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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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Latest Crypto Tax News
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Illinois has approved a new 0.2% tax on crypto transactions that state officials estimate could generate up to $60 million annually, prompting public criticism from Strategy co-founder Michael Saylor and several industry groups. In a June 17 X post, Saylor…
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Japan's lower house moved to reclassify crypto and cut tax from 55% to 20%. What it actually did, what it did not, and why the change matters beyond Japan.
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Gov. JB Pritzker signs 0.2% digital asset tax into Illinois’ $55.9B budget, drawing industry warnings over users, brokers, and remote firms.
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India issued 44,000 VDA tax notices and found $104M in hidden crypto income as stricter reporting rules tighten investor filings.
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Coinbase has urged U.S. lawmakers to remove capital gains tax requirements on stablecoin payments and exempt small crypto transactions from burdensome reporting rules. According to testimony delivered by Coinbase vice president of tax Lawrence Zlatkin before the House Ways and…
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Trump adviser Patrick Witt has backed six House crypto tax bills as lawmakers seek to clarify rules for staking, mining, and digital asset transactions. According to statements posted on X, White House crypto adviser Patrick Witt praised the House Ways…
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U.S. lawmakers have reopened debate on digital asset taxation through seven separate crypto tax proposals while Senate negotiators continue work on the CLARITY Act ahead of a possible floor vote before August. According to the House Ways and Means Committee,…
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Strive Asset Management has backed efforts to remove capital gains taxes on Bitcoin transactions in the U.S., as its CEO says the firm is actively working with policymakers while lawmakers prepare to review digital asset tax rules. According to Matthew…
BTC
Bitcoin
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Greece has prepared plans for a 15% cryptocurrency capital gains tax as officials move to bring digital assets into the country’s tax system. According to a report, Greece’s Finance Ministry is drafting legislation that would impose a 15% tax on…
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According to a fiscal year 2027 budget bill passed by the Illinois General Assembly, the state is moving forward with a new tax on cryptocurrency transactions that would apply to digital asset brokers operating in Illinois. Included within the state’s…
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Brad Sherman has criticized proposals to distribute government payments through stablecoins, warning during a congressional hearing that such a system could support tax evasion while lawmakers simultaneously advance several new crypto tax proposals. According to remarks delivered during a House…
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The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts that would introduce new rules for decentralized finance lending, stablecoin payments, staking rewards, and other digital asset transactions ahead of a June 9 congressional hearing. According…
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Israeli tax authorities have received far fewer crypto tax corrections than expected under a voluntary disclosure program that offers criminal immunity to eligible taxpayers. According to a Wednesday report by Globes, the Israel Tax Authority had expected the program to…
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David Schwartz says newly minted XRP staking rewards should not face tax before sale, reviving debate over IRS rules and XRPL design debate.
XRP
XRP
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Germany’s Finance Committee has rejected a proposal from the Green Party to scrap the country’s tax exemption for cryptocurrencies held longer than one year. According to the committee discussions, lawmakers from multiple parties opposed the measure for different reasons, leaving…
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South Korea’s planned cryptocurrency tax has come under renewed political scrutiny after a public petition seeking its repeal cleared the signature threshold required for legislative review. According to South Korea’s National Assembly petition system, the motion surpassed 50,000 signatures at…
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