BUDGET
Illinois Crypto Tax in FY2027 Budget Awaits Governor's Approval
Illinois' FY2027 budget includes a 0.2% crypto tax, potentially generating $60M annually, but faces criticism from industry groups.
White House Expects to Raise over $10b in Revenue under New Crypto Tax Rules
The White House would bring in significantly more revenue over the next decade if the Biden Administration’s budget plan approved to ramp up the national budget.
Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain
Financial Secretary of Hong Kong, Paul Chan been under intense pressure from lawmakers to dip into the government’s fiscal reserves to help the city get out of an economic slump. After months of anti-government protests and the emergence of the coronavirus epidemic, Hong Kong residents aged over 18 will receive a cash handout of HK$10,000. The budget also highlighted the forecast of an all-time high deficit of HK$139 billion for the coming fiscal year.
