​WSJ learns of Biden’s plans to change the taxation of cryptocurrencies

Mar 9, 2023

​WSJ learns of Biden’s plans to change the taxation of cryptocurrencies

The measure should bring the US budget an additional $24 billion

​Russia’s Ministry of Finance supports the tax rate for miners in the amount of 7-20%

Jan 25, 2023

​Russia’s Ministry of Finance supports the tax rate for miners in the amount of 7-20%

At the moment, the deputies are discussing various taxation options — from the UTII to the income tax

​US Internal Revenue Service makes it compulsory to pay tax on profits from staking

Jan 24, 2023

​US Internal Revenue Service makes it compulsory to pay tax on profits from staking

In addition, taxpayers will have to pay part of the profits from airdrops, hard forks, and mining

​UK imposes tax breaks on crypto assets for foreigners

Jan 3, 2023

​UK imposes tax breaks on crypto assets for foreigners

The initiative is part of Prime Minister Rishi Sunak’s plans to turn the country into a crypto hub

​European Commission proposes to oblige crypto companies to disclose data on client transactions

Dec 8, 2022

​European Commission proposes to oblige crypto companies to disclose data on client transactions

If approved by the European Parliament and the European Council, the new rules will affect all firms and may come into force on January 1, 2026

Italy proposes to impose a 26% tax on gains from cryptocurrencies

Dec 1, 2022

Italy proposes to impose a 26% tax on gains from cryptocurrencies

The rate will apply to amounts of income exceeding €2000

OECD develops an international taxation system for digital assets

Oct 11, 2022

OECD develops an international taxation system for digital assets

Stablecoins, crypto derivatives, and some NFTs will be supervised by the organization

Portugal to impose a 28% tax on gains from cryptocurrencies

Oct 11, 2022

Portugal to impose a 28% tax on gains from cryptocurrencies

The fee will be charged for gains on assets held for less than one year

EU votes to modernize taxation with blockchain

Oct 4, 2022

EU votes to modernize taxation with blockchain

The European Commission has yet to clearly define possible taxable events

Brazilian police raids six crypto exchanges

Sep 24, 2022

Brazilian police raids six crypto exchanges

Law enforcers ordered the freezing of the suspects’ assets totaling $238 million

South Korean authorities recover from tax debtors $184 million in cryptocurrency

Sep 22, 2022

South Korean authorities recover from tax debtors $184 million in cryptocurrency

The largest recovery from a defaulter was more than $8 million

Japan’s regulator proposes to ease taxation of crypto companies

Sep 1, 2022

Japan’s regulator proposes to ease taxation of crypto companies

The easing of the rules is aimed at implementing the concept of “New Capitalism” from Japanese Prime Minister Fumio Kishida