Crypto Tax Platform Blockpit Buys Rival Accointing From Glassnode

The "multi-million dollar" acquisition gives Austria-based Blockpit a footprint in the U.K.

Is Portugal Europe’s Crypto Tax Heaven? Legal Expert Shares Insights and Loopholes

Portuguese Tax Lawyer delves into Portugal’s updated Crypto Tax Law for 2023, shedding light on new tax exemptions, the treatment of crypto transactions and NFTs, and strategies like tax-loss harvesting that benefit crypto investors in Portugal.

Thailand Plans to Tax Overseas Income From Crypto Traders 

Thailand plans to tax overseas income from crypto traders to fund its economic stimulus measures. The tax targets residents trading in foreign stock markets and cryptocurrency traders. The post Thailand Plans to Tax Overseas Income From Crypto Traders  appeared first on BeInCrypto.

Crypto Staking Rewards Classified as Taxable Income by IRS: What You Need to Know

The US Internal Revenue Service (IRS) has declared earnings from cryptocurrency staking as taxable income, increasing scrutiny on the crypto market. The post Crypto Staking Rewards Classified as Taxable Income by IRS: What You Need to Know appeared first on BeInCrypto.

Slovakia Stands to Lose €30M Through Crypto Tax Cuts

Slovakia relaxes tax rules for cryptocurrency profits and payments below 2,400 euros.

The post Slovakia Stands to Lose €30M Through Crypto Tax Cuts appeared first on BeInCrypto.

Is MetaMask withholding customers’ crypto for taxes? No, it’s not

The parent company behind the crypto wallet MetaMask has debunked "inaccurate" rumors that it is collecting tax on crypto transactions.

Only 0.53% of investors declared their crypto for tax in 2022

Cryptocurrency traders and investors are highly unlikely to report their crypto holdings to the tax authorities, a recent research report from Divly has shown. The crypto tax automation platform found that the global crypto tax payment rate ranged from 0.