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DeFi proponents to fight US IRS tax code
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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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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,…
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