The government of the country has announced the new regulations on the cryptocurrencies and digital tokens. The conservative decision preceded by harsh actions of the central bank of the country may slow down the pace of development of the crypto sphere.
South Korea’s taxation ministry is planning to introduce taxes on cryptocurrency and include them in the tax plan. The issue is to be solved in June this year.
After Bitcoin’s record rally, India’s Income Tax Authority is carrying out search operations across all cryptocurrency exchanges operating in the country.
The country that faces Bitcoin frenzy may ban Bitcoin transactions unless they meet strict conditions.
Australia is going to cut general sales tax for acquiring digital currency, aiming to help local fintech startups run their businesses in the country.
The Financial Services Agency will soon present its plan to recognize bitcoin as fulfilling the functions of currency while the problem of bitcoin taxation remains unsolved and hotly debated.
The question about exemption of bitcoin transactions from VAT has finally been solved after three years of silence.
Living Room of Satoshi has recently reopened for business after closing for two months due to introduced unfavourable tax laws.
The New York State Department of Taxation and Finance has stated that transactions made with cryptocurrencies are not subject to sales taxes.