IRS reveals final regulations for crypto broker rules

The Internal Revenue Service did not include decentralized exchanges or self-custodial wallets under its broker reporting requirements.

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FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his [...]

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Crypto Companies in Japan Get Tax Relief Under Revised Rules

The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the digital asset sector in the country. Japan Tax Authority Gives Cryptocurrency Businesses a Tax Exemption Japan’s

The post Crypto Companies in Japan Get Tax Relief Under Revised Rules appeared first on BTC Ethereum Crypto Currency Blog.

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Georgia’s new bill considers giving crypto miners tax exemptions

Reps Don Parsons, Todd Jones, Katie Dempsey, Heath Clark, and Kase Carpenter of Georgia introduced HB 1342, a bill with no title, on Monday. The bill would amend the state tax legislation “to exempt the sales or usage of electric power used in the commercial mining of digital assets” and would most likely only apply […]

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Missouri bill would ban CBDCs, make gold and silver legal tender

Missouri lawmakers have been trying hard to pass an anti-CBDC bill, and one of these days, they may succeed.

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Hong Kong proposes tax breaks to attract crypto hedge funds, investors

Hong Kongs move to exempt crypto gains from taxes targets hedge funds and family offices in a bid to boost its competitiveness.

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UAE exempts crypto transfers, conversion from value-added tax

The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions.

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