Court Orders Kraken to Comply with IRS Demands and Disclose User Data
Court directs Kraken to offer details of persons involved in transactions surpassing the $20000 cap in the calendar year. Kraken, a crypto exchange, has been...
South Korean Lawmakers Propose a New Bill Requiring Public Officials to Disclose their Crypto Holdings
The ruling party of South Korea has been working on a new crypto regulatory proposal. This legislature is about public officials and the prospective candidates...
White House Proposes 30% Excise Tax Targeting Crypto Mining Firms
The White House is set to impose a 30% excise tax targeting crypto mining activities. In the report issued on Tuesday, May 2, Biden's administration...
Coinbase to Support UK in Developing Web3 Innovation Center
An April 17 report captured by Sky News revealed that the UK Treasury plans to restore the Asset Management Taskforce (AMT) operation to expedite the...
Bitfinex Securities’ License Approved By El Salvador Regulators
The suitability of the El Salvador crypto market continues to attract many foreign investors. The Hong Kong-based digital asset provider Bitfinex Securities has received regulatory...
UK Legislators Introducing Crypto Profits Declaration in 2025
On March 15, the UK legislator announced that taxpayers must file their crypto profit along with their tax returns. The decision aimed at minimizing the...
Russian Crypto Miners Face Potential Prison Sentences for Tax Evasion under Proposed Bill
Reports indicate that the Russian Ministry of Finance proposes severe punishments for individuals who fail to declare cryptocurrency holdings. In addition, the Ministry of Finance...
Conflicting Signals for the Status of Crypto in Thailand
The administration of Thailand is getting ready to offer tax exemptions and benefits to cryptocurrency firms that distribute digital and virtual assets. According to Reuter's...
Spain Modifies Tax Model 720 for Declaring Crypto Holdings Abroad
An amendment has been introduced by the Spanish parliament to the tax model 720, which is used for declaration of cryptocurrencies as well as other...
3 Accounting Terms All Business Owners Should Understand
Accounting can be intimidating, and it’s not something that comes naturally to all business owners. This is why most decide to delegate or outsource this...