In a landmark move in the United States, President Donald Trump has signed a congressional resolution that eliminates a contentious Internal Revenue Service (IRS) rule targeting decentralized finance (DeFi) projects.…
The Virtual Assets Chamber of Commerce (VACC), a virtual assets advocacy group in Kenya, has presented policy recommendations to the country’s technical working group on virtual asset regulations. The proposal…
Eric Trump, US President Donald Trump’s son and executive vice president of the Trump Organization, has reportedly confirmed the President’s proposed capital gains tax (CGT) exemption for US-based cryptocurrency projects…
The rules require DeFi brokers to report overall proceeds from certain digital assets transactions they facilitate for customers. The suit also added Janet Yellen, in her official capacity as Secretary…
by Jude Ayua
The US Internal Revenue Service (IRS) has introduced 2024 regulations applicable to brokers that provide services to enable special digital asset sales and exchanges. Approved 5 December and…
The regulations introduced a value added tax (VAT) exemption to cryptocurrency and other virtual assets transactions. Effective from 15 November 2024, transfers and conversions of virtual assets will no longer…
The Federal Inland Revenue Service (FIRS), the Federal tax authority in Nigeria, wants tax revenue from crypto services in Nigeria. To achieve this goal, the FIRS plans to work with…
Following the recent announcement by KuCoin, a leading cryptocurrency exchange, to start charging its Nigerian users 7.5% value-added tax (VAT) on the transaction fees for all crypto transactions on its…