Last week, tax authorities in the United Kingdom, Spain, and Brazil made announcements regarding the taxation of cryptocurrency holdings. In the UK, HMRC demanded that hodlers declare any previously unreported crypto holdings and reminded taxpayers of the daily interest charged on late payments. Spanish citizens were reminded of their obligation to declare crypto, even if stored abroad, with specific requirements for individuals with balances exceeding 50,000 euros. Brazil passed a bill to tax foreign crypto holdings, with the tax rate matching that of domestic funds. The SEC is still investigating Binance.US for potential control of customer assets, while Voyager Digital has been ordered to pay $1.65 billion in monetary relief to the FTC. Lastly, the Financial Sector Conduct Authority in South Africa reviewed applications from crypto service providers and will discuss a select number in upcoming meetings.

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Information	Details
Geography	Africa
Countries	🇬🇧 🇪🇸 🇧🇷 🇺🇸 🇿🇦
Sentiment	neutral
Relevance Score	1
People	None
Companies	FTC, HMRC, FSCA, Spanish Tax Administration Agency, Binance.US, SEC, Voyager Digital
Currencies	Bitcoin, Euro, Brazilian Real
Securities	None