Crypto (Tax) Weekly - December 13, 2024 ...stay up to date on crypto (taxation) news
Dear reader,
You are welcome to another edition of "Crypto (Tax) Weekly" where we update you on all the latest news in the world of crypto (tax), regulations and compliance.?
The most important updates that happened in the past two weeks, delivered right into your mailbox.
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On Thursday last week, Bitcoin crossed $100,000 for the first time ever, marking a historic milestone in the crypto world! Although it has regressed a few thousand dollars, this milestone solidifies Bitcoin's position as the leading cryptocurrency in the world, underscoring the power of decentralized finance and blockchain technology. ?
A huge win for the crypto community and the financial ecosystem at large.
TOP NEWS?
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The prime minister said Czech residents would not have to report crypto transactions under $4,200 per year or pay taxes for selling digital assets held for more than three years.
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President Vladimir Putin signed a law Friday that created the legal framework to tax cryptocurrency mining and transactions, as Russia seeks to regulate its cryptocurrency industry. The new law recognizes digital currency as property in amendments to Russia’s Tax Code.
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French lawmakers are debating a tax on unrealized capital gains for cryptocurrencies, potentially altering how assets like Bitcoin are taxed.?
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Starting in 2025, Liechtenstein will introduce new reporting obligations for digital platforms as part of its VAT system alignment with Switzerland’s recent VAT reforms.
OTHER NEWS
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Holders of Tether's euro-pegged stablecoin EURT must redeem their tokens by November 27, 2025, as the company ceases support for the product amid evolving European regulatory landscape according to Tether's announcement. The decision affects all EUR? tokens across all blockchains.
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Iran is shifting its stance on digital currencies, focusing on regulation rather than imposing restrictions, according to Minister Abdolnaser Hemmati.
领英推荐
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EU member states that have yet to adapt local law to implement MiCA by year's end include Belgium, Italy, Poland, Portugal, Luxembourg and Romania.
INTRODUCING THE LATEST CRYPTO TAX FORUM MEMBER!
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Beyond technical development, Artiffine offers strategic Web3 consulting, guiding clients through the complexities of blockchain integration with insightful strategies and innovative solutions. Artiffine's comprehensive services also include tokenomics planning, developing sustainable economic models tailored to the specific needs of each project.
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Artiffine places a strong emphasis on legal compliance, ensuring all projects align with current regulations and best practices, providing safeguards for clients and their ventures. By partnering with Artiffine, organizations gain a competitive advantage, leveraging its expertise to effectively navigate the evolving digital landscape.
YOU CAN ALSO BECOME A CRYPTO TAX FORUM MEMBER!
We are currently open to taking new members for the Crypto Tax Forum. Crypto Tax Forum is building a community of tax, legal, compliance, governmental, Web3 and finance professionals who deal with crypto assets.
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By being a member of the Crypto Tax Forum, you will be presenting yourself (or your company or brand) to vital professional stakeholders in the Web3 field. You will also be visible to anyone searching for professionals from your country/continent, with your photo, name, and LinkedIn profile on the CTF?website.?
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Another perk is the opportunity to publish a blog, which we will help edit and then promote to all 6,000 of our followers across social media, 12,000+ newsletter subscribers, and 9.3 million professionals on LinkedIn. We will do the same for the Webinar and/ or physical event that we will organize for you specifically.?
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*Please note that we accept only 1 Crypto Tax Forum member per country and category (e.g. only one crypto tax lawyer in Bulgaria).
20 COUNTRIES WHERE CRYPTO IS TAXED
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Watch the video below to discover 20 countries in the world where cryptocurrency is subject to taxation. If you or your organization need help reporting your crypto taxes, send us an email at [email protected]. Our team of experts will be happy to provide professional assistance for you.
If you know someone who might be interested in this newsletter, don't hesitate to share it with them.
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Sincerely,