Singapore is once again gaining limelight in the crypto industry, as it has removed capital gains tax on Bitcoin and other cryptocurrencies. This initiative has strengthened Singapore’s crypto tax policies and sends a strong message to global investors. Over a prolonged period, Singapore has made a reputation for financial stability
Brazil’s Congress has recently proposed a bill to purchase a strategic reserve of 1 million Bitcoins. The Lawmakers proposed implementing the bill over five years through gradual Bitcoin purchases. The official draft of this bill is known as the Bitcoin Strategic Reserve Act. It extends previous ideas of utilizing foreign
Crypto officials have reacted to the recent 5% tax proposed on billionaires’ wealth in California and stated that it would lead to a large-scale exit of money from the country and withdrawal of entrepreneurs. They further argued that the proposed tax would be wasted anyway. According to the 2026 Billionaire
British tax authorities have intensified their hunt for cryptocurrency investors who might not have reported taxable profits on digital assets. The tax agency issued about 65,000 compliance notices in the last fiscal year, which is a huge improvement compared to the past enforcement activities. This crackdown is accompanied by the
Roger Ver, a pioneering figure in the cryptocurrency world known as “Bitcoin Jesus,” has enlisted the help of Roger Stone, a longtime associate of President Donald Trump, according to the New York Times, to aid in his legal battle. Ver, facing federal fraud and criminal tax charges, has reportedly paid
Over the weekend, the crypto market showed a brief bullish return, much to the joy of investors. Bitcoin reclaimed $86K after the past week’s crash. Although it has currently returned to the $84K level, it has instilled hopes for a market recovery. Meanwhile, Trump’s memecoin, Official Trump, is set to
Lawmakers in North Carolina have announced a new bill aimed to allow the use of digital assets in official economic functions. The proposal named Digital Asset Freedom Act, allows digital assets to be used in payment of taxes all around the state. In addition to that, the bill offers a
A Nigerian court has adjourned the Federal Inland Revenue Service’s (FIRS) tax evasion case against Binance until April 30. The decision gives the FIRS more time to respond to a motion filed by the crypto exchange. Binance challenged a February 11 court order that allowed documents to be served via
On February 10, 2025, a 25% tariff by President Trump on all steel and aluminum imports triggered global markets’ responses, hitting hardest in the cryptocurrency sector; this statement merely fueled already exacerbated trade tensions while bringing about market-wide selling pressure. Bitcoin, the biggest cryptocurrency, also plunged to $94,000. Other digital
India’s New Crypto Tax Rules Bring Heavy Penalties India has begun strict new tax guidelines on the profits obtained from cryptocurrencies. Undisclosed gains will attract up to 70% penalties. This amendment is under Section 158B of the Income Tax Act as announced by Finance Minister Nirmala Sitharaman in the Union
