What is CryptoSlate Alpha? CryptoSlate Alpha is a membership designed to empower you with cutting-edge insights and knowledge, built on top of Access Protocol. More about CryptoSlate Alpha › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. You Need More ACS It looks…
The South Korean government on July 21 reportedly postponed the implementation of its 20% crypto tax to 2025, according to South Korean news outlet hankyung. Crypto tax delayed According to the report, the government cited the lack of a proper investor protection system alongside the current unfavorable market condition as why it decided to defer…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Gold Coast Mayor Tom Tate has said residents could pay taxes and rates with cryptocurrency in the future, even as critics and experts point to volatility as a major concern, ABC News reported. Tate reportedly said, “Why can’t we pay rates…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! After losing millions to Terra’s crash, Indian investors who have recovered part of their losses through the LUNA 2.0 airdrop may have to pay taxes equivalent to 30% of the value due to India’s tax policies on cryptocurrency, Bloomberg News reported….
A Barclays report has revealed that crypto investors might not be paying their full taxes to the Internal Revenue Service (IRS), saying that the tax gap for crypto traders could be up to $50 billion, CNBC reported. The tax gap is the difference between tax owed and tax collected. Barclays arrived at this calculation using…
Authorities in India are looking to introduce an additional 28% Goods and Services Tax on cryptocurrencies, CNBC reported. India’s new 28% tax for crypto According to the report, India’s Goods and Service Tax Council considers bracketing crypto investments in the same category as lottery, casinos, racecourses, and betting. The report continued that the council had…
The new crypto tax regime in India has finally gone into effect, and it appears to be affecting the trading volume in the country. Media reports from the country suggest that trading volumes on crypto exchanges have dropped by an average of 15% within the first three days of the month. Not only that, but…
The recently submitted Budget proposal for the 2023 fiscal year reveals that President Biden is looking to generate more tax revenue by adopting new crypto tax reporting rules. A US Treasury Department revenue explanation accompanying the proposal reveals the extent of the new regulations. According to the White House, the government can make up to $11…
Portugal has seen a significant increase in the number of foreign residents, with some estimates showing that the number has increased over 40% in the past decade alone. And while the country’s mild climate, low cost of living, and growing expat community are all a plus, it’s Portugual’s 0% tax on cryptocurrencies that has made…
In 2019 Joshua Jarrett earned block rewards on proof-of-stake networks, paid taxes as if those rewards were income, and in line with IRS’ limited guidance on how block rewards should be taxed. However, Jarrett also asked for a refund, arguing that the rewards should be treated as newly created property and therefore shouldn’t be taxed…