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Brazilian Tax Department will examine foreign cryptocurrency exchange operations

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Brazil’s Federal Revenue Service is expected to increase scrutiny of foreign digital asset exchanges operating within its borders, with the aim of strengthening regulation and transparency in the burgeoning sector. The national tax authority seeks to collect operational data from platforms such as Binance, Coinbase and Kraken, despite the need for a well-defined regulatory framework…

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Japan Blockchain Association Asks Tokyo to Review Crypto Tax System

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An industry organization in Japan has suggested that the government should reform the tax rules for crypto assets and transactions. Its members are convinced that current tax regulations impede the growth of the country’s Web3 economy and discourage taxpayers from owning and using cryptocurrencies. Government of Japan asked to change tax laws for crypto profits…

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US State Wants to Lead Cryptocurrency Acceptance: Colorado Will Accept Cryptocurrency for Tax Payments This Summer

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The US state of Colorado is preparing to accept cryptocurrencies for tax payments, Governor Jared Polis said. “We hope to accept crypto this summer,” he said, adding that after taxes are paid, crypto will be accepted for other things, like driver’s licenses or hunting permits. Colorado will accept cryptocurrencies for tax payments Colorado Governor Jared…

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Finance Committee passes legislation that delays Crypto Tax in South Korea

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Changes aimed at delaying the introduction of a tax on virtual assets such as cryptocurrencies in South Korea were approved by a large parliamentary committee. The bill aims to delay Seoul’s plan to impose a 20% tax on profits from cryptographic transactions. Ahead of elections, major parties return to tax exemption for cryptographic investors in…