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Ukraine claims $81m tax gap from unregulated crypto exchanges

Ukrainian authorities allege crypto exchange s have evaded over $81 million in contributions to the national budget over the past ten years. A tweet from Aug. 2 highlighted that non-affiliated crypto exchanges were accountable for a tax deficit of at least 3 billion hryvnia, approximately equivalent to $81 million. The amount covers the period from 2013 to 2023. Бюджет втратив 3 млрд грн податків від діяльності криптобірж Деталі https://t.co/9ZyXZjsLOl pic.twitter.com/mXz2fPpPf9 — Economic Security Bureau of Ukraine (@ESBU_gov_ua) August 2, 2023 In an Aug. 2 announcement, the Economic Security Bureau of Ukraine shared the results of an Analysis of trading activities on exchange s established by Ukrainian residents. The government authorities state that Ukranian exchanges would have participated in about $55 billion worth of trading across digital assets from 2013-2023. Considering that each exchange in the country determines its trading fee for transactions, which may b...

Ripple executive discusses taxes, Dogecoin, Pomerdoge gain on weekly charts

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Ripple executives and XRP holders are discussing tax implications for using the coin in cross-currency payments. Meanwhile, Dogecoin (DOGE) and Pomerdoge (POMD) posted gains on the weekly chart s. On the other hand, analysts continue to debate about high-value altcoins in 2023. Dogecoin gains on the weekly chart Dogecoin is up 6.6% in the last week of trading, rising 18.1% in the previous month.  As of July 31, 2023, DOGE traded at $0.079620 with a market cap of $11.17 billion and a 24-hour trading volume of $391.62 million, a 21.94% increase. You might also like: Shiba Inu and Pepe coin holders exiting for Pomerdoge Rising trading volumes suggest that DOGE may grow in the days ahead, a reason why more investors are placing bullish bets on the coin.  Some predict DOGE may hit $0.10 by year-end. XRP price movement Fredo Ayala, who works with accounting and finance, started a conversation on Twitter.  He said taxes would only affect customers if they set...