Tax
Why Puerto Rico Can Be a Tax Haven for Crypto Enthusiasts, but Not Necessarily for Locals
The U.S. territory of Puerto Rico has become a crypto paradise, thanks to tax breaks allowing some who live on the island for 183 days a year tax-free profits on their investments. Transform Group CEO & co-founder Michael Terpin and BĀSED President Gustavo Diaz Skoff discuss the issue with CoinDesk's Christine Lee. They explain why the tax rules have led to a growing crypto community on the island, and why some critics say those rules need to change.
TaxBit Exec on FTX Collapse, Crypto Taxes
The Financial Times reports FTX held less than $1 billion in liquid assets against $9 billion in liabilities before its bankruptcy filing. TaxBit Government Relations Senior Director Seth Wilks discusses the collapse of FTX and its financial considerations. Wilks also shares his insights into crypto taxes amid IRS scrutiny of the industry.
Sixth Wall CEO on Barriers to Metaverse Mass Adoption
"People aren't going to show up [to the metaverse] to do their taxes," Sixth Wall co-founder and CEO Lindsey McInerney says. Entertainment will bring the first billion users to the metaverse. She joins "All About Bitcoin" live from CoinDesk's I.D.E.A.S. 2022.
Solving Tax Confusion in India
Host Joel Flynn discusses whether India’s crypto tax is a headache or an opportunity. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Financial Stability Board Proposes 'Comprehensive' International Crypto Rules
Stablecoins could be forced to centralize issuance and major crypto platforms broken up under plans put forward by the Financial Stability Board (FSB) Tuesday. CoinDesk Regulation Reporter Jack Schickler breaks down the details. Plus, insights on OECD's new tax reporting framework for crypto assets.
UK Finance Minister Kwarteng Fired; Crypto Trading Firm NYDIG Lays Off About 33% of Staff
U.K. Finance Minister Kwasi Kwarteng has been fired by Prime Minister Liz Truss after the tax cuts he announced in September sent financial markets into a tailspin. Plus, Bitcoin services company NYDIG has laid off around 100 people, according to CoinDesk sources.
UN Development Arm: Developing Countries Should Ban Banks From Holding Crypto
Developing countries should introduce widespread restrictions on crypto usage given the risks to tax collection, monetary policy and financial stability, and ban banks from holding crypto, the United Nations’ development arm said in three reports published Thursday. “The Hash” team discusses the latest in the world of crypto regulation.
Panamanian Congressman Gabriel Silva on Country’s New Pro-Crypto Law
Panamanian Congressman Gabriel Silva discusses a recent law passed in the country exempting cryptocurrency transactions from capital gains taxes. Silva explains the unique framework of Panama’s constitution that prevents the country from adopting bitcoin as legal tender and how crypto can provide financial access to the country’s unbanked population.
