Brazil is one of the top five countries in the world with the most cryptocurrency investors, with more than 10 million cryptocurrency investors, accounting for about 5% of its population, behind India, the United States, Russia and Nigeria.
JinseFinanceThe decision to amend these criteria was made during the SEC's meeting on March 2, 2023, where principles for the enhancement of investment and service standards in the digital asset space were approved.
AlexJapan revises cryptocurrency taxation for corporations, removing taxes on unrealized gains and aligning with retail investor rules, effective April 2024.
Huang BoThe Blockchain Association issues a scathing 33-page comment to the U.S. Treasury and IRS, cautioning that a proposed redefinition of the word "broker" in a federal tax rule could severely impact or force offshore any decentralized finance (DeFi) project in the United States. The proposed change broadens the term "broker" to include any centralized crypto exchange or DeFi project facilitating the transfer of digital assets, subjecting them to the same reporting rules as traditional financial brokers. The Blockchain Association argues that applying this standard to DeFi projects is impractical, could lead to privacy issues, and may drive U.S.-based DeFi projects abroad.
Huang BoBoth centralised and decentralised exchanges will be impacted by the new rules.
AlexLast month, the National Tax Agency (NTA) in Japan introduced adjustments to corporate tax rules to exempt firms from year-end unrealized gains taxation on cryptocurrencies they issued.
Coinlive The framework's scope will include stablecoins, crypto derivatives and certain NFTs.
CoindeskThe Japanese government has announced that it shall be evaluating the crypto tax rules which are applicable for corporations in ...
Bitcoinist
India’s introduction of new crypto taxes had a negative impact on overall trading, forcing entrepreneurs to move to friendlier jurisdictions.
Cointelegraph