BTC $62,940.18 -0.01%
ETH $1,878.36 +0.05%
BNB $606.12 -0.80%
XRP $0.9987 -0.33%
SOL $75.16 -0.07%
TRX $0.3311 -0.06%
DOGE $0.0696 -0.39%
ADA $0.1758 -1.68%
BCH $203.57 -0.71%
LINK $9.40 +0.72%
HYPE $57.44 +2.60%
AAVE $85.76 -1.51%
SUI $0.6763 -1.04%
XLM $0.1568 -0.93%
ZEC $485.38 -0.71%
BTC $62,940.18 -0.01%
ETH $1,878.36 +0.05%
BNB $606.12 -0.80%
XRP $0.9987 -0.33%
SOL $75.16 -0.07%
TRX $0.3311 -0.06%
DOGE $0.0696 -0.39%
ADA $0.1758 -1.68%
BCH $203.57 -0.71%
LINK $9.40 +0.72%
HYPE $57.44 +2.60%
AAVE $85.76 -1.51%
SUI $0.6763 -1.04%
XLM $0.1568 -0.93%
ZEC $485.38 -0.71%

inco

All
Article
Flash

Nigeria issues guidelines for virtual asset taxation, requiring the declaration of income from mining, staking, and airdrops

According to The Nation Online, the Nigerian Tax Authority has released the "Virtual Asset Taxation Guidelines," officially incorporating cryptocurrencies, stablecoins, NFTs, and other blockchain digital assets into the country's tax system. The guidelines were published on July 31 and provide the first detailed framework for taxing the income from assets such as cryptocurrencies, stablecoins, governance tokens, and NFTs.The guidelines stipulate that income generated from the disposal, exchange, or transfer of virtual assets must be taxed according to Nigerian tax law, and income from blockchain activities such as mining, staking, validating, airdrops, and token rewards is also subject to taxation. Virtual assets must be valued at the market price of exchange platforms recognized by the tax authority. Individuals and businesses must maintain complete transaction records, and virtual asset service providers must register for taxation and report large or suspicious transactions. The SEC continues to regulate securities-type virtual assets, while the tax authority is responsible for tax management. The guidelines do not set a separate tax rate for cryptocurrencies but apply existing tax law provisions. The guidelines follow President Bola Tinubu's executive order on establishing a coordinated regulatory framework for virtual assets.

Core Scientific Q2 resumes increasing BTC holdings, Japanese listed companies incorporate HYPE into strategic treasury

According to BBX data, the listed entities in the global capital markets (NASDAQ and Japanese stocks) disclosed the latest developments in digital asset investment and treasury expansion yesterday and in recent days. The core information is as follows:Core Scientific (NASDAQ: $CORZ) resumes accumulation in Q2, increasing holdings to 848 BTC: The latest financial report from NASDAQ-listed mining company Core Scientific shows that its Bitcoin holdings have increased from 547 to 848 BTC, with a net addition of 301 BTC. Previously, the company had sold a large amount of Bitcoin to facilitate its transformation towards the AI and high-performance computing (HPC) industries, but it reestablished its accumulation strategy in Q2. The financial report indicates that its Q2 revenue surged to $164.2 million (over 100% year-on-year growth), and gross profit skyrocketed to $70 million. At the same time, the company decisively terminated its BTC mining chip procurement contract with Block (under Jack Dorsey) at a cost of $41.9 million in losses.Tokyo Stock Exchange-listed company Iole announces allocation of HYPE as a strategic asset: Iole, listed on the Tokyo Stock Exchange's startup board, officially announced that in addition to Bitcoin, it has formally established HYPE as a strategic treasury asset for the company. The company plans to gradually increase its total HYPE purchase plan to 100 million yen (approximately $610,000) by the end of August. Currently, the company completed its first batch of purchases worth approximately 10 million yen on July 28, holding about 1,078.25 HYPE.gumi and SB I launch a 3 billion yen cryptocurrency investment fund: Japanese listed gaming company gumi announced that its subsidiary gC Labs, in collaboration with SB I Financial Services, will officially operate the cryptocurrency investment fund "SB I Crypto Fund I" starting August 1. The total scale of the fund is approximately 3 billion yen (about $18.32 million), and it has received funding from leading institutions such as Daiwa Securities Group, with its investment targets strictly focusing on Bitcoin (BTC) listed on exchanges and major high-liquidity altcoins.HeartSciences advances merger with DCG's mining company: NASDAQ-listed company HeartSciences (NASDAQ: $HSCS) announced that it has formally submitted a preliminary proxy statement to the U.S. Securities and Exchange Commission (SEC) regarding the previously announced proposed business merger plan with Fortitude Mining Holdings (a wholly-owned subsidiary of DCG), accelerating the process of going public in the mainstream capital market.
app_icon
ChainCatcher Building the Web3 world with innovations.