Tax
UK Tax Regulator Updates Guidance on Staking and DeFi Lending
How proceeds from lending or staking are taxed depends on the nature of the returns, which could be hard to determine, UK's tax agency says.
India Edges Toward Crypto Legalization With 30% Tax, Announces Digital Rupee
Finance Minister Nirmala Sitharaman noted the moves during the country's annual budget speech to Parliament.
India's Crypto Industry Awaits New Budget
The challenge of regulating cryptocurrencies may mean the industry won't even be mentioned in the budget speech on Feb. 1.
What to Know About Tax Benefits of Crypto Donations
Thinking about donating cryptocurrency to charity? Pat Duffy, co-founder of The Giving Block, a platform for nonprofits to accept crypto, and Jason Watters, CFO of Give Directly, a nonprofit that lets donors send money directly to the world's poorest households, share insights into the tax benefits of charitable giving with crypto.
Users of Coinbase, PayPal, FTX.US and More Will Be Able to File Crypto Taxes for Free Through TaxBit Network
The network will let all customers of participant businesses access free tax filing tools.
Industry Body for Indian Startups Seeks Crypto Rules
The group wants Parliament to provide more clarity on tax issues in its upcoming budget session.
The Inside Story of How India’s Crypto Exchanges Were ‘Inspected’ by Tax Agencies
Two agencies, five months, five crypto exchanges, 100-plus officers, more than Rs 700 million in tax recovery, and yet the scale of the misdemeanor, excused by “ambiguity,” remains unknown.
Thailand’s Crypto Traders to Be Subject to 15% Capital Gains Tax: Report
The report quotes a person in the Finance Ministry who also said cryptocurrency traders should prepare for increased surveillance.
South Korea to Tax Inherited, Gifted Crypto Starting Next Year: Report
The country has postponed a general income tax on virtual assets until 2023.
