Tax
- Companies
South Korean Gaming Titan Wemade Confronts $41M Tax Demand Over Crypto Operations
The South Korean gaming powerhouse, Wemade, renowned for its strides in blockchain gaming, faces a staggering tax demand of $41…
Read More » - Crypto Exchanges
The IRS’ Astronomical $24 Billion Tax Claim Casts Dark Cloud Over FTX Victim Recovery
The United States Internal Revenue Service (IRS) has pushed forward a staggering $24 billion tax claim against the beleaguered crypto…
Read More » - Policies & Regulations
New Proposed Regulations for Cryptocurrency Brokers Released by U.S. Treasury Spark Mixed Reactions in Crypto Community
The U.S. Treasury Department has unveiled a proposed regulation that would mandate cryptocurrency brokers, encompassing exchanges and payment processors, to…
Read More » - Policies & Regulations
IRS Ruling: Crypto Staking Rewards Subject to Taxation Upon Receipt
The United States’ top tax authority has recently issued a new directive concerning crypto investors. As per this ruling, those…
Read More » - Global News
US Senate Financial Services Committee Engages Digital Asset Community for Insights on Taxation Challenges in Open Letter
Chairman Ron Wyden and ranking member Mike Crapo of the United States Senate Financial Services Committee have issued a public…
Read More » - Policies & Regulations
Japanese Law Revision Grants Tax Relief to Token Issuers, Crypto Gains Exempt from 30% Tax Rate
A recent revision in the law by the National Tax Agency in Japan brings good news for token issuers. They…
Read More » - MENA News
Introducing TaxGPT: Virtuzone Unveils the First AI Corporate Tax Assistant for UAE Businesses
Virtuzone, a company formation specialist and provider of corporate services in the UAE, has introduced TaxGPT, a revolutionary AI-powered assistant…
Read More » - MENA News
UAE Digital Economy Council Highlights National Endeavors in Pursuit of Global Leadership in Future Economy
Omar bin Sultan Al Olama, the Minister responsible for Artificial Intelligence, Digital Economy, and Remote Work Applications, reaffirmed the continuous…
Read More » - Policies & Regulations
US President Call to End Crypto Tax Loopholes Sparks Controversy Among Community Members
On Twitter, President Joe Biden shared an infographic urging to close “tax loopholes” benefiting wealthy crypto investors. Some individuals in…
Read More » - Crypto Mining
Marathon and Zero Two Join Forces to Create Middle East Largest Sustainable Bitcoin Mining Operation in Abu Dhabi
Marathon Digital, a bitcoin mining company, has teamed up with Zero Two, which is supported by Abu Dhabi’s sovereign wealth…
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