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Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Early Bitcoin investor jailed for unreported crypto gains in $4M BTC sale
13.12.2024
A Texas Bitcoin investor faces prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent
Early Bitcoin investor jailed for unreported crypto gains in $4M BTC sale
13.12.2024
A Texas Bitcoin investor faces two years in prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent
Japan passes stimulus package, commits to crypto tax reform
20.11.2024
Proposed changes include taxing cryptocurrency at a 20% flat rate instead of the current variable ‘miscellaneous income’ rate.
Kenya Collects Over $77M in Taxes From 384 Crypto Traders
6.11.2024
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 cryptocurrency traders during the 2023-24 financial year...
Kenya’s Crypto Landscape Set for Major Overhaul With New Tax System
18.10.2024
The Kenyan Revenue Authority (KRA) is tightening its grip on cryptocurrency by proposing a real-time tax system integrated with exchanges. This system would track all crypto transactions, capturing details like time and value for tax collection purposes. Beyond real-time taxation, Kenya...
Ohio Senator Pushes for Cryptocurrency Tax Payments With New Bill
3.10.2024
Ohio State Senator Niraj Antani has introduced a bill to legalize cryptocurrency payments for state and local taxes. Emphasizing the importance of cryptocurrency in the present economy, the bill requires Ohio to accept digital currencies like bitcoin and allows state retirement systems to invest...
Ohio to consider accepting crypto for tax payments and fees
30.9.2024
They tried once in 2018, but the State Board of Deposits "failed" to show any enthusiasm
Greek gov't to impose crypto taxes starting 2025
18.7.2024
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
Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion
16.6.2024
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 trading. The initiative, involving 38 personnel...
Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users
8.5.2024
The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax obligations unknowingly, but maintained that others...
Nigerian Court Postpones Detained Binance Executive’s Tax Evasion Case to April 19
6.4.2024
A Nigerian court has postponed the tax evasion case of the detained Binance executive to April 19, while the hearing for the cryptocurrency exchange itself is scheduled for April 8. The court also ordered that the executive Tigran Gambaryan be held in the custody of the Economic and Financial...
South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion
13.3.2024
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 contracted the services of a third-party company to help...
Indonesia sees a 62% fall in cryptocurrency tax revenue
5.3.2024
Indonesia encountered a significant 62% reduction in its cryptocurrency tax revenue for the year 2023, notwithstanding the noteworthy appreciation of Bitcoin’s worth. Throughout the year, cryptocurrency transactions generated a cumulative tax revenue of $31.7 million. The purported cause...
South Korea’s Ruling Party Seeks Cryptocurrency Tax Delay as Election Promise
19.2.2024
South Korea’s ruling People Power Party is advocating for a two-year postponement of the taxation on gains from cryptocurrency investments. The move is seen as a potential campaign promise for the upcoming general election scheduled for April. The party aims to prioritize establishing...