The Turkish authorities are considering imposing a 0.03% tax on cryptocurrency transactions. The plan is focusing on generating additional revenue as the country grapples with budget challenges following last year’s earthquakes. According to the Bloomberg report, Turkish retail investors favor this new tax on crypto trading as a hedge against
US Senators Proposed a tax-free bill for small crypto transactions. The bill demands cryptocurrency transactions less than $50 be exempt from taxation. Famed US Senators have proposed a new bill that would exempt modest crypto transactions from capital gains taxes. A proposed bill attempts to exempt Americans from keeping track
Bitstamp exchange laid a €10 fee on some inactive accounts. Customers should maintain a €200 balance. The world’s longest-standing cryptocurrency exchange Bitstamp intends to impose a monthly inactive tax on a subset of its users, in order to offset the impact of the market decline on the platform’s trading volume.
Two days from June 28 to 29, a panel of India’s top economic decision-makers will debate whether to levy an additional 28% tax on crypto transactions. In addition to the existing bitcoin income tax of 30%, the proposed tax will be imposed. Many believe that the two-day meeting won’t allow
The Senate advances a bipartisan infrastructure plan to collect extra taxes from the crypto investors and fund a $550 billion investment for transports and other utilities. The crypto-market is already dealing with issues from regulators in many countries, and now it is being burdened with additional-taxes. As the crypto industry
