Category: Crypto Tax

That’s right, cryptocurrencies are now taxed in various countries. The good news is that it is taxed since it is regulated. It is important to understand how crypto is taxed in comparison to the normal fiat tax. So, what is crypto tax? Crypto tax refers to the taxes that individuals and businesses may owe on […]

Hey Coincubs! 2023 is going to be a wild ride. Just make sure you buckle up because most countries are steaming ahead with cryptocurrency regulation. Following the crash of FTX, Terraform Labs, and Celsius last year, jittery governments are belatedly jumping into action to create effective regulations that are crucial for the mainstream adoption of […]

According to proposed legislation under the Virtual Currency Tax Fairness Act, tabled by two Senators in late July, transactions where an assets increase in value is less than $50 will not be subject to crypto income tax in the US. The proposed legislation, put together by Senator Krysten Sinema and Senator Pat Toomey, aims to […]

UK’s crypto ambitions Recent reports of the death of crypto appear to be greatly exaggerated, especially in the UK where, despite dire warnings of a crypto meltdown, the banning of Bitcoin ATMs, and the Bank of England’s indifference to CBDC, the Government now wants to power ahead and develop the UK as a leading crypto-financial community. […]

When cryptocurrency was in its infancy, there were very few rules around how it should be taxed or whether it should be taxed at all. The concept of cryptocurrency taxes didn’t really exist at the beginning. Indeed, there were a number of investors and traders who started trading for this very reason. Now, however, as […]