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“# Why did WazirX token WRX jump 30% after India announced its big crypto tax? ” WazirX exchange’s native token WRX benefited the most from India’s latest u-turn on crypto this week. WRX price jumps on India tax news WRX price surged nearly 30% to over $1, hitting a three-week high after the Indian government…
“# Colombia clamps down on crypto tax evasion as adoption thrives ” Down in Bogotá, cryptocurrency adoption is raging on. Colombia’s tax authority, the DIAN, (Dirección de Impuestos y Aduanas Nacionales de Colombia) has begun to catch up. It seeks to take “special measures” to crack the whip on cryptocurrency tax avoiders. In a statement released…
“# Thailand scraps 15% crypto capital gains tax following public backlash ” Thailand has decided to suspend the implementation of its 15% cryptocurrency capital gains tax for now. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appears that some sort of crypto tax will still be implemented. Thailand…
“# Crypto tax calculator CoinTracker valued at $1.3B following $100M raise ” Cryptocurrency portfolio tracker and tax calculator CoinTracker has attained “unicorn” status after raising $100 million in Series A financing, demonstrating once again that investors are allocating vast sums of capital toward crypto-focused companies. The Series A investment round was led by California-based venture…
“# IRS special agent: Crypto’s the future but there are ‘mountains of fraud’ ” A top special agent from the Internal Revenue Service has told a conference that NFTs and crypto are the “future” but highlighted that fraud and manipulation is still rampant in the space. Ryan Korner from the IRS Criminal Investigation’s Los Angeles…
“#Over 500 NY municipalities won’t allow legal weed sales” Some of Long Island’s most popular summer hot spots aren’t high on legal weed sales. All seven villages in the town of Southampton — including Westhampton, Sag Harbor and the town’s swanky namesake — opted out of allowing sales of recreational marijuana, records show. The East…
“# Crypto taxation could deter investors, says Thai ruling party MP ” Thailand’s Committee on Monetary Affairs, Finance, Financial Institutions and Financial Market conducted a virtual meeting to discuss various aspects of crypto taxation. The ruling party MP Watanya Wongopasi posted a summary of the discussion on her Facebook page and urged the Excise department…
“# Crypto-focused software firm Lukka raises $110M, reaches $1.3B valuation ” Cryptocurrency accounting and data company Lukka said it had raised $110 million in a new funding round led by hedge fund giant Marshall Wace. In a Friday announcement, Lukka said it had completed a $110 million Series E funding round led by Marshall Wace,…
“#Quebec to impose health tax on unvaccinated residents” The Canadian province of Quebec has announced that it will impose a new “health contribution” tax on people who are not vaccinated against COVID-19. “We are working on a health contribution for all the adults who are refusing to get vaccinated” because they are a “financial burden…
“#Uber Eats withheld more than $11K owed to NYC restaurant over $500 IRS debt” For two months, Uber Eats withheld takeout order proceeds worth more than $11,000 from International Wings Factory, a popular chicken joint on Manhattan’s Upper East Side. The reason? An unpaid bill of $498.97 from the Internal Revenue Service. The IRS contacted…