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South Korean City Plans Cryptocurrency Confiscation
Cheongju’s administration has reached out to seven South Korean crypto exchanges, including Upbit and Bithumb, to investigate the holdings of around 8,520 individuals who owe a minimum of 1 million won ($750) in local taxes. After the investigation, authorities in Cheongju aim to seize cryptocurrency assets from such tax evaders. Crypto have increasingly been used for hiding assets in South Korea. Over the span of 2021 and 2022, a total of around $180 million worth of crypto were seized by the South Korean government from individuals who evaded their taxes. Crypto Taxes: Essential Knowledge for Every Investor
As most countries are progressively legalizing cryptocurrencies, they now require digital asset owners to pay taxes. Nevertheless, some specific strategies and guidelines can be employed to legally minimize or even completely evade tax liabilities. Arkansas Breaks New Ground with Pioneering Bill for Miners
Arkansas is making strides with the innovative Arkansas Data Centers Act of 2023, now approved by both the House of Representatives and Senate, and pending Governor Sarah Huckabee Sanders' signature. This cutting-edge legislation seeks to provide a robust framework for Bitcoin miners, shielding them from prejudiced regulations and taxes while guaranteeing parity with data centers. 
99.75% of Crypto Investors in Israel Don’t Pay Taxes
According to the state comptroller, Israel is losing substantial revenue due to an ineffective tax system for cryptocurrency transactions. Between 2018 and 2022, the country could have collected an additional $250 million annually by taxing digital asset users.Slovakia Votes to Lower Crypto Taxes!
The National Council of the Slovak Republic, Slovakia’s parliament, has approved measures to lower taxes on cryptocurrencies and provide additional benefits for cryptocurrency holders. The amendment, passed on June 28, will reduce the personal income tax rate on profits obtained from the sale of cryptocurrencies held for at least one year. 
Gold Coast will consider the possibility of using cryptocurrencies by taxpayers
The fall of the cryptocurrency market, observed over the past six months, does not frighten Australian officials. Gold Coast Mayor Tom Tate suggests exploring the possibility of using digital currencies to pay taxes in the future. 1 - 18 of 18 results