PANews reported on December 24 that according to The Block, the United States, the United Kingdom and the European Union are strengthening tax supervision on cryptocurrencies, which has an important impact on investors. In the United States, cryptocurrencies are regarded as digital assets, and capital gains tax is required for sale or trading, and the tax rate depends on the holding period and income level; miners and pledge income are subject to income tax, and exchanges are required to report user data from 2025. In the United Kingdom, capital gains tax is required for the sale or exchange of crypto assets, with a tax rate of up to 24%, and a tax exemption of £3,000 per year; mining income and crypto salary income are subject to income tax and national insurance. In the European Union, tax rates vary from country to country. For example, Germany is tax-free for holding for more than one year, while Spain has a tax rate of up to 28%; the MiCA regulations that will take effect in 2025 will unify some rules and enhance tax transparency.
Cryptocurrency tax regulation in the US, UK and Europe has been upgraded: Investors need to be aware of key tax rates and compliance requirements
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Important information from last night and this morning (December 24-December 25)
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