
Tags: Tax
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Currently, India only regulates crypto under anti-money laundering and electronic funds transfer laws, but wider regulations are under review.
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The IRS’s new 2025 rule will require centralized crypto platforms to report user transaction data.
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IRS’s 2025 crypto relief for CeFi users is automatic. Taxpayers are not required to file or take action immediately.
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Finnish authorities claim Heart evaded taxes between 2020 and 2024, with alleged unpaid dues amounting to hundreds of millions of euros.
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Prosecutors have accused Kim of concealing crypto profits of $1.5 million and transferring assets into bank accounts to avoid detection.
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Binance faces $86M in unpaid GST demands and scrutiny over $480M in transaction fees reportedly funneled to Nest Services Ltd.
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Russia’s crypto tax framework introduces a 13%-15% sales tax and exempts mining services from VAT under strict reporting rules.
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Many fear Italy’s increased tax burden will drive crypto investors to relocate to friendlier jurisdictions.
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Harris’s economic advisor tried to ease concerns about how perilous the tax could be, but CNBC’s hosts weren’t buying it.
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Kamala Harris’s campaign says she’ll support the tax increases on wealthy earners already proposed by Biden – which will likely include a 25% tax on unrealized capital gains.
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India’s budget retains 1% crypto TDS, rejecting industry calls for a 0.01% rate and progressive taxation on gains.
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KuCoin’s announcement comes roughly four months after the Nigerian government filed tax evasion charges against Binance.
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