Recently proposed legislation by the U.S. Senate, the Lummis-Gillibrand Responsible Financial Innovation Act, includes important tax relief measures for the cryptocurrency industry.
The UK Government has announced a public consultation regarding the possible expansion of the UK’s investment manager exemption to encompass crypto-assets.
The European Commission is considering options to tackle the inefficiencies and the tax abuse risks in the withholding tax reclaim systems operated by individual EU Member States.