crypto exchange Bithumb hit with $68.9M in witholding tax
The crypto exchange’s largest shareholder learned about the taxes days ago after acquiring a majority stake in the firm, intends on seeking legal redress.
This week in tech: Jack Dorsey eyes decentralized social media platform
Jack Dorsey believes social media platforms shoud adapt a decentralized and open source standard, and Twitter is funding the team that will work on this.
Kazakhstan will only tax cryptos once they are sold for fiat
Kazakhstan will eliminate all taxes on cryptocurrency mining and will only tax cryptos once they are sold for fiat currencies.
BTC is not money: UK updates crypto tax guide
The tax agency issued a guide on what it will consider for taxation, while stating that it considers Bitcoin as commodity not currency.