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EU Formally Agrees on New Crypto Tax Data Sharing Rules

[Oct 17, 2023 10:52 AM] The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.

Taiwanese Crypto Trader's 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery

[Oct 5, 2023 10:20 AM] Sometimes, being tax-compliant pays off.

Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus

[Oct 2, 2023 12:00 AM] Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year…

South Koreans Report Over $98 Billion in Overseas Crypto Assets

[Sep 21, 2023 2:30 AM] South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a…

South Koreans Hold $99B of Digital Assets Overseas: Tax Service

[Sep 20, 2023 7:18 AM] The crypto held in overseas accounts for about 70% of all assets held outside the country.

Why Wealth Managers Are Choosing These Crypto Accounts

[Sep 6, 2023 9:45 AM] Separately managed accounts have seen explosive growth in TradFi, and there are benefits in crypto, too.

Sweeping U.S. Tax Proposal Met With Boos From Crypto World

[Aug 25, 2023 9:23 AM] An immediate burst of criticism from the crypto industry shows the U.S. Treasury Department’s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings.

A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?

[Aug 7, 2023 10:29 AM] Crypto investors and their brokerages are waiting for a U.S. tax rule that will completely overhaul how they report their cryptocurrency taxes, but the government isn’t offering any straight answers about its holdup even as prominent lawmakers…

Crypto staking rewards are taxable once received: IRS

[Jul 31, 2023 9:57 PM] The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain "dominion" over the tokens.

IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

[Jul 31, 2023 3:53 PM] A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue…

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…

U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance

[Jul 12, 2023 2:50 AM] The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets.

Slovakia to Lower Tax on Income From Crypto Holdings

[Jun 30, 2023 4:30 PM] Lawmakers in Slovakia have adopted legislation that will reduce the tax burden for cryptocurrency holders in the country. Income derived from long-term investments in digital assets will also be relieved from healthcare taxes, the parliamentarians…

Slovakian Crypto Tax-Cutting Bill Passes National Parliament

[Jun 29, 2023 6:18 AM] Lawmakers wanted to see a 7% rate for crypto held longer than a year

Japanese Crypto Issuers Won't Pay Taxes on Unrealized Gains, Govt. Clarifies

[Jun 26, 2023 3:57 AM] Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.

Crypto Companies in Japan Get Tax Relief Under Revised Rules

[Jun 26, 2023 2:30 AM] The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the…

Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways

[May 28, 2023 8:00 PM] India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they'll survive the current bear market – here’s how.

Tax Authority Slated to Become Main Crypto Regulator in Russia

[May 17, 2023 4:25 AM] Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service…

Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says

[May 14, 2023 2:00 AM] Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border…

EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows

[May 12, 2023 6:32 AM] Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens.

New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members

[May 10, 2023 7:04 AM] Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week.

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

[May 5, 2023 5:30 PM] The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy…

Kenya considers tax on crypto, NFT transfers and online influencers

[May 4, 2023 7:41 PM] A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online.

3% Tax on Crypto Transfers Part of Kenya's Proposed Budget: Bloomberg

[May 4, 2023 6:20 PM] Kenya's Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year.

White House advisors renew push for 30% digital mining energy tax

[May 2, 2023 10:50 PM] The May 2 blog post by the White House’s Council of Economic Advisers (CEA) has already attracted strong criticism from the community.

White House Pushes for Punitive Tax on Crypto Mining

[May 2, 2023 3:58 PM]

UK Crypto Tax Advisers Welcome Proposed Changes to DeFi Lending, Staking Treatment

[May 2, 2023 4:47 AM] The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.

Crypto Tax Guidance Could Come 'in 12-ish Months,' Says IRS Official

[Apr 28, 2023 3:18 PM] The IRS' point person for taxation of cryptocurrencies stresses need for community engagement at Consensus 2023

Revolut taps Koinly for automated cryptocurrency tax reports

[Apr 28, 2023 4:35 AM] Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users.

UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking

[Apr 27, 2023 7:45 AM] The proposed framework, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said.