Bitcoin24h $78,114.91-1.38%

Ethereum24h $2,463.22-1.01%

BNB24h $748.38+0.53%

XRP24h $1.40+0.36%

Solana24h $102.83-1.69%

TRON24h $0.3389+1.09%

Hyperliquid24h $82.74-5.17%

Zcash24h $1,161.82-0.97%

Dogecoin24h $0.0893-1.20%

Monero24h $502.16-6.30%

Spain can soon settle tax debts by seizing crypto

Spanish authorities will be able to seize crypto assets when executing taxpayer debts when reforms to the country’s tax laws come into force.

UK crypto traders could face £900 fine if they don’t file taxes this month

HMRC has reminded UK crypto traders to pay taxes when they receive crypto as part of a trade or via income from crypto-related activities.

Genesis stands to benefit from $700 million of “federal net operating loss carryforwards,” if DCG keeps hold of at least 80% of the firm.

The UK gov’t wants to know how many times a crypto asset has been transacted, how much it cost, what exchanges were used, and any profits.

The UK’s 40% tax rate means that £100,000 in inherited crypto could still incur a £40,000 bill, even if bereaved families can never spend it.