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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 &...

Tax changes in the UK target cryptocurrencies

The British Treasury has announced that taxpayers will have to declare their gains from cryptocurrencies separately from next year. Taxpayers in the UK will have to report their encrypted digital assets separately on tax forms, with an expected additional collection of up to £10 million...

30% electricity tax for US cryptocurrency miner

The US government is proposing a tax of up to 30% on electricity costs used by cryptocurrency prospectors in an effort to reduce digital mining activity. This tax is applied to companies that use owned or leased (electricity) resources. The tax will be applied...