Spain Targets Crypto, NFTs with New Tax Reform
As part of a new tax overhaul, the Spanish Ministry of Finance wants to strengthen its ability to seize cryptocurrency and non-fungible tokens (NFTs). According to the Spanish daily newspaper El Economista, the Ministry of Finance in Spain is preparing to propose a new tax reform that would give it the authority to take cryptocurrency […]
Kyrgyzstan Sees Surge in Crypto Mining Tax Revenue
In the first 11 months of 2023, the government of Kyrgyzstan witnessed a substantial increase in tax collections from crypto miners, totaling 78.6 million soms ( $900,000). According to reports from the Finance Ministry, which were reported by the local media on January 1, the government of Kyrgyzstan collected taxes from cryptocurrency miners totaling 78.6 […]
Argentina Legalizes Cryptocurrency Under New Tax Regime
Argentina Legalizes Cryptocurrency The government of Argentina will permit the use of Bitcoin assets inside the nation, regardless of location or origin, and will provide a flexible tax rate. Argentine President Javier Milei put out the measure as a component of a larger package of political and economic changes. The cryptocurrency industry well received Milei’s […]
Japan Proposes Reducing Tax on Long-term Crypto Holdings
Japan plans to introduce a digital yen, or DCJPY, and overhaul its crypto tax laws in order to increase its influence in the digital economy. Japan is preparing to implement new taxes for businesses that own long-term cryptocurrency assets. This action is a component of a larger plan to put Japan in a competitive position […]
Swiss City Lugano to Accept Bitcoin, Tether for Tax Payments
The Swiss city of Lugano has made it legal to pay taxes and municipal services with cryptocurrencies, such as Tether and Bitcoin. Due to Lugano’s decision, automated payments can be made through Bitcoin Suisse, a Swiss institutional-grade cryptocurrency platform. With this new method, residents and businesses can use cryptocurrency to pay any amount for local […]