Tax

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits

| Wolfie Zhao

Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.

Korean Government Seeks to Strip Tax Perks From Crypto Exchanges

| Wolfie Zhao

Cryptocurrency exchanges in South Korea may soon lose eligibility for tax benefits currently granted to smaller companies and startups.

South Korea Plans Tax Perks for Blockchain Startups

| Wolfie Zhao

South Korea is planning to cut tax for companies developing nascent technologies such as blockchain as part of its push for innovation growth.

International Task Force Notes Use of Cryptocurrencies in Financial Crime

| Muyao Shen

Tax authorities from five different nations are coming together to combat international financial crimes, with a focus on cryptocurrencies.

Court Says India’s Crypto Exchange Bank Account Ban Will Continue

| Muyao Shen

India's central bank won a key victory in court this week.

Congress

US Senators Discuss Crypto Threat to Domestic Elections

| Nikhilesh De and Madeline Meng Shi

DarkTower director Scott Dueweke said cryptocurrencies are "tailor made" for foreign powers hoping to influence American elections.

Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends

| Daniel Palmer

South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.

Chinese City to Use Blockchain In Fight Against Tax Evasion

| Sujha Sundararajan

Tencent is working with a local tax authority on fintech solutions to tax issues, and already has a blockchain product for invoicing.

India Considers New Tax on Cryptocurrency Trades

| Sujha Sundararajan

India could soon impose goods and services tax (GST) on many digital currency transactions, a report indicates.

Arizona Lawmakers Strip Crypto Mentions From Tax Payments Bill

| Nikhilesh De

Arizona Senate Bill 1091 has been passed by the House and Senate - but no longer mentions cryptocurrencies anywhere.