A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one.
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Kenya Collects Over $77M in Taxes From 384 Crypto Traders
The Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto Taxes The Kenyan
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IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns
Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says.
Read moreItaly’s finance minister defends 42% crypto capital gains tax plan
Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes.
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Brazilian Central Bank Considers Taxing Stablecoin Remittances
The stablecoin boom in Brazil has caught the attention of the central bank, which is currently exploring several ways to tax stablecoin remittances, including issuing
Read moreMichael Saylor posts fake quote from Trump on crypto to 3.6M followers
Donald Trump said nothing about changing tax laws for Americans using Bitcoin to buy coffee but has suggested eliminating federal income tax.
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