Members of state Congress press Nancy Pelosi and others to amend crypto tax definition
Representative Anna Eshoo has called on the House of Representatives to modify the language in the contentious crypto infrastructure legislation. Concerns have been raised by a California congresswoman in a letter to House Speaker Nancy Pelosi regarding the contentious new demand for cryptocurrency tax reporting. Representative Anna Eshoo of California’s 18th Congressional District wrote a […]
Iranian National Tax Administration sets to legalize crypto exchanges
A new proposal by the Iranian National Tax Administration (INTA), stated that the country’s tax authorities is trying to establish a legislative framework for the proper taxation of crypto trading platforms operating in the country. INTA allegedly underlined the importance of establishing digital asset exchanges in a recommendation carried by local media two months after […]
The unchanged crypto tax bill will undergo a final vote on Tuesday
The U.S. infrastructure bill has ended without amendment, on Tuesday, the Senate will give a final vote to determine the crypto tax’ fate in the bill. The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation, and will impose broad third-party reporting requirements on any crypto firm deemed to be […]
Elon Musk gives his take on crypto taxation in the US Infrastructure Bill
At the moment, the most heated debate in the crypto space is about crypto taxes amendments in the US Infrastructure Bill, CEO Elon Musk also has his take on the issue. All eyes are on the Senate vote on Saturday, which could determine the future of cryptocurrency businesses in the United States. Elon Musk offers […]
White House only supports minor changes to crypto tax proposal
The crypto community is protesting a US infrastructure plan amendment that keeps strict reporting requirements for developers and validators but exempts miners. In response to proposed amendments to the White House infrastructure plan’s crypto provisions, the crypto community has mobilized to oppose the plan, which seeks to raise $28 billion for infrastructure funding through increased […]