2023-6-27 12:57 |
Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.
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The National Tax Agency in Japan recently revised a law on June 20, exempting token issuers from paying corporate taxes on unrealized cryptocurrency gains.
2023-6-26 16:03 | |
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The National Tax Agency of Japan released an updated version of its corporate tax guidelines, introducing significant changes to the crypto taxation rules for digital token issuers. This revision focuses explicitly on eliminating taxes on unrealized gains derived from crypto assets issued by companies.
2023-6-26 16:00 | |
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Japan’s National Tax Agency revised the corporate tax rules for cryptocurrency issuers earlier this week. The revised rules exempt crypto token issuers from paying corporate tax on unrealized gains for their holdings.
2023-6-25 20:42 | |
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Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). In a May 17 company statement, the stablecoin issuer said it would self-custody the purchased BTC — adding that its purchase “will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains […] The post Tether USDT to strengthen reserves with Bitcoin purchase appeared first on CryptoSlate.
2023-5-17 16:05 | |
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The recent rally in BTC's price led to many BTC holders netting unrealized gains. The aSOPR's attempt to retest the value of 1.0 signaled a bullish trend in the current market. Bitcoin [BTC]The post Bitcoin [BTC]: What you should expect following 2023's 23% rally appeared first on AMBCrypto.
2023-1-18 07:30 | |
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Project founders will no longer be subject to hefty taxes which forced them abroad from next April onwards.
2022-12-17 21:46 | |
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Japan has approved a proposal aimed at exempting crypto businesses from paying unrealized capital gains tax on their asset holdings.
2022-12-16 14:52 | |
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Mike Novogratz’s Galaxy is expecting a US stock listing in Q1 2022, the same as the completion of its BitGo acquisition, whose assets under custody rose 4x in less than a year. The post Galaxy Managing .
2021-11-17 22:18 | |
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If an unrealized capital gains tax is enacted, it could have major ramifications for the economy and create a dangerous precedent.
2021-11-12 23:00 | |
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The CEO of Tesla Elon Musk has shaken the finance world once more, and the consequences could impact Bitcoin. Via his Twitter account, Musk asked his followers if he should sell 10% or around $25 billion of his company’s stocks as a result of potentially new tax requirements on unrealized gains to be implemented in […]
2021-11-7 01:34 | |
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Treasury Secretary Janet Yellen has proposed a tax on unrealized capital gains. Speaking on CNN’s “State of the Union” over the weekend, Yellen said this new tax would be levied on the very wealthy.
2021-10-26 18:41 | |
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The United States Treasury Secretary Janet Yellen has announced the proposal of a new tax that could hit unrealized capital gains The post U.S. Treasury Secretary Wants to Tax Unrealized Crypto Gains appeared first on BeInCrypto.
2021-10-25 08:56 | |
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Tesla’s venture into the bitcoin markets earlier this year has paid dividends with unrealized gains topping a billion dollars at current prices. The post Tesla Made $1.3B on Bitcoin But Didn’t Buy the Dip in Q3 appeared first on BeInCrypto.
2021-10-22 13:22 | |
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On-chain data shows 99% of the circulating Bitcoin supply has unrealized profits again. History may have the hint for where the market could head next. 99% Of The Circulating Bitcoin Supply Has Unrealized Gains As pointed out by a CryptoQuant post, the profit percent of the circulating BTC supply has reached 99% once again as […]
2021-10-15 22:00 | |
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Bitcoin has been on a tear throughout the past few weeks, with its price posting 2017-style gains as buyers take charge After reaching highs of $19,000, the cryptocurrency’s momentum began stalling and it entered yet another consolidation phase These bouts of sideways trading have been seen on multiple occasions throughout the recent uptrend.
2020-11-24 21:00 | |
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Galaxy Digital Holdings reported on Friday, August 14 that its comprehensive income for Q2 grew to $38. 5 million. The figure reflects both net realized and unrealized gains from digital assets, as well as investing activities of $28.
2020-8-16 01:45 | |
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The latest Coin Metrics report found that about 72 percent of all Bitcoin in circulation now has unrealized gains. The huge rise from December’s 50 percent shows that the vast majority of Bitcoin has an estimated cost basis of less than $12,000.
2020-1-23 23:00 | |
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Despite Bitcoin’s recent bearish condition and low market sentiment, the majority of Bitcoin holders are still in profit, according to data from the crypto analytics platform IntotheBlock. Just over 59 percent of addresses hold Bitcoin bought with an average purchase price below $7,470, putting them “in the money” on unrealized gains even after the cryptocurrency’s […] The post Majority of Bitcoin holders are still in profit, $6,649 could be BTC’s key support level appeared first on CryptoSlate.
2019-10-25 12:30 | |
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Last year, the crypto community pointed fingers at tax payers liquidating assets in order to cover inflated tax bills due to the substantial gains realized during the 2017 Bitcoin bull run as among the chief reasons the bear market had begun.
2019-1-16 23:00 | |
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The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.
2018-11-15 16:58 | |
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Instead, it operates using a so-called “socialized claw-back” policy for cases where a trade shortfall is incurred. In this instance, those with unrealized gains on their short positions this week are set to lose 18 percent of their profits to foot the bill, as Bloomberg notes. As of press time, OKEx has not responded to
2018-8-4 22:31 | |
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The Australian Taxation Office (ATO) has asked cryptocurrency exchanges to provide the personal data and transaction details of up to 1.2 million accounts, according to reports.
Brazil's government proposes a bill to reform tax rules for financial investments and crypto assets, targeting tax havens with a 22.5% rate.
Indonesia’s crypto market faces a period of change and reassessment, as evidenced by falling tax revenue and planned regulatory shifts. While Bitcoin surged in value throughout 2023, the country’s crypto tax revenue plummeted by over 60% compared to the previous year, raising concerns about the effectiveness of the current tax regime. Related Reading: Former FTX, […]
Crypto is classified as a commodity in Indonesia and is subject to VAT and income tax.
The bill is awaiting presidential approval.
Spanish citizens must disclose crypto holdings exceeding 50,000 euros (about $55,000) held on foreign platforms for tax purposes starting January next year, according to an update from Spain’s Tax Administration Agency, Agencia Tributaria.
The crypto held in overseas accounts for about 70% of all assets held outside the country.