Crypto Tax News

Unmasking the tensions between crypto traders, wealthy tax evaders, and the imminent financial crisis, U.S. President Joe Biden takes a firm stance against biased fiscal deals.

MetaMask, a popular Ethereum native non-custodial wallet, has updated its terms of use and now has the right to “withhold taxes where required”

Glassnode has revealed some effective strategies that could enable crypto investors to minimize their tax liability, including relocation, self-directed Individual Retirement Accounts (IRAs), and tax loss harvesting.

The president of the United States, Joe Biden, recently claimed that the government is losing $18 billion due to cryptocurrency tax loopholes. 

The crypto scene witnessed another round of regulatory affairs this week in addition to more hacks and rug-pulls amid the prevalent PEPE and meme coin buzz

Robert Kennedy Jr. has spoken out against President Biden's proposed 30% tax on cryptocurrency mining

El Salvador President, Nayib Bukele, said he intends to eliminate all taxes on technological advances, including income, property, capital gains taxes, and import duties. He added that he would send legislation to Congress the following week. Aiding innovation undoubtedly offers…

Non-custodial crypto wallet Trust Wallet has partnered with Coinpanda, Koinly, and Cointracker to offer users a crypto tax reporting feature

Coinbase CEO Brian Armstrong has lauded U.S. lawmakers’ decision to revive a bill seeking to clarify crypto tax reporting.

U.S. President Joe Biden's proposed budget will be released on March 9, including a stipulation to tax loss loopholes on crypto transactions. 

Former customers of collapsed crypto companies such as Celsius Network and Voyager Digital reportedly face the possibility of paying income tax on funds still held by the bankrupt entities.

Banco do Brasil, the oldest bank in Brazil, is creating a tax payment solution for citizens holding digital assets in Bitfy.

The Internal Revenue Service {IRS} recently published a list of reporting obligations for the general public regarding cryptos.

Three Republican senators, Justine Wadsack, Wendy Rogers, and Sonny Borrelli, suggest that Arizona residents have a say in the ongoing propositions and deliberations of crypto tax exemption.

CoinTracker has announced a partnership with By The Book Accountancy to help UK crypto investors navigate the complexities of tax filing as the regulatory landscape continues to evolve.

India’s local crypto institutions have collectively demanded tax reliefs on crypto investments as investors flocked to foreign exchanges following the unfavorable tax policies imposed on digital asset investments. The local industry is calling on authorities to reduce the TDS rate…