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HMRC to Require Crypto User IDs for Tax Starting 2026

[Jul 9 9:30 PM] The United Kingdom’s tax authority will implement new regulations starting January 1, 2026, requiring crypto asset users to provide tax identification numbers and other personal information to service providers. Streamlining Tax Assessments…

US Senator Pushes Crypto Tax Bill With $300 De Minimis Threshold

[Jul 4 1:20 AM] A sweeping crypto tax overhaul promises to unlock everyday digital asset use by slashing compliance burdens, exempting small transactions, and aligning crypto with traditional finance rules. De Minimis Rule Aims to Eliminate Tax Headaches for Small…

Crypto Tax Crackdown Looms as IRS Warning Letters Surge

[Jun 26 9:30 AM] The Internal Revenue Service (IRS) has significantly increased the number of warning letters sent to crypto investors, causing anxiety among users. This uptick is seen as a precursor to a broader enforcement initiative, especially with new 1099-DA…

Slovenia Proposes 25% Crypto Tax That Could Redefine EU Markets

[Apr 19 6:30 AM] Slovenia has proposed a 25% tax on crypto profits and derivatives, signaling a seismic shift toward uniform digital asset regulation. Slovenia Targets Crypto Profits With Brutal 25% Tax Slovenia’s Ministry of Finance released a draft bill Thursday…

Kenya Collects Over $77M in Taxes From 384 Crypto Traders

[Nov 6, 2024 10:30 PM] The Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto Taxes The Kenyan government collected $77.5 million (10 billion shillings) in taxes from…

IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns

[Nov 2, 2024 1:30 AM] Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service…