The Japanese government has approved a tax reform that removes some crypto taxes for corporations and conglomerates. The reform, discussed since early December, removes the unrealized gains taxes on crypto holdings for companies, paving the way for them to hold crypto assets more consistently. Japanese Government Approves Tax Reform to Eliminate Unrealized Gains Tax The […]
The Angolan National Assembly recently approved legislation that seeks to address crypto mining’s impact on the environment as well as safeguarding the country’s “monetary sovereignty.” The objective of this legislation is to also curb illicit activities by preventing bad actors from using cryptocurrencies to launder money. Legislation Initiated by President Joao Lourenco The Angolan …
A Kenyan parliamentary committee has reportedly approved a bill that proposes to widen the definition of securities to include cryptocurrencies. The bill proposes a tax on crypto exchanges and digital wallets as well as a capital gains tax on users who realize a capital gain from the sale of their crypto assets. Bill Just Two […]
Galaxy Digital CEO Mike Novogratz expects the price of bitcoin to be significantly higher when the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). “We will see a pretty successful shift of psychology … when the government says ‘you are allowed to buy bitcoin,’” he described. Mike Novogratz’s Bullish Bitcoin Prediction […]
The Delaware District’s U.S. Bankruptcy Court has greenlit the FTX estate’s disposal of trust assets. This sanction, issued on November 29, 2023, paves the way for the beleaguered crypto exchange to offload investments in several funds, including Grayscale and Bitwise stakes. Furthermore, the FTX Trading Ltd. record, maintained by restructuring entity Kroll, is swamped with […]