All by tag: Taxation

The regulator sees them as a threat to financial stability in the country because of the rise in the number of virtual asset transactions

According to the local media reports, the representatives of the South Korean tax agency visited the company without explanation

Amid growing criticism from traders, the country will only introduce a tax on cryptocurrency from next year

Under the new bill, all licensed exchanges will be required to pay a 2% tax on digital services

The head of the exchange noted that the country is attractive with a small tax rate

The project is run jointly with Blockstream and Bitfinex

Each "broker" of digital assets must report on customers’ transactions in cryptocurrency in the amount of more than $10 000

The LDPR representative noted that the government has still not found a solution regarding the legal framework for cryptocurrency mining

The government plans to equate assets with securities and introduce the corresponding taxation

She noted that the company was critical of bitcoin futures ETF in terms of tax implications

Recommendations include clarification of new provisions on income tax on cryptocurrency and benefits for “green” miners

All virtual assets, except NFT, are subject to the act