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Crypto Tax News
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Latest Crypto Tax News
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A Satoshi-era Bitcoin buyer must surrender crypto keys to his $124 million stash, a Texas court ruled following a landmark conviction last year.
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Bitcoin
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The Russian government has approved a bill regulating the taxation of crypto transactions. What will now change in the country’s tax base? The Russian government has passed a bill regulating cryptocurrency taxation. Prepared by the Ministry of Finance, the bill…
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Bitcoin
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The U.S. Internal Revenue Service said DeFi brokers should comply with long-standing securities rules, disagreeing with industry sentiment arguing for different laws for digital assets.
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A report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared to last year’s crypto mining tax collection. According to a budget document released by the Kyrgyzstan Ministry of…
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Hawala networks and crypto transactions have emerged as part of a complex money laundering plot that the income tax authorities in Jaipur have uncovered.
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Cryptocurrencies are becoming increasingly integrated into the modern financial reality, and like any other asset, they are subject to taxes. As a relatively new and rapidly growing asset class, cryptocurrencies attract increasing interest from investors and governments. As the global…
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Russia's Gov't has published a draft resolution on banning or providing restrictions on mining locally. The ban will take effect on Jan. 1, 2025, and run until Mar. 15, 2031.
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Bitcoin
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The Hong Kong government declared to the OECD Global Forum that its regulators plan to implement a crypto asset reporting framework to combat cross-border tax evasion. Regulators plan to complete the necessary legislative amendments before 2026. In the Organization for…
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Ukraine is moving closer to legalizing cryptocurrency, with a new bill expected to be finalized by the first quarter of 2025. Danylo Hetmantsev, head of the Ukrainian Parliament’s Committee on Finance, Tax, and Customs Policy, confirmed that the draft law…
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The Czech Republic Parliament reportedly passed a law that would exempt Bitcoin held for more than three years from capital tax gains, placing it on the same level as stocks. According to a video by Braiins mining’s Chief of Propaganda,…
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Bitcoin
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South Korean regulators agree to postpone the 20% crypto tax for two years, after rejecting the Democratic Party’s proposal to raise the annual tax threshold from 2.5 million won to 50 million won. According to local media outlet Money Today,…
Opinion
In the new days of Tulip Mania for Bitcoin, cryptocurrency investors will be subject to worldwide US taxation on their digital assets.
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Bitcoin
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Australia, with the world’s most significant number of crypto ATMs, seeks advice from an international organization on implementing crypto taxation. The Organization of Economic Cooperations and Development (OECD), which has invented taxation on digital assets framework, was asked by the…
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The Democratic Party of Korea has confirmed its intention to introduce a 20% cryptocurrency taxation starting in Jan. 2025.
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Japan Prime Minister Shigeru Ishiba promises to include discussions of tax cut proposals from the opposition party in his economic stimulus package, involving tax cuts for gasoline and crypto assets. According to a Bloomberg report published on Nov. 20, Ishiba…
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Italy’s government is considering lowering its proposed tax hike on crypto trades, reducing the planned rate increase from 42% to 28%. This shift comes as Prime Minister Giorgia Meloni’s coalition appears inclined to amend the tax proposal, which was initially…
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