ATO Reportedly Seeks Data from 1.2M Crypto Exchange Users
The Australian Tax Office (ATO), in seeking to crack down on crypto tax obligations, collects personal information and transaction details from over 1.2 million crypto exchange users. Reuters obtained a notice from the Australian Taxation Office (ATO) last month stating that the data will assist in identifying merchants who may still need to remit their […]
Fake Elizabeth Warren Letter on Crypto Tax Fools Crypto Users
A fake letter by Massachusetts Senator Elizabeth Warren suggesting a 1% tax on crypto holdings exceeding $500,000 has fooled numerous crypto users. The proposed anti-crypto policy appeared to deceive many social media users. An issue arises due to the forgery of the proposal’s enclosed letter. A presumably authentic letter from Senator Warren to U.S. President […]
Bitcoin (BTC) Bull Run: Crypto Taxes You Should Know
As Bitcoin’s price surges to a new all-time high above $73,000, investors may need to prepare for IRS crypto tax reporting requirements. With the leading cryptocurrency, Bitcoin (BTC), reaching record highs, some experts have created crypto tax regulations that they think would help investors—especially those wishing to enter the market during this bull run. IRS Requests Crypto […]
Ruling Party to Postpone Crypto tax for 2 years in South Korea
The People Power Party, the ruling party in South Korea, has initiated efforts to postpone the implementation of cryptocurrency gains tax for an additional two years as a campaign pledge in preparation for the April general election. According to the Herald Business Daily, a local news source, the political organization stated that before delving into […]
Indian Crypto Community Demands Tax Reforms Ahead of Budget 2024
The web3 community in India calls for changes in cryptocurrency tax regulations, especially the 1% TDS and 30% tax slab clauses, ahead of the Union Budget 2024 announcement. The community has used the hashtag ‘#ReduceCryptoTax’ on social media platforms to voice their demands. As India’s Union Budget 2024 announcement approaches, the web3 community in India […]