IRS Likely to Delay Crypto Exchange Reporting

The Biden administration seems poised to delay when it expects cryptocurrency brokers and exchanges to start reporting on their clients’ trading.

The post IRS Likely to Delay Crypto Exchange Reporting appeared first on BeInCrypto.

Russian Lender Executes Country’s First Digital Asset Transaction

One of the largest state banks in Russia, VTB, reportedly executed the country’s first cash-backed digital financial asset transaction with a fintech company.

The post Russian Lender Executes Country’s First Digital Asset Transaction appeared first on BeInCrypto.

Russian Lawmakers Approve Draft Law Amending Crypto Taxes

Lawmakers in Russia have approved a draft law potentially removing value-added tax from the issuance of digital assets and cryptocurrencies.

The post Russian Lawmakers Approve Draft Law Amending Crypto Taxes appeared first on BeInCrypto.

Albania Looks to Introduce Crypto Taxation From 2023, Says Report

Albania is reportedly planning to tax income generated from crypto assets from 2023, according to a new draft law.

The post Albania Looks to Introduce Crypto Taxation From 2023, Says Report appeared first on BeInCrypto.

India Clarifies On Crypto Tax, Smart Move or More Burden?

In a detailed guideline, the Ministry Of Finance provided further details on the 1% TDS applicable to the transfer of cryptocurrencies. The rule will apply to all considerations which exceed Rs. 50,000 in value for certain specified persons and Rs.10,0…

Australian mayor suggests crypto as tax payment option

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.

The post Australian mayor suggests crypto as tax payment option appeared first on CryptoSlate.

Indian Terra investors facing 30% tax on LUNA 2.0 airdrop despite losses

After losing millions to Terra’s crash, Indian investors who have recovered part of their losses through the LUNA 2 airdrop may have to pay taxes equivalent to 30% of the value due to India’s tax policies on cryptocurrency, Bloomberg News reported.

The post Indian Terra investors facing 30% tax on LUNA 2.0 airdrop despite losses appeared first on CryptoSlate.