Tax

The Finance Ministry has announced an exemption of value-added tax (VAT) on digital asset trading to boost Thailand’s status as a digital asset hub. It’s another good sign that a country is taking the commitment to innovations seriously, building an enabling environment for the fast-growing cryptocurrency sector. Thailand has been conspicuously growing on the cryptocurrency […]

The Japanese government has approved a tax reform that will provide favorable conditions for companies holding cryptocurrencies. An amendment to fiscal 2024 taxation laws will exempt companies from paying tax on “unrealized gains” on third-party digital tokens like Bitcoin (BTC). According to local reports, Japan’s government disclosed the new tax reform on December 22 following […]

Lawmakers from both parties in the­ U.S. have asked the Tre­asury to rethink their proposed digital-asse­ts tax system. The lawmakers support crypto de­legates and lawyers. The­y agree that the tax plan is unsafe­ and an inappropriate overstep. Patrick McHenry, head of the House Financial Service­s Committee (R-NC), worked on a project with Ritchie­ Torres (D-NY) […]