Tax


Política

Puerto Rico Extends 4% Tax Incentive to Crypto and Blockchain Activities

Staking and exporting crypto services qualify for the tax rate.

Bandera de Puerto Rico. (Ana Toledo/Unsplash)

Finanças

Crypto Exchange Binance Introduces Tool for Calculating Taxes on Transactions

The tool, initially available to users in Canada and France, supports reporting of up to 100,000 transactions.

Sitio web de Binance. (Unsplash)

Vídeos

India’s Budget Disappoints

India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector last year. Traders' hopes of the tax change in 2023 dashed. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

CoinDesk placeholder image

Vídeos

India Keeps Restrictive Crypto Tax Rules in 2023 Budget

India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector in 2022. Now the world's largest democracy is keeping its restrictive crypto tax rules unchanged in 2023 as Finance Minister Nirmala Sitharaman did not mention crypto, virtual digital assets, blockchain or central bank digital currencies (digital rupee) while unveiling the nation’s budget. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses how this could impact crypto adoption and trading volumes in the country.

Recent Videos

Vídeos

Bitcoin 'Going In the Right Direction': 21.co CEO

21.co co-founder and CEO Hany Rashwan explains bitcoin (BTC)'s uptick in January, citing December's tax loss harvesting and crypto's unique nature. Plus, his outlook on the crypto markets in 2023. "Whatever disruptions may happen ... it will not be catastrophic."

Recent Videos

Política

Crypto India Looks for Relief but Holds Out Little Hope in Budget Speech

India is unlikely to make any crypto related tax cuts, multiple sources said.

Nirmala Sitharaman (right) with U.S. Treasury Secretary Janet Yellen (Indian Finance Ministry)

Opinião

Why Tax Deferral for Crypto-to-Crypto Like-Kind Exchanges Would Be Good for Us All

The U.S. Congress should update the tax code to treat digital assets like other types of valuable property such as real estate.

US Capitol Building Washington DC (Getty Images)

Política

Crypto Tax Proposed by Lawmakers to Fund EU Budget

Taxing capital gains, mining or crypto transactions are all being examined to fund the European Union’s $185 billion annual spending.

The European Parliament (FrankyDeMeyer/Getty Images)

Vídeos

Indian Budget Ahead

Crypto industry hopes for tax reductions. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

CoinDesk placeholder image

Vídeos

Deloitte Tax Partner on Digital Currency, State of Crypto Tax

Rob Massey, Deloitte Tax LLP Partner, Global & US Tax Blockchain & Digital Assets Leader, joins "First Mover" at the annual World Economic Forum in Davos, Switzerland, to discuss restoring trust in the crypto and blockchain industry following a year of contagion. Plus, his response to Bank of America's statement that digital currencies are the natural evolution of money and payments. And, the challenges posed by current tax policies in the US.

Recent Videos