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The hearing notice suggested a focus on a tax framework for digital assets, but did not mention specific witnesses or policies previously proposed. Lawmakers in the US House of Representatives are scheduled to hold a hearing on a crypto tax policy framework as part of Republicans’ push to consider bills on central bank digital currencies…
Russia will continue taking measures to encourage crypto mining businesses to register with the tax authority, including imposing bigger penalties for violations. Russia’s cryptocurrency laws have not convinced most mining businesses to register with authorities, as only 30% of the miners have entered the Federal Tax Service Register since late 2024. The Russian government began…
Brazil scraps crypto tax exemption for small traders, enforces flat 17.5% rate across all gains, including self-custody and offshore holdings. Brazil has ended its tax exemption for small-scale crypto profits, introducing a 17.5% flat rate on all capital gains from digital assets. The new rule was announced under Provisional Measure 1303 as part of the…
UK crypto firms will need to report customer transactions on their platforms from 2026 onward as part of an initiative to strengthen crypto tax reporting practices. United Kingdom crypto companies will need to collect and report data from every customer trade and transfer beginning Jan. 1, 2026 as part of a broader effort to improve…
UK crypto firms will need to report customer transactions on their platforms from 2026 onward as part of an initiative to strengthen crypto tax reporting practices. United Kingdom crypto companies will need to collect and report data from every customer trade and transfer beginning Jan. 1, 2026 as part of a broader effort to improve…
As Bitcoin’s value skyrockets, governments may turn to wealth taxes to tap into unrealized gains, raising questions about the future of crypto taxation. Opinion by: Robin Singh, CEO of Koinly Is there a catch for Bitcoin hodlers, with the asset’s price up over 600,000% since the beginning of 2013? Perhaps — if governments keep waking…
The trader sold 62 CryptoPunk NFTs in 2021, earning approximately $7.4 million in profit, followed by the sale of 35 more in 2022 for an additional $4.9 million. A non-fungible token (NFT) trader could face up to six years in prison after pleading guilty to underreporting nearly $13 million in profits from trading CryptoPunks, according…
The chair of Ukraine’s securities regulator, Ruslan Magomedov, says it made the crypto tax framework for lawmakers to make informed decisions on the various options. Ukraine’s financial regulator has proposed taxing certain crypto transactions as personal income at a rate of up to 23% but excluding crypto-to-crypto transactions and stablecoins. Crypto transactions would be taxed…
Accounting software company Open Ledger has launched a new product in time for tax day. Meet PokéTax, a game that helps make tax filing quite fun. Instead of tax forms, users take on Tax Trainers — gym leaders — representing different parts of a tax form, such as income, deductions, and credits. Each leader asks…
US President Donald Trump is expected to sign off on undoing a Biden-era rule that would require DeFi protocols to report to US tax authorities. The US Senate has passed a resolution to kill a Biden administration-era rule to require decentralized finance (DeFi) protocols to report to the Internal Revenue Service, which will now head…