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Indonesia Quadruples Tax on Overseas Crypto Trades

[Jul 30 10:30 PM] Indonesia will hike tax rates on cryptocurrency transactions starting August 1, with sellers on domestic exchanges now facing a 0.21% tax on transaction value, while those using overseas exchanges will see their rate increase to 1%. Crypto’s…

Brazilian Congress to Debate Lula-Imposed Crypto Tax Scheme

[Jul 24 9:30 AM] The Brazilian Congress is set to debate the legality of a new cryptocurrency taxation scheme imposed by President Lula, which eliminated the income tax exemption for minor trading operations and targeted decentralized finance activities through a…

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…

Bitcoin Tax Strategies for a Runaway Fiscal Train

[Apr 21 5:32 PM] Bitcoin Magazine Bitcoin Tax Strategies for a Runaway Fiscal Train Lyn Alden, author of Broken Money, has made a strong case for fiscal dominance—the idea that government spending dictates monetary policy rather than the other way around…

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…

Nigeria Eyes Crypto Tax Revenue

[Feb 19 9:40 PM] Nigeria’s Securities and Exchange Commission is working to bring licensed crypto exchanges into the formal tax system, with a related bill likely to pass in early 2025. Nigeria Aims to Increase Revenue The Nigerian Securities and Exchange…

Bitcoin Giant Microstrategy Caught in Biden’s Tax Web

[Jan 25 11:30 PM] This week, The Wall Street Journal highlighted potential tax complications for the publicly traded company Microstrategy, particularly concerning unrealized gains. According to the report, the Corporate Alternative Minimum Tax (CAMT), introduced…

How Bitcoin investors can avoid tax fraud

[Jan 23 11:30 AM] Bitcoin investors must navigate a complex tax landscape, including understanding taxable vs. non-taxable transactions, key regulations by jurisdiction and ways to stay compliant.

IRS Crypto Tax Reporting Requirements Stir up Mass Confusion

[Jan 3 11:30 PM] Some in the crypto community assumed the IRS was backpedaling on reporting requirements, but all requirements are still firmly in place, the agency simply announced a grace period for exchanges to upgrade their technology. IRS Grants Crypto…

Why Trump Must End Capital Gains Tax On Bitcoin

[Dec 7, 2024 6:07 PM] In a world where digital assets are quickly becoming a cornerstone of global finance, the United States stands at a crossroads. The Trump administration has repeatedly emphasized its dedication to making everyday Americans more prosperous. From…

Russia Approves Crypto Tax Law, Redefining Digital Currency Rules

[Nov 28, 2024 3:30 AM] Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. Russia’s New Crypto Tax Rules Signal a Major Shift in Digital Currency…