1. Home
  2. Exemption

Exemption

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

FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal DefenseAccording 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 […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Puerto Rico Defines Act 60 Tax Exemptions for Blockchain Companies

Puerto Rico Defines Act 60 Tax Exemptions for Blockchain CompaniesThe Economic and Commerce Development Department of Puerto Rico (DDEC) has issued a document in which it defines the rules that blockchain projects must follow to receive tax benefits that the state offers companies. The action seeks to create an “atmosphere of certainty and stability” for blockchain companies, according to DDEC Secretary Luis Cidre. Puerto […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

Finance Committee Approves Legislation Delaying Crypto Tax in South KoreaChanges meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

Brazilians Who Held ,000 in Crypto Last Year Must Report It on Tax Returns by End of MayTaxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin