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Crypto Industry Pushes U.S. Congress to Pass New Tax Bill

The crypto industry is actively lobbying Congress to pass a new tax bill.
* This bill is expected to ease regulations around crypto mining and staking.
* It's a top priority for industry leaders, aimed at boosting growth and innovation in the crypto space.
* However, the bill is facing increasing concerns from Democratic lawmakers in the House.
* The big question is whether this bill will get the green light this year.
#BinanceSquare #CryptoNews #ThueCrypto #ChinhSach #My

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Source: Decrypt

India: Crypto trading booms, tax collection 'lags'

* According to the report, India’s tax department found that the number of people declaring cryptocurrency transactions on their tax returns is significantly lower than actual trading activity.
* Specifically, fewer than a quarter of the 645,000 people who conducted crypto transactions reported them.
* This highlights the challenge of complying with tax regulations and the potential for tax shortfalls from India’s growing cryptocurrency market.

#BinanceSquare #CryptoNews #India #ThueCrypto #QuyDinh

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Source: CoinTelegraph

Vietnam Proposes New Regulations on Taxes for E-Currency Assets

- The South African Revenue Service (SARS) has released a draft guidance on how to tax cryptocurrency assets.
- These rules will be applied under the country’s current income tax and capital gains tax frameworks.
- The goal is to clarify tax obligations for crypto assets.
- The draft is open for public comments until August 31.
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Source: CoinTelegraph

Hi everyone, can I ask that from 1/7, the tax is only for spot trading, right?
How is it calculated for alpha and futures, and where does the government get the data to tax, isn’t that right?
It’s not clear at all, very unclear and ambiguous.
#thuecrypto

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US Crypto Sector Pushes for Clearer Tax Policies on Mining & Staking

- Top lobbying groups in the crypto industry are actively pushing for tax policy reforms.
- They have urged the US House Ways and Means Committee to pass a bill.
- The goal is to clarify how taxation applies to assets acquired through mining and staking activities.
- This move aims to bring more certainty and transparency to tax regulations for key operations in the crypto space.
#BinanceSquare #CryptoNews #ThueCrypto #Mining #Staking Policy

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Source: CoinDesk