Kenya Proposes 3% Tax on Digital Asset Transfers in 2023 Budget Law Amendment
The Kenyan government has proposed amendments to the 2023 budget law that would allow for an additional tax on income from digital asset transfers. The bill was presented to Kenya's parliament on May 4 and would tax income generated from transactions involving digital asset ...
Council of Economic Advisers Proposes 30% Tax on Miners to Combat Climate Change
Council of Economic Advisers to the President (CEA) proposed a thirty percent tax on miners to prevent them from ruining the climate. Council proposed to introduce the tax in stages over three years, starting with 10% next year. In 2025 to increase the tax to 20%, and the ...
Judge Rejects US Government Proposal to Delay $1B Deal Between Voyager and Binance.US
In the Southern District of New York, a $1 billion deal between Voyager and Binance.US has been the subject of much legal debate. The US government had originally proposed a hold on the deal, citing concerns that the agreement would indemnify Voyager and its employees from potential tax or securi ...
Bitcoin and Cryptocurrency Market Experiences Significant Drop
On March 9th, Bitcoin rates experienced a sharp decline, dropping below $20,000 for the first time in two months. According to experts, the reason behind this drop can be attributed to the liquidation of Silvergate Cryptobank and the unveiling of the US budget for 2023. President Joe Biden ann ...