Crypto Tax News
Latest Crypto Tax News
News
Kraken submitted 56 million crypto tax forms for 2025, most reporting gains under $50, and is now calling on Congress to overhaul what it calls an unworkable reporting threshold. Kraken filed 56 million crypto tax forms with the IRS for…
News
Uzbekistan launched a supervised crypto mining zone in Karakalpakstan with tax breaks and rules requiring proceeds in local banks.
News
IRS 1099-DA crypto reporting requirements take effect for the first time on Tax Day 2026, requiring every American who sold or traded digital assets in 2025 to account for those transactions, while Treasury reports 53 million filers already claimed new…
News
Bitcoin tax season is reaching its final 48 hours, with the April 15 IRS filing deadline arriving Wednesday and analysts estimating up to $2.8 billion in crypto-related selling pressure entering a market already dealing with Iran war uncertainty, CME futures…
News
Some South Korean lawmakers are pushing back against the ruling party’s plan to levy a 22% tax on cryptocurrencies. A bill introduced by the right-wing People Power Party on Thursday seeks to amend the Income Tax Act and fully abolish…
News
A Coinbase user’s attempt to block an IRS summons for his financial records was blocked by a California court. According to information from PACER, Roger Metz filed a petition in the Northern District of California in May last year to…
News
The Blockchain Association has proposed a set of crypto tax reforms after meeting with House Ways and Means Committee offices on Capitol Hill. “There is real bipartisan opportunity to modernize digital asset tax policy in 2026. We look forward to…
Markets
Nigeria has started tracking cryptocurrency transactions and linking them to individuals as part of the Nigeria Tax Administration Act 2025. By introducing this system, the Nigerian government has aligned itself with the new Organization for Economic Co-operation and Development’s Crypto-Asset…
News
Digital asset infrastructure provider Fireblocks has acquired crypto accounting platform TRES to integrate its tax compliance infrastructure and enhance support for institutional clients managing digital assets. According to a Jan. 7 X post from Fireblocks, the $130 million acquisition allows…
News
Many crypto industry proponents have criticized a proposed 5% tax on California billionaires, saying it would push wealth out of the state while doing little to fix the problems in the healthcare system it is designed to fund. Introduced by…
News
18 bipartisan U.S. House lawmakers have urged the Internal Revenue Service to reexamine the country’s taxation laws on cryptocurrency staking. Led by Republican Representative Mike Carey, the group has sent a letter to IRS acting Commissioner Scott Bessent, requesting a…
Opinion
Slowly and surely, the tokenization of global financial markets is happening, and the regulatory and taxation frameworks are developing alongside.
News
Crypto users can trim tax bills by deducting eligible fees, tools, and operating costs, strategically harvesting losses, and using long-term holds and donations to reduce taxable gains, subject to jurisdiction rules and documentation requirements. Cryptocurrency users face tax obligations on…
News
Regulators in Japan are planning to classify cryptocurrencies as “financial products” under the Financial Instruments and Exchange Act and introduce a tax overhaul for the sector. Per local media, Japan’s Financial Services Agency wants to reclassify 105 cryptocurrencies under the…
Opinion
India’s crypto investors have reason to feel aggrieved, and unless the taxman rethinks his approach, the country risks taxing away its potential.
News
Swedish lawmaker Rickard Nordin has filed a motion to the Finance Committee suggesting a tax exemption on the use of Bitcoin for every day transactions. A member of the Swedish parliament recently proposed the exemption of Bitcoin from the country’s…