Get to know USA stories in News words
[ad_1] Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users’ sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on … Read more
[ad_1] Profits generated via crypto activities in India are subjected to a 30 percent tax deduction, a rule that most members of the Indian crypto community have been failing to comply with. In order to get more Indian crypto investors to pay their taxes, TaxNodes has decided to offer complimentary NFTs to taxpayers using its … Read more
[ad_1] Germany’s Deutsche Bank AG is shifting its attention to the digital assets sector. The banking major is now seeking approval to operate as a crypto custodian in Germany. The banking mammoth aims to allow its users to purchase and sell crypto assets via credible and authenticated brokers. This would ensure that investors would not … Read more
[ad_1] The US has come to a decision regarding the imposition of excise taxes on Bitcoin miners operating from within the country. The US will not be adding any new tax layer upon the US’ Bitcoin mining sector as the proposal extended earlier this month has officially been scrapped. The development was confirmed to the … Read more
[ad_1] The US is not ready to take any financial risk or lose incoming capital, especially now when its economy has hit an inflation-ridden roadblock. US President Joe Biden, under the circumstances, is not considering any relaxation in taxes levied on crypto holders and investors in the country. Biden’s stance on slashing crypto taxes came … Read more