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Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale
Singer-songwriter Jonathan Mann recently shared the story of how earning millions in Ethereum (ETH) during a one-hour sale of his ...
Tag: Tax
Russia moves to relax crypto mining bans on tax revenue concerns
The executive power in Russia has suspended the expansion of a crypto mining ban that would have added several more ...
Bitcoin mining costs soar 47% to $137K in Q4 amid rising input costs, tax liabilities
The average cost to mine one Bitcoin (BTC) increased sharply in the fourth quarter of 2024, reaching $82,162 among publicly ...
UAE Tax authority to levy VAT from Crypto mining service providers
The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) issued a clarification regarding VAT (Value Added Tax) for ...
Kyrgyzstan crypto mining tax collection falls 50% year-over-year in 2024
A report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly ...
Russia approves 15% tax on crypto mining and transactions
Russia has approved an amendment to a draft bill introducing taxes on crypto transactions and mining activities, Interfax reported on ...
Bitcoin mining profits in Russia to face new 15% tax rules, officials say
The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving ...
Japan’s new Minister hints at crypto tax reform to boost blockchain growth
Japan’s new Digital Transformation Minister hints at crypto tax reforms to boost the nation’s blockchain sector and foster innovation in ...
Russia mined over $3 billion in Bitcoin last year, boosting tax revenue amid sanctions
Russian lawmakers pass bill legalizing Bitcoin mining, crypto payments for international trade Adoption 1 month agoThe bill, which was first ...
Japan’s Web3 Support Continues: Tax Reforms and Solving Social Problems
Takeru Saito, Japan’s Minister of Economy, Trade, and Industry, announced tax reforms intended to nurture the growth of startups in ...
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