By entering the AI sector, mining companies can not only achieve business diversification but also enhance their ability to withstand the cyclicality of the cryptocurrency market.

TaxDAO will closely monitor the latest developments of the bill and conduct in-depth analysis on the information risks and tax treatment requirements it poses for cryptocurrency practitioners.

The distribution of dividends from US ETFs to residents and enterprises in mainland China is subject to a withholding tax of 10%. Chinese enterprises and individuals are required to pay income tax to the Chinese government. Redemption of ETFs does not generate a taxable event.

The OECD released the "International Standard for Automatic Exchange of Tax Information: Crypto-Asset Reporting Framework and the 2023 Revision of the Common Reporting Standard," which was selected as one of the top ten global tax developments.

Brazilian citizens, in addition to paying taxes on domestic cryptocurrency transactions, are also required to pay up to 15% tax on cryptocurrency income held in foreign exchanges.

Under the framework of U.S. tax law, Bitcoin ETFs involve multiple types of taxes, including income tax and capital gains tax.

For cryptocurrency investors in mainland China, understanding and complying with relevant regulations is crucial for tax compliance.