tax

In a significant move to comply with regulatory and tax requirements, Arkham has withdrawn 304.5 million ARKMs, valued at approximately $487.24 million, from its vesting contract and transferred them to Coinbase Prime custody. According…

Budget 2024: The crypto industry expects Finance Minister Nirmala Sitharman to announce several favourable measures in the upcoming Union…

Signs of an immediate regulatory shift for cryptocurrency in Nigeria emerged on Wednesday as crypto exchange KuCoin announced it would begin charging a value-added tax on transactions beginning July 8. The exchange cited a “regulatory…

Post-halving sees Bitcoin miners struggling to stay afloat. A ‘HODL tax‘ would force long-term holders to subsidize miners.  The ‘HODL tax‘ proposal has sparked widespread pushback. Bitcoin miners play a critical…

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The leading cryptocurrency exchange, KuCoin, has implemented a 7.5% transaction fee tax on all trades executed on the platform for its Nigerian users. According to an official announcement, KuCoin will start…

Brazil’s tax authority is reportedly planning to seek information from foreign cryptocurrency exchanges to find out how they operate in the country and whether its citizens are complying with the country’s new tax laws or not. The…

In a significant turn of events, Nigeria has withdrawn tax evasion charges against two executives from Binance, the world’s largest cryptocurrency exchange.  According to Reuters, the decision came after Binance appointed a local…

Defunct cryptocurrency exchange, FTX has settled with the Internal Revenue Service (IRS) on its $24 billion tax case according to a recent report by Bloomberg. To resolve a $24 billion tax demand the Internal Revenue Service (IRS)…

Bankrupt cryptocurrency exchange FTX might be able to settle a $24 million claim from the U.S. Internal Revenue Service (IRS) for $200 million. This settlement is still pending court approval, but would resolve one of the thornier…