A recent public consultation conducted by the Bank of Canada on the country’s central bank digital currency (CBDC) initiative has revealed a negative sentiment among Canadians. The consultation aimed to explore the role of CBDCs in a digital payment landscape dominated by credit cards. However, the survey, which received 89,423 responses, showed that Canadians are […]
The UK’s HM Revenue and Customs (HMRC) has introduced a new system for taxpayers to voluntarily disclose any unpaid tax on digital assets, including cryptocurrencies like Bitcoin, NFTs, and utility tokens. This initiative aims to increase oversight of the nascent asset class and help taxpayers rectify their tax affairs while potentially avoiding severe penalties and […]
Brazilians may soon face a new tax on income derived from cryptocurrencies held on exchanges outside the country. The Brazil Senate has approved new income tax rules that would require individuals to pay up to 15% tax on earnings over $1,200 made on foreign exchanges. The bill, which has already passed in the Chamber of […]
