Category: Taxes

US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

If passed, the plan would raise the capital gains tax rate for “certain high income individuals” to 28.8%, while eliminating the “wash sale” loophole for crypto users. 6831 Total views 77 Total shares Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect […]

Continue Reading

Russian Duma wants to regulate crypto mining as business

Russian Duma wants to regulate crypto mining as business

Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January. 229 Total views 59 Total shares As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, […]

Continue Reading

Treasury Secretary reportedly against amending crypto language in infrastructure bill

Treasury Secretary reportedly against amending crypto language in infrastructure bill

Janet Yellen’s position on a “compromise” amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis and Toomey. 3385 Total views 120 Total shares On Wednesday, several United States senators proposed an amendment to an infrastructure bill that would clarify language concerning crypto. Even […]

Continue Reading

Indonesian regulators consider tax on cryptocurrency transactions

Indonesian regulators consider tax on cryptocurrency transactions

Officials are considering a tax on all cryptocurrency transactions in Indonesia. 6503 Total views 42 Total shares Indonesia’s Commodity Futures Trade Regulatory Agency, also known as Bappebti, is considering levying a tax on all cryptocurrency transactions taking place on regulated exchanges within the country. Currently, 13 cryptocurrency exchanges fall under Bappebti’s regulatory oversight, and the […]

Continue Reading