Taxes

South Korean lawmakers have recently put forward a bill to postpone the implementation of crypto gain tax until 2028. The ruling political party expressed concerns about the current negative sentiments surrounding the crypto industry as the primary reason for seeking an extension. They emphasized the fact that with the declining investment sentiment towards virtual assets,
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Political-themed meme coins have recently captured the attention of the crypto market, with tokens like STRUMP, TRUMP, MAGA, BODEN, and TREMP gaining popularity. These coins have become speculative assets tied to the outcome of the upcoming US presidential election, especially with the highly anticipated debate between President Joe Biden and former President Donald Trump on
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Recently, Brazil’s Special Department of Federal Revenue has announced its plans to collect information from foreign crypto exchanges operating in the country. This move is aimed at ensuring that these exchanges are in compliance with local regulations set forth in 2019. This is a significant development as it indicates that the Brazilian government is taking
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SnakeTON, an innovative Web3 survival GameFi built on the TON platform, is changing the landscape of gaming within the Telegram app. With a user base of 900 million, SnakeTON offers players the opportunity to control their snakes, navigate through various game modes, and emerge victorious by consuming food and defeating other players. The game’s primary
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Recent developments in the ongoing saga between Nigeria and Binance have seen the Federal Inland Revenue Service (FIRS) withdrawing tax evasion charges against Tigran Gambaryan and Nadeem Anjarwalla, high-ranking executives at the exchange. This move comes after a series of events that have garnered media attention and raised questions about the relationship between the two
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Recently, Oklahoma made a significant move in the world of cryptocurrency by signing into law a bill that protects crypto-related rights. This legislation, known as HB 3594, was approved by Governor Kevin Stitt on May 13 and will come into effect on Nov. 1. The new law prohibits the Oklahoma state government from placing any
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According to IRS criminal investigation chief Guy Ficco, there has been a noticeable increase in taxpayers committing tax crimes related to cryptocurrency. These crimes, categorized as “pure crypto tax crimes,” encompass a range of violations falling under Title 26 of the US Code, specifically federal income tax violations. Some examples of these crimes include failing
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