Tax

Tax

Policy

Coinbase to Target Australia's Self-Managed Pension Funds: Bloomberg

“We are working on an offering to service those clients really well on a one-off basis — to have them trade with us and stay with us," a Coinbase official said.

Sydney Opera House in Australia (Stanbalik/Pixabay)

Opinion

Crypto Old-Head Otoh Talks Casascius Bitcoins, Tax Havens and Old Friends

The pseudonymous investor – early to both Ethereum and Litecoin – has lived large. He is a speaker at this year’s Consensus festival in Austin, Texas, May 29-31.

Original Casascius coins (casascius.com)

Policy

Australia’s Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Accounts: Reuters

The ATO said the data will help identify traders who failed to report their cryptocurrency-related activities.

Sydney Opera House in Australia (Stanbalik/Pixabay)

Markets

Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says

The crypto market faces the U.S. tax season liquidity test around the time the Bitcoin blockchain implements the fourth mining-reward halving on April 20.

Downgrade spiral staricase going down downwards (Unsplash)

Policy

Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms

Local exchanges have previously blamed falling trading volumes on commodities taxes on crypto.

Indonesia map (Jon Tyson/ Unsplash)

Policy

India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year

Expectations were low for a change in the stiff taxes on crypto transactions: a 30% tax on profits and a 1% TDS on all transactions.

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Policy

Indonesia's Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin's Surge

The country's tax revenue in 2023 was substantially lower than 2022, when the tax regime was introduced.

Indonesia flag (Bisma Mahendra/Unsplash)

Policy

Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes

Indonesian crypto exchanges saw a 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets.

Down Arrow spray painted on a brick wall (Shutterstock)

Policy

India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source

Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16.

New Delhi, India (Unsplash)

Policy

Vladimir Putin's Signature Brings Digital Ruble Into Russia's Tax Code

The tax code now contains a definition of "digital ruble account" and has rules for the taxation of transactions with digital rubles.

16:9 Crop: Russian President Vladimir Putin. (DimitroSevastopol/Pixabay)