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Slovakia reduces cryptocurrency taxes and adopts new legislation for the field

An amendment to the cryptocurrency tax has been approved in Slovakia, as the National Council of the Slovak Republic voted in favor of tax reduction. Personal income tax on profits from the sale of cryptocurrencies will be reduced for individuals who hold them for...

Ukraine Approaches Regulating Cryptocurrencies and Imposing 18% Taxation

The Ukrainian National Securities and Stock Market Commission (NKTSBFR) has announced the completion of the development of a new draft law for cryptocurrency taxation guidelines and the update of the "Virtual Assets" law text. The new draft was developed in collaboration with Ernst &...

Passing MiCA Legislation: The European Union Moves Towards Regulating Cryptocurrency Markets

The Economic and Financial Affairs Council of the European Union, composed of finance ministers from all member states, has approved the anticipated legislation for regulating crypto assets (MiCA) after voting on May 16. Finance ministers from the 27 member states voted in favor of the...

The European Parliament Adopts Crypto-Focused MICA Legislation

The European Parliament has passed new legislation related to cryptocurrencies, with the majority voting in favor of the MICA law that focuses on digital currencies and electronic payment technologies. Among the key features of this law is the regulation of the digital currency market, providing...