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#transaction-tax News & Analysis

2 articles tagged with #transaction-tax. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.

2 articles
CryptoBearishCrypto Briefing · Jun 187/10
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Illinois becomes first US state to tax digital asset transactions with new 0.2% levy

Illinois has become the first US state to implement a 0.2% tax on digital asset transactions, a landmark regulatory move that could influence crypto policy nationwide. Industry observers warn the levy may incentivize cryptocurrency businesses to relocate, potentially undermining Illinois' competitiveness in the growing digital asset sector.

Illinois becomes first US state to tax digital asset transactions with new 0.2% levy
CryptoBearishCrypto Briefing · May 317/10
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European Union proposes 0.1% tax on crypto trading to raise €3-4B annually

The European Union is proposing a 0.1% tax on cryptocurrency trading designed to generate €3-4 billion annually. However, the tax risks accelerating migration of trading activity to decentralized platforms, which would undermine enforcement efforts and potentially reduce liquidity in regulated EU markets.

European Union proposes 0.1% tax on crypto trading to raise €3-4B annually