So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Best and worst countries for crypto taxes — plus crypto tax tips
So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth.
Best and worst countries for crypto taxes — plus crypto tax tips
So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth.
Best and worst countries for crypto taxes — plus crypto tax tips
So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth.
Best and worst countries for crypto taxes — plus crypto tax tips
Tax is a nightmare for compliance. And crypto taxes — which include a variety of innovative mechanisms and products that have no analog in traditional finance — are 10 times worse.
Complicating matters even further, the global industry operates across borders and jurisdictions. But there are definitely better and worse countries for the newly crypto-rich to base themselves as tax havens — even Americans who get followed around by the IRS with its hand out no matter where they are.
(The information provided is not legal or financial advice and should serve only as a starting point for further research.)
To start off, we need to define what income and capital gains are.
What is income for crypto tax?
Income tax generally covers things such as wages, dividends, interest and royalties. Within the context of digital assets, these might include income earned via mining, staking, lending, crypto-denominated salaries and even airdrops.
Best and worst countries for crypto taxes — plus crypto tax tips
Tax is a nightmare for compliance. And crypto taxes — which include a variety of innovative mechanisms and products that have no analog in traditional finance — are 10 times worse.
Complicating matters even further, the global industry operates across borders and jurisdictions. But there are definitely better and worse countries for the newly crypto-rich to base themselves as tax havens — even Americans who get followed around by the IRS with its hand out no matter where they are.
(The information provided is not legal or financial advice and should serve only as a starting point for further research.)
To start off, we need to define what income and capital gains are.
What is income for crypto tax?
Income tax generally covers things such as wages, dividends, interest and royalties. Within the context of digital assets, these might include income earned via mining, staking, lending, crypto-denominated salaries and even airdrops.
Best and worst countries for crypto taxes — plus crypto tax tips
Tax is a nightmare for compliance. And crypto taxes — which include a variety of innovative mechanisms and products that have no analog in traditional finance — are 10 times worse.
Complicating matters even further, the global industry operates across borders and jurisdictions. But there are definitely better and worse countries for the newly crypto-rich to base themselves as tax havens — even Americans who get followed around by the IRS with its hand out no matter where they are.
(The information provided is not legal or financial advice and should serve only as a starting point for further research.)
To start off, we need to define what income and capital gains are.
What is income for crypto tax?
Income tax generally covers things such as wages, dividends, interest and royalties. Within the context of digital assets, these might include income earned via mining, staking, lending, crypto-denominated salaries and even airdrops.
Web3 a hot topic at SXSW despite bear market and declining interest in NFTs
Web3 was a major theme at SXSW 2023, yet previous hype around NFTs and building during a bear market may be contributing factors to Web3 adoption.
SVB contagion: Australia reportedly asks banks to report on crypto
Australia’s prudential regulator has reportedly told banks to improve reporting on crypto assets and provide daily updates.
SVB contagion: Australia reportedly asks banks to report on crypto
Australia’s prudential regulator has reportedly told banks to improve reporting on crypto assets and provide daily updates.
OKX latest proof-of-reserves reveal $8.9B in assets
Lennix Lai, managing director of Global Institutional at OKX spoke with Cointelegraph about what it means to be transparent in a post-FTX and SVB crypto industry.
Holding Bitcoin: A profitable affair 88.5% of the days
The historical price performance of Bitcoin confirms the notion that a hard limit on total supply combined with seamless global usability is key to becoming a store of value.
History of money: From fiat to crypto, explained
Money’s history is extensive, yet modern currencies are primarily supported by the state’s management of the economy and inflation through fiat currency.
Coinbase submits petition to explain to SEC that staking is not securities
The company continues its fight against the recent Commission position on crypto staking.
Arbitrum token finds its way to OTC market before the airdrop
Following the Arbitrum airdrop announcement, crypto users who have been eligible for the airdrop are already selling them in OTC markets.
SpankPay crypto payment service shutters, citing 'hostile banking environment
SpankChain was forced to close its crypto payment processor after the hunt for a new adult-industry-friendly service provider yielded no results.
US exploring ways to guarantee the country's 18T of bank deposits: Report
The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount.
Crypto.com customer accused of $10M spending spree granted bail
The Judge explained that prison time wasn’t necessary because Singh couldn’t flee without his Indian passport or being able to apply for a new one.
Crypto.com customer accused of $10M spending spree granted bail
The Crypto.com customer who was accidentally sent $10.4 million from the exchange in 2021 and then allegedly went on a spending spree has been granted bail despite $3.1 million funds still unaccounted for.
In the Victorian County Court, prosecutors on March 20 tried to convince the judge that imprisonment would be the only way to ensure that the accused, Jatinder Singh, would not flee the country.
The blunder by Crypto.com came about when a Bulgarian-based employee accidentally transferred $10.4 million to his account instead of what was meant to be a $100 refund in May 2021. The accused is alleged to have bought four houses and a car with the funds, along with sending a portion overseas.
Prosecutors argued that Singh is financially motivated to flee the country because only $7.3 million has been recovered, according to a report from the Herald Sun.
Of the missing $3.1 million, over $2 million is believed to have been shifted offshore to Malaysia, the court heard.
Euler Finance to enter talks with exploiter over the return of funds
Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the exploiter.
In an on-chain message to Euler on March 20, days after sending funds to a red-flagged North Korean address, the exploiter claimed they now want to “come to an agreement” with Euler.
“We want to make this easy on all those affected. No intention of keeping what is not ours. Setting up secure communication. Let us come to an agreement,” said the exploiter.
The hacker’s most recent public on-chain message to Euler. Source: EtherscanHours later, Euler replied with its own on-chain message, acknowledging the message and asking the exploiter to talk “in private,” stating:
“Message received. Let's talk in private on blockscan via the Euler Deployer address and one of your EOAs, via signed messages over email at
