With BTC prices hitting a new all-time high, El Salvador’s crypto treasury is around $85 million in profit. The country has also changed its tax system to attract more foreign investment.

The Spanish Treasury is preparing a tax reform that will allow digital assets to be used as payment towards debts to the central administration.

The 1% TDS on digital asset transactions has provoked “an exodus of users, funds and trades to offshore platforms,” according to a study by Esya Centre.

A new tax law in the European Union outlines a cross-border database for crypto-asset transactions that will make it easier for governments to crack down on criminal activity.

A new report by Coincub highlights the best and worst countries in which to hold cryptocurrencies, highlighting a new age of national taxation where competition and innovation align.

British Prime Minister Liz Truss resigned after her questionable and already reversed economic plan sent the pound plunging and put her government into chaos.