Vietnam Plans Tax Breaks, Land Fee Cuts for Virus-Hit Firms. Cryptocurrency tax question : JapanFinance Midway through 2020, there was a glimmer of hope for an officially shunned activity. Gate.io - Best Crypto Exchange for Coin Selection 3. As already mentioned, Vietnam's tax system is a bit different from those of many other countries. More than 41 percent of people living in Vietnam are owners of various types of cryptocurrencies. As world governments push through legislation to levy taxes on capital gains from bitcoin transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets at zero taxes, Bitcoin.com reported.Circumstances vary, but the real motivation leans more toward . UAE. At the same time, South Korea is introducing new crypto regulations and measures. For example, Alpha Capital has set up a company in Singapore as an investment holding vehicle and employed the same to invest in a Vietnamese startup. Since most assets in Axie Infinity are tokenized, even seemingly non-transactional actions like using potions or breeding new . Regarded as a virtual currency, cryptocurrencies are subject to corporate and personal income tax. Run by a long time Vietnamese Bitcoin company. However, there is currently lacking of a full legal framework to recognize the cryptocurrency whether as an asset or goods and thus can be traded under Vietnam regulations. It's worth taking a look. RK Gupta wants India to learn this from Vietnam and he wants to reduce the Crypto tax. On March 30, 2021, Vietnam's Ministry of Finance established a research group, which has begun an in-depth study of cryptocurrencies, with a view to achieving legislative reform for the industry in the country. After that, Indonesia comes in pretty close with more than 30% of Indonesians happening to be crypto owners. Pros. To supplement the rising demand for crypto games, game studios in Vietnam have become more active in the crypto space in recent months. Announcements. Minh-Ngoc Nguyen. Vietnamese authorities are still considering their approach to regulating the cryptocurrency. Email address: Vietnam, India top measure of Crypto adoption by individuals

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