Category: Regulation

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. […]

Summary Portugal to lose tax haven status under new tax rules Portugal’s first crypto license is given to Bison Bank Pioneer bitcoin-purchase home Portugal has witnessed a meteoric rise in crypto trading popularity in the past couple of months. An influx of Bitcoin families and incredible growth in the Bitcoin-run real estate industry speak volumes. […]

Summary President Biden’s executive order paves the way for full integration of crypto into the US financial system The SEC has promised greater crackdowns on crypto exchange noncompliance Thanks to the new infrastructure bill, crypto exchanges need to notify the IRS of transactions As the stablecoin economy crumbles, Treasury secretary Janet Yellen pushes for further […]

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 […]

Summary New president Yoon Seok-yeol is implementing crypto-friendly legislation A leaked draft summary of the Digital Asset Basic Act (DABA) is a promising development for South Korea’s crypto industry Terra founder Do Kwon faces pressure from all sides as South Korean tax authorities hit him with a $78 million tax bill DABA: a new era […]