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Crypto Tax News
As governments refine regulations, crypto taxation remains a crucial topic for traders and investors. Crypto tax news provides updates on reporting requirements, tax loopholes, and compliance strategies. Understanding evolving tax laws can help users avoid penalties and optimize their crypto earnings legally.
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The U.S. Senate has voted 70-27 to overturn an Internal Revenue Service rule that would have imposed new reporting requirements on decentralized finance brokers. As reported by Business Insider, the motion presented by Senator Ted Cruz, was approved under the…
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Recent speculation on X suggests that President Donald Trump may propose eliminating capital gains taxes on cryptocurrency sales. Rumors circulating online indicate that an announcement could come as soon as Friday, though no official confirmation has been provided. While the…
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Two Colombian regulators have proposed another bill that would serve to regulate crypto. The bill consists of 16 provisions, including a VASP licensing system for crypto firms. According to local media outlet El Colombiano, the bill aims to establish a…
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Ukraine’s crypto tax debate continues as officials consider a lower 5-10% rate while others push for standard income taxes of up to 23%. Ukraine is moving toward legalizing the crypto market, with officials considering a 5-10% tax on crypto income…
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Ross Ulbricht, the infamous Silk Road creator, called for Roger Ver's release from detention over alleged Bitcoin tax fraud.
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Nigeria is preparing to tax cryptocurrency transactions as part of broader efforts to boost government revenue, according to the country’s Securities and Exchange Commission. A bill outlining the tax framework is under review and is expected to pass this quarter,…
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The Czech Republic has passed legislation exempting Bitcoin and other digital assets from capital gains tax if held for more than three years. President Petr Pavel signed the law, according to BTC Prague, aligning the country’s crypto taxation with traditional…
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A city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging to tax evaders. According to South Korean media outlet Energy Kyungjae, the city of Gwacheon has announced that…
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President Donald Trump has decided to pause a proposed 25% tariffs on goods entering the United States from Mexico for one month following an agreement with Mexican President Claudia Sheinbaum. The decision comes after Sheinbaum committed to deploying 10,000 National…
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Japan’s Prime Minister Shigeru Ishiba says the development of crypto assets and web3 is ‘extremely important’ for solving the nation’s problems. According to Japanese media outlet Iolite, Finance Minister Katsunobu Kato has vowed to finalize Japan’s crypto tax rate by…
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Senator Ted Cruz of Texas is preparing to challenge a newly finalized IRS cryptocurrency regulation using the Congressional Review Act The rule requires decentralized cryptocurrency exchanges to collect customer information, including names and addresses, and issue tax forms to users.…
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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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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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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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