Crypto transactions are becoming more common in Nigeria, from everyday trading to business payments. As crypto use continues to grow, the government is taking steps to bring it into the country’s tax system. With …
Tag:
Tax
- Bitcoin & Ethereum
Will Crypto Billionaires Actually Leave California After New Tax?
by adminby adminCrypto billionaires are threatening to leave the state of California after a prominent trade union proposed a 5% assets tax on residents worth more than $1 billion. The Service Employees International Union-United Healthcare Workers …
- Bitcoin & Ethereum
U.S. IRS Opens Staking Path for Crypto ETFs to Get Into Yield Without Tax Headaches
by adminby adminA new safe harbor announced by the U.S. Internal Revenue Service on Monday is being seen as a major step toward allowing crypto exchange traded products (ETPs) to share staking rewards with their investors. …
- Blockchain Research
UK Tax Authority Ups Crypto Warning Letters in Crackdown on Unpaid Gains
by adminby adminThe UK tax authority has ramped up its scrutiny of crypto investors, doubling the number of warning letters sent to those suspected of underreporting or evading taxes on digital asset gains. HM Revenue & …
- Altcoin Highlights
Crypto OG Roger Ver Settles US Tax Charges with Nearly $50M Deal
by adminby adminKey Notes Ver’s settlement covers alleged tax evasion of $48M tied to Bitcoin holdings he held before renouncing US citizenship in 2014. The agreement allows charges to be dismissed after one month if Ver …
Key Notes HM Revenue & Customs (HMRC) sent out 65,000 crypto tax warning letters last year. The previous year, the agency sent out only 27,700 letters. The growing crypto adoption and asset price surge …
