Kenya Collects Over $77M in Taxes From 384 Crypto Traders
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The Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto…
IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns
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Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later,…
Latam Insights: Brazil Pushes for BRICS Unified Financial System, Milei Axes Tax Enforcement Agency
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue,…
Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says
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Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its…
Crypto Billionaire Flees London Over Offshore Tax Concerns
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Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore…
Turkey Scraps Planned Crypto Tax, Targets Economic Reforms
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Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet…
New Zealand Enforces OECD Crypto Reporting Framework in New Tax Bill
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New Zealand Implements OECD Crypto Reporting Rules to Enhance Tax Compliance. Non-compliance penalties include fines up to $6,200 for providers and $621…
Nigeria Set to Introduce Crypto Tax Law by September
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Nigeria’s FIRS plans to introduce a crypto tax law by September to address regulatory gaps. The changes aim to modernize Nigeria’s revenue…
Latam Insights Encore: Bukele Pushes Controversial Substitution of National Products Policy To Fight Inflation, Offers Free Coffee on Top
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Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition,…