China Fines Bitmain $3.6 Million for Tax Violations, Report
Chinese authorities have fined main crypto mining {hardware} producer Bitmain for tax-related violations, native media reported. The penalty comes amid growing tax checks within the...
Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court
Profits from the sale of cryptocurrencies like bitcoin are taxable, in accordance with two rulings by the Supreme Court of Denmark. The verdicts within the...
Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025
Tax exemptions for corporations and people legally working with cryptocurrencies in Belarus will stay in place till Jan. 1, 2025. A brand new presidential decree...
French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud
On Tuesday, French officers performed raids on 5 main banks situated in and round Paris, together with Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s...
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
The group representing Russia’s crypto sector has requested the federal government in Moscow to make clear a proposal to introduce felony legal responsibility for “gray”...
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation
A draft legislation designed to control crypto mining in Russia introduces harsh penalties for miners failing to report digital property to the state. In its...
Uzbekistan Collects Over $300,000 From Crypto Sector
While operations with digital property will not be taxed in Uzbekistan, the federal government is receiving a rising quantity of revenues from the business. The...
Where Are the Crypto OGs? — Taxation Is Theft, however Joe Biden Needs Ice Cream Money
Bitcoin was as soon as considered as a way to choose out of violent, legacy monetary methods. Now, it’s being co-opted by the exact same,...
Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS
Several U.S. House of Representatives Republicans have proposed laws that will considerably lower funding for the Internal Revenue Service (IRS). The transfer comes after the...
Romania Carries Out Raids as Part of Crypto Tax Evasion Probe
Authorities in Romania have performed greater than a dozen raids in opposition to folks suspected of hiding revenue from cryptocurrency operations. The searches came about...