Tax


Juridique

India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report

“The policy stance is how does one consult relevant stakeholders, so it is to come out in the open and say here is a discussion paper these are the issues and then stakeholders will give their views,” said Ajay Seth who is the Economic Affairs Secretary in India's Finance Ministry.

Indian President Droupadi Murmu (fourth from right), Finance Minister Nirmala Sitharaman (third from right), Minister of State for Finance Pankaj Chaudhary (fifth from right) before the budget presentation. (DD News)

Juridique

India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech

The budget is the first since Prime Minister Narendra Modi was elected for a third straight term.

Indian President Droupadi Murmu (fourth from right), Finance Minister Nirmala Sitharaman (third from right), Minister of State for Finance Pankaj Chaudhary (fifth from right) before the budget presentation. (DD News)

Analyses

Biden’s Nonsensical Proposed 30% Tax Would Kill Bitcoin Mining in the U.S.

The move, which would impose a significant financial burden on domestic firms, is in stark contrast to Trump's recent support of crypto mining.

(President Joseph Biden, on Twitter/X)

Juridique

Binance Money Laundering Trial in Nigeria Pushed to June 20 Due to Executive’s Illness

Binance's head of financial crimes compliance Tigran Gambaryan is seriously ill, his lawyers said.

Tigran Gambaryan, Binance's head of crime compliance, is one of two executives detained in Nigeria. (Shutterstock/Consensus)

Juridique

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)

Analyses

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)

Juridique

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)

Marchés

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)

Juridique

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)

Juridique

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)