Colorado has set the ball rolling as the first U.S. state to offer residents the option of paying taxes using cryptocurrencies. Governor Jared Polis made the announcement, noting that it was a steppin...
Tag: Tax
eToro And Crypto.com To Support 1.2% Tax Burn For Terra Classic (LUNC)
Crypto exchanges eToro and Crypto.com are supporting the 1.2% tax burn for Terra Classic (LUNC) and USTC on the Terra Classic network. While Crypto.com has announced to support the tax burn for on-cha...
Colorado is now accepting tax payments in cryptocurrency, as Gov. Polis promised
The American state of Colorado now accepts cryptocurrency for tax payments, Gov. Jared Polis announced on Monday. The option is already available on the state Department of Revenue website. Colorado...
This US state is now accepting tax payments in crypto 1
US state Colorado has announced that residents of the city that wish to pay their taxes in digital assets are now open to doing so. According to a Monday announcement by Governor Jared Polis, users ca...
Terra LUNA Classic (LUNC) 1.2% Tax Burn Goes Live
– Advertisement – The 1.2% tax burn is here. reXx Member of the Terra Rebels announced the update: Happy burn day #LUNC community. The 1.2% Burn Tax is officially live. — reXx™ (@reXxTer...
U.S. State of Colorado Now Accepts Tax Payments in Crypto
Gov. Jared Polis of Colorado announced Monday that the U.S. state would begin accepting cryptocurrency for tax payments. The state will allow individuals and businesses to use cryptocurrency for tax p...
Colorado Now Accepts Cryptocurrencies For Tax Payments
10 hours ago | 2 mins read Editors News There will be extra charges added to the payments for the use of the platform. The announcement that Colorado will begin accepting crypto was made in February. ...
Crypto.Com Confirms Support For Terra Classic (LUNC) 1.2% Tax Burn
– Advertisement – Crypto.com becomes the latest top exchange to add support for Terra Classic (LUNC) 1.2% Tax Burn. The LUNC 1.2% tax burn is Scheduled at block 9,475,200, expected to be...
P2E gamers, minors not any safer from the tax man, says Koinly
Modern parents are going to need to keep an even closer eye on their kids’ gaming habits, as some of them may be accumulating a hefty tax bill, according to a crypto tax specialist. Speaking to Cointe...
NBA Owners Want Tighter Luxury Tax Line In New CBA
DALLAS, TEXAS – JANUARY 05: NBA Commissioner Adam Silver participates in a ceremony honoring former … [+] plater Dirk Nowitzki and retiring his No. 41 jersey at American Airlines Center on...
Leading the way in Web 3.0, Wolters Kluwer Tax & Accounting purchases virtual land
NEW YORK–(BUSINESS WIRE)–#AI—Wolters Kluwer Tax & Accounting recently staked its first claims on virtual land in the Metaverse, purchasing virtual real estate on Blockchain-based platforms Decen...
cryptocurrency tax problem solved- The Cryptonomist
There is a 100% Italian crypto exchange that has decided to solve the complex problem of taxation of staking income at its root. Its name is Cryptosmart and it is duly registered with the register of...
The Crown Estate — estimated at over $34B in assets — now belongs to King Charles III. But he won’t have to pay the UK’s 40% inheritance tax. Here’s why
The Crown Estate — estimated at over $34B in assets — now belongs to King Charles III. But he won’t have to pay the UK’s 40% inheritance tax. Here’s why King Charles III faces a tax ...
Binance To Implement 1.2% Tax Burn For Terra Classic (LUNC) And USTC
The world’s largest crypto exchange Binance earlier announced 1.2% tax burn support for Terra Classic (LUNC) and TerraClassicUSD (USTC) on all on-chain activities. But the community wants tax burn sup...
The extended tax deadline is Oct. 17. Here’s what filers need to know
Cecilie Arcurs | Getty Images There’s about one month until the Oct. 17 tax deadline extension, and experts say filers need to prepare, especially for more complicated returns. An estimated all-...
Binance Supports LUNC’s Tax Burn, But What’s The Catch? – Coinpedia – Fintech & Cryptocurreny News Media
Since Terra’s LUNA collapsed along with its stablecoin, USTD, which lost its peg against the US dollar, the currency has been striving for stability. At the time of writing, Terra (LUNA) is selling at...
Accused Bitcoin Laundrer asked to access crypto wallets for tax purposes. –
Heather “Razzlekhan” Morgan and her husband Ilya Lichtenstein have alleged for laundering 119,754 Bitcoin looted at the time of the attack on crypto exchange Bitfinex in the year 2016. She also wants...
States Are Enacting The Flat Tax — Why Not Washington?
This year five states have enacted a single-rate personal income tax combined with tax cuts. Several other states are considering doing the same thing. They’re setting the stage for making a national ...
Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax – Exchanges Bitcoin News
The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-ba...
Top US Exchange Kraken To Support Terra Classic (LUNC) 1.2% Tax Burn
– Advertisement – Kraken to Support Terra Classic (LUNC) 1.2% Tax Burn. Kraken has released an official report showing support for the 1.2% tax burn proposal on LUNC transactions. Terra Cl...
Report Traders Flock to Binance As Tax Change Sends Indian Exchanges Out of Business
A Bloomberg report on Wednesday claimed that Binance app downloads in India jumped to 429,000 in August, the highest this year. This comes just months after the country implemented stringent taxation ...
Binance Booms as Crypto Tax Crushes Indian Exchanges
The cryptocurrency tax introduced by India’s government has caused foreign exchanges like Binance to consolidate their market share there. The Binance app was the only one among the top exchanges that...
How to avoid a penalty by making quarterly tax payments by Sept. 15
If you haven’t been sending part of your income to the IRS in recent months, this week is the last chance to avoid a tax penalty. The deadline for third-quarter estimated taxes is Sept. 15, appl...
India’s Tough Crypto Tax Rules Is Helping Binance A Lot, Here’s How
India’s crackdown on the cryptocurrency market over the last year is helping foreign exchanges at the cost of local exchanges. As per the latest reports, crypto exchange Binance is expanding its footp...
Student Loan Forgiveness May Hit You With a Heavy Tax Bill
Depending on where they live, student borrowers may soon face an unexpected tax burden. In August, the Biden Administration made news by announcing that it would forgive up to $10,000 in student debt ...
Germany: zero capital gains tax on Bitcoin
Germany has explained that capital gains on Bitcoin are to be considered tax-free, provided they remain on the wallet for more than one year. Zero tax on Bitcoin capital gains in Germany Individuals ...
Alleged Bitcoin Launderer ‘Razzlekhan’ Wants Access to Crypto Wallets for Tax Purposes
Heather “Razzlekhan” Morgan, who, along with her husband Ilya Lichtenstein, is accused of laundering 119,754 Bitcoin stolen during the hack of cryptocurrency exchange Bitfinex back in 2016, has asked ...
Crypto Community Condemns Exchanges Over PR Stunt On LUNC Tax Burn
Recently, Edward Kim, a Terra (LUNC) community member, gave a proposal that will help revive the digital asset. Kim proposed a 1.2% tax burn implementation for all the on-chain LUNC transactions. The ...
Here Are Top Five Countries With the Most Progressive Outlook on Crypto Tax: Analytics Firm Coincub
A new report from a leading analytics firm is shedding light on the most tax-friendly countries in the world for crypto investors. In a report from Coincub, the firm creates a ranking by awarding posi...