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Crypto Tax News
Latest Crypto Tax News
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News
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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News
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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News
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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News
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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News
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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News
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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News
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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Feature
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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News
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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News
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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News
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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Feature
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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News
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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News
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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News
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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News
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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News
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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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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News
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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News
The Democratic Party of Korea has confirmed its intention to introduce a 20% cryptocurrency taxation starting in Jan. 2025.
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News
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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News
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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News
Detroit is set to become the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting mid-2025, residents can use crypto to make payments through a platform managed by PayPal, Detroit officials announced today. This initiative aligns with...
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News
A recent research report by Coincub and Blockpit highlights how varying tax policies, from zero taxes in the UAE to high rates in the U.S., shape crypto investment strategies. The crypto taxation landscape varies widely across the globe, as revealed...
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News
Hong Kong regulators are considering an extension on tax breaks to include digital assets like crypto and the use of artificial intelligence-technology in finance sectors. According to an Oct. 28 Bloomberg report, Hong Kong’s Secretary for Financial Services and the...
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News
Japan’s Democratic Party for the People leader, Yuichiro Tamaki, promises to cut crypto tax to 20% along with a number of other crypto-related policies if the party gets elected. In an X post on Oct. 21, Japanese politician and Democratic...
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News
Italy is considering raising its capital gains tax on crypto to 42% as part of efforts to reduce the fiscal deficit. Bitcoin (BTC) holders could soon face nearly two-fold tax increase in Italy, as the government plans to raise the...
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News
Japan’s Financial Services Agency is set to review its crypto regulations, potentially leading to lower taxes and allowing domestic funds to invest in tokens. Japan is preparing to review its cryptocurrency regulations, which could result in lower taxes and allow...
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News
Vice President Cevdet Yilmaz confirmed that Turkey will not implement a tax on profits from crypto or stock trading this year. The government previously considered such a tax but has focused on reducing existing tax exemptions, according to Bloomberg reporting....
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News
Swan Bitcoin is partnering with Equity Trust Company to offer enhanced Bitcoin Individual Retirement Accounts. Clients can now seamlessly manage Bitcoin (BTC) within their retirement portfolios, with new account types such as Solo 401(k)s, Roth Solo 401(k)s, SEP IRAs, and...
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Feature
Recent rumors swirling on X accused presidential candidate Kamala Harris of endorsing President Biden’s 2025 proposal for a 25% tax that includes unrealized capital gains. What’s the truth behind the headlines and what caused the confusion? Earlier this week, on...
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News
Ukrainian financial detectives have charged a local blogger with $5 million in tax evasion through crypto transactions linked to online affiliate marketing. The Economic Security Bureau of Ukraine has charged a prominent local blogger with evading more than $5 million...