Dogecoin Community Exploration

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Senator Ted Cruz plans to challenge IRS crypto tax rules South Korea’s Democratic Party agrees to delay crypto tax by 2 years Russia’s Federation Council Approves New Crypto Tax Bill As Bitcoin Sets New All-Time High Against The Ruble Dogecoin Foundation Challenges Trump’s Crypto Tax Preferences Public Input Sought for Australia’s OECD Crypto Tax Plan

Jan / 01
- Senator Ted Cruz plans to challenge IRS crypto tax rules
  
  Jan 01, 1970 at 08:00 am Optimisus
  
  Senator Ted Cruz, alongside other Republican lawmakers, is challenging new IRS crypto tax regulations using the Congressional Review Act. The rule, which requires crypto brokers to extensively report digital asset income, is met with criticism from the crypto community for misinterpreting the term "broker" and disregarding blockchain's decentralized nature.
- South Korea’s Democratic Party agrees to delay crypto tax by 2 years
  
  Jan 01, 1970 at 08:00 am Cointelegraph
  
  Amidst ongoing discussions, South Korea's Democratic Party (KDP) has resolved to postpone the implementation of a digital asset capital gains tax by two years. Initially scheduled for January 2023, the tax will now be enforced in 2027, granting a two-year grace period as a compromise between the KDP's proposed four-year deferral and the ruling People's Power Party's three-year proposal.
- Russia’s Federation Council Approves New Crypto Tax Bill As Bitcoin Sets New All-Time High Against The Ruble
  
  Jan 01, 1970 at 08:00 am InsideBitcoin News
  
  The Russian Federation Council has approved a new tax law on cryptocurrency transactions, which will impose a 13%-15% personal income tax on all digital currency transactions and exempt Russian crypto miners from value-added tax (VAT) on mined coins. The bill still requires President Vladimir Putin's signature to become law but will take effect upon official publication.
- Dogecoin Foundation Challenges Trump’s Crypto Tax Preferences
  
  Jan 01, 1970 at 08:00 am Crypto News Flash
  
  The Dogecoin Foundation has expressed concerns regarding a potential policy proposal that would exempt US-based cryptocurrencies from capital gains taxes. While the proposal aims to attract investments into the crypto market, the Foundation argues that it may favor specific crypto projects based on the government's preferences, creating an environment of "crony capitalism." The policy, if implemented, could significantly benefit US-based crypto projects like Cardano, Solana, and Constellation, leading to a potential shift in investment strategies and a new era for crypto in the US.
- Public Input Sought for Australia’s OECD Crypto Tax Plan
  
  Jan 01, 1970 at 08:00 am Todayq News
  
  Australia is exploring the implementation of the OECD's Crypto-Asset Reporting Framework (CARF) to address the increasing popularity of cryptocurrencies. The consultation paper invites public feedback on the potential impact of CARF on the domestic tax regime and seeks to establish regulations and impose taxes on digital assets.