Blockchain News

Urgent Victory: US House Overturns Controversial IRS DeFi Broker Rule!

In a significant win for the cryptocurrency industry, the U.S. House of Representatives has delivered a powerful blow against what many considered an overreaching IRS regulation. A decisive vote of 292-132 saw lawmakers choose to overturn a controversial IRS rule targeting DeFi (Decentralized Finance) platforms. This rule, which mandated DeFi brokers to collect extensive taxpayer […]

Blockchain News

Crypto Capital Gains Tax Truth: Trump Can’t Unilaterally Abolish It, Says Expert

The cryptocurrency world is buzzing with speculation, especially when it involves influential figures like former President Donald Trump. Recently, rumors ignited suggesting Trump might be considering a dramatic move: abolishing the crypto capital gains tax. This sparked fervent discussions and, understandably, a surge of hope among crypto enthusiasts. But before you get too excited about […]

Blockchain News

Unveiling Ukraine’s Impending Crypto Tax: What Investors Need to Know

Hold onto your digital wallets, crypto enthusiasts in Ukraine! Major news is brewing from Eastern Europe. The Ukrainian government is seriously contemplating a move that could reshape the nation’s digital asset landscape: implementing an income tax on cryptocurrency investments. Yes, you heard that right. According to recent reports from CryptoSlate, Ukraine is exploring a tax […]

Blockchain News

Urgent: Korean Crypto Exchanges Upbit and Korbit Face Tax Authority Scrutiny – What Investors Need to Know

Hold onto your hats, crypto enthusiasts in South Korea! The regulatory landscape is heating up as the National Tax Service (NTS) has initiated tax audits on two of the nation’s leading cryptocurrency exchanges, Upbit and Korbit. This critical development signals a significant escalation in the government’s oversight of the booming digital asset market. Let’s dive […]

Blockchain News

Landmark Victory: South Korean Supreme Court Overturns $90K Crypto Tax on Coinone After Bithumb Success

In a significant win for the cryptocurrency industry in South Korea, the Supreme Court has once again sided with crypto exchanges, this time nullifying a substantial tax levy on Coinone. Following a similar ruling in favor of Bithumb, this latest decision casts a spotlight on the ongoing debate surrounding South Korea crypto tax regulations and […]