BlockPress

BlockPress

Is crypto still taxed in Australia? Major legal update explained

Australia’s tax office (ATO) has implemented significant changes to its cryptocurrency taxation policy, classifying crypto assets as “property” for tax purposes. This reclassification has broad implications for Australian cryptocurrency users, impacting various aspects of crypto trading and investment. Previously, the…

Bitget secures Georgia license as part of Europe expansion

Bitget, a prominent cryptocurrency exchange, has strategically chosen Georgia as its next expansion point within Eastern Europe. This decision underscores Georgia’s increasingly attractive landscape for cryptocurrency businesses, driven by a combination of favorable regulatory frameworks, enticing tax incentives, and a…

South Korea to investigate fees of local crypto exchanges

South Korea’s newly elected President Lee Jae-myung’s commitment to reducing cryptocurrency trading transaction costs represents a significant policy shift with potential ramifications for the nation’s burgeoning digital asset market. This pledge, made during his presidential campaign, signals a potential easing…