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Regulation compliance key to India’s crypto future — Bitget COO

[Dec 6, 2024 10:22 AM] As crypto exchanges face regulatory challenges globally, Bitget chief operating officer Vugar Usi Zade emphasized compliance and innovation for sustainable growth.

Crypto-staking Jarretts again sue IRS over block reward taxes

[Oct 11, 2024 5:43 AM] A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid. 

Greek gov't to impose crypto taxes starting 2025

[Jul 18, 2024 6:58 AM] Currently gains on crypto profits are going untaxed and unrecognized by the Greek government - but not for long as regulators are seeking new taxes on the industry early next year.

Argentina Defines Rules for Normalization of Previously Undeclared Assets, Including Cryptocurrency

[Jul 16, 2024 3:53 PM] Argentina has recently released the rules that will govern the previously approved legislative package affecting the inclusion of cryptocurrency and other undeclared assets in the country’s tax system. The benefits will only be available to…

Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion

[Jun 15, 2024 10:03 PM] Malaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from cryptocurrency…

Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax

[Jun 6, 2024 8:28 AM] Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited”…

South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion

[Mar 13, 2024 1:30 AM] The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had…

IRS Revises Digital Asset Question on Tax Forms

[Jan 24, 2024 8:30 PM] The Internal Revenue Service (IRS) has revised the question about digital assets included on income tax forms. Moreover, the tax authority has added the question to four additional tax forms. “The question must be answered by all taxpayers…

Crypto Exchange Wants to See India Lower Tax on Trading

[Oct 30, 2023 2:30 AM] Indian government should lower a tax on crypto transactions as it’s not fulfilling its stated purpose, a local cryptocurrency exchange said. The company blames the levy, which was introduced last year, for driving Indian crypto trading volumes to…

Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System

[Jul 31, 2023 3:30 AM] An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and…

Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says

[Feb 13, 2023 5:00 AM] Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various…

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

[Nov 21, 2022 12:30 AM] A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the…