Tax
EU Parliament Passes Privacy-Busting Crypto Regulation
The European Union (EU) has moved forward with controversial measures to ban anonymous cryptocurrency transactions and possibly prohibit crypto exchanges between the EU and tax havens. “The Hash” group discusses if this framework will be signed into law and the ongoing issues with efforts to fit crypto into existing regulatory structures.
EU Parliament Passes Privacy-Busting Crypto Regulation
The European Union (EU) has moved forward with controversial measures to ban anonymous cryptocurrency transactions and possibly prohibit crypto exchanges between the EU and tax havens. “The Hash” group discusses if this framework will be signed into law and the ongoing issues with efforts to fit crypto into existing regulatory structures.
India Imposes 30% Tax on Crypto Transactions
India has passed a new law that will impose a 30% capital gains tax on cryptocurrency transactions, putting digital assets in the same taxation category as traditional stocks. “The Hash” discusses what this means for Indian crypto companies like Polygon, which now operate in a hostile market.
Sanctions Expand for Belarus; Korea’s Crypto Promises
EU says crypto included in sanctions against Russia and Belarus. WazirX CEO warns crypto tax to incur losses for Indian government. What can the crypto sector expect from Yoon Suk-Yeol’s presidency in South Korea?
What to Know When Doing Your Crypto Taxes
Seth Wilks, Taxbit Head of Government Relations & SME, joins “First Mover” to share tips on navigating crypto tax rules following the recent infrastructure bill. Wilks explains how exchanges are now issuing 1099 forms to users, the Virtual Currency Tax Fairness Act, and more.
Can Bitcoin’s Price Reach $1M?
Lark Davis, crypto analyst and author of Wealth Mastery Investor Report, joins “All About Bitcoin” to explain why bitcoin will eventually be worth $1 million. Plus, a conversation about Russia’s taxation on exchanging rubles for dollars or euros and the limited supply of bitcoin.
Is the IRS Exploring NFTs as a Tax Revenue Source?
Nik De, CoinDesk managing editor for Global Policy and Regulation, joins “First Mover” to provide the latest update in an ongoing lawsuit against the Internal Revenue Service regarding income taxes for staked cryptocurrency on the Tezos blockchain. Plus, a discussion on whether the IRS could be looking into NFTs for tax revenue, and why Ukraine’s minister for Digital Transformation canceled the proposed crypto airdrop.
Bitcoin Mining Can Generate Significant Tax Revenue
As part of CoinDesk’s Tax Week coverage, Research Analyst George Kaloudis shares insights on how the IRS can collect tax revenue from crypto miners.
