New Crypto Reporting Rules: The $10,000 Question
The Internal Revenue Service (IRS) has recently introduced new cryptocurrency regulations that require both individuals and businesses in the United States to report any crypto payments received that are valued over $10,000. This regulation requires filling out Forms 8300 or IRC
Crypto Mining in the Crosshairs: Biden’s Proposed 30% Tax
The White House is urging Congress to impose a tax of 30% on cryptocurrency miners because of the amount of electricity they use. This proposed tax is part of the upcoming federal budget plan. According to a blog post posted on
Former Thai SEC Chief Addresses Proposed Crypto Taxation
The former deputy secretary-general of the Thailand Security and Exchange Commission (SEC), Tipsuda Thavaramara, has addressed the issue surrounding cryptocurrency transactions in the country. Thavaramara noted that while the move to collect taxes from the cryptocurrency sector was good, several issues
Stricter Crypto Taxation Coming To South Africa
We’ve discussed cryptocurrency regulations many times in the past. Most always, heavy, not well constructed crypto regulations almost always have an adverse affect on the space… and if not the cryptocurrency space as a whole, at least within the country