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Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains

Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto GainsAs Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative […]

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Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey

Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in TurkeyThe government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for the blockchain industry. Turkey to Establish Regulatory […]

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Ukrainians to Trade and Spend Cryptocurrencies Legally, Digital Ministry Says

Ukrainians to Trade and Spend Cryptocurrencies Legally, Digital Ministry SaysResidents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted. The legislation will comprehensively regulate the crypto space, possibly lower taxes for Ukrainians and create conditions for new services, a government official revealed. New Regulations to Create Market for Crypto Services for Ukrainians Ukrainians […]

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Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets

Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial MarketsThe Biden administration has revealed plans to raise taxes on investors who are millionaires according to a flurry of recent reports. President Joe Biden wants to overhaul the U.S. economy in order to help fund American childcare and education. Biden’s proposal will almost double the current capital gains tax rate from 20% to 39.6%, and […]

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