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” Brazil’s oldest bank allows residents to pay their taxes using crypto “ A major Brazilian bank is offering a new and convenient option for taxpayers to settle their dues using cryptocurrencies. According to a statement published by Brazilian bank Banco do Brasil on Feb. 11 it is now “possible” for Brazilian taxpayers to pay…
” Binance Tax launched to prepare crypto users for the tax season “ For many countries, the tax season is right around the corner, which means companies in the crypto industry will need to be ready to help their users comply with local regulations. On Feb. 6, crypto exchange Binance announced it is launching a…
” Tax strategies allow crypto investors to offset losses “ 2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022. Detrimental losses such as these are often concerning for crypto investors, yet there may be a…
” Bitcoin advocate Najah Roberts explains why BTC is a tool for empowerment “ If you ask 10 people what Bitcoin’s original purpose is, at least one person will say it’s meant to cut out the middleman, reduce the cost of transacting and empower those who might not have access to modern financial infrastructure. While…
” Here’s why India held on to older crypto reforms in national budget 2023 “ Cryptocurrency and blockchain technology found no mention in India’s union budget for the year 2023, bringing down the hopes of millions of crypto holders in the country. Many in the Indian crypto community were hoping for some reduction to the…
” IRS reminds taxpayers of crypto income reporting ahead of 2022 filing “ With the deadline approaching for filing the 2022 federal income tax return, the Internal Revenue Service (IRS) — an enforcement agency of United States federal tax laws — released a list of reporting requirements for the general public dealing with cryptocurrencies. Until…
” Arizona lawmakers seek to make crypto a tax-exempt property “ Lawmakers in the Arizona State Senate are considering a bill aimed at having voters decide whether virtual currency is exempt from property taxation. In legislation introduced to the first session of the Arizona State Senate in 2023, Senators Wendy Rogers, Sonny Borrelli, and Justine…
Biden knocks ‘fiscally demented’ Republicans in MLK Day speech President Biden on Monday called Republicans “fiscally demented” and knocked GOP priorities during the keynote speech at the National Action Network’s (NAN) annual breakfast to mark Martin Luther King Jr. Day. “They’re gonna talk about big-spending Democrats again. Guess what? I reduced the deficit last year…
” Death and self-custody: How to pass on your crypto when you die “ The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn. Speaking…
” Terra accidental airdrop leads to smear campaign, community member claims “ Terraform Labs (TFL), the firm behind the defunct algorithmic stablecoin TerraUST (USTC), and its co-founder Do Kwon is back in the limelight again for allegedly running a smear campaign and issuing threats against one of their own community members. It all started in…