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US lawmaker targets crypto investors using Puerto Rico as a tax haven


A member of the House of Representatives has proposed legislation aimed at stopping investors from using the US territory of Puerto Rico as a crypto tax haven.According to an April 21 Bloomberg report, New York Representative Nydia Velázquez introduced the Fair Taxation of Digital Assets...

Slovenia Proposes 25% Crypto Tax That Could Redefine EU Markets


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 in Ljubljana proposing a 25% tax on profits from...

Slovenia’s finance ministry floats 25% tax on crypto transactions


Slovenia’s Finance Ministry is considering a possible 25% tax on crypto trading profits for residents in the country under a new draft law now open for public consultation. The bill proposes to tax traders when they sell their cryptocurrency for fiat or pay for goods and services,...

NFT trader faces prison for $13M tax fraud on CryptoPunk profits


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 to the US Attorney’s Office for the Middle District of Pennsylvania.Waylon Wilcox, 45, admitted to filing false...

Ukraine floats 23% tax on some crypto income, exemptions for stablecoins


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 at 18% with a 5% military levy on top as part of the proposed...

Nigerian court postpones Binance tax evasion case to end of April: Report


A Nigerian court has reportedly delayed the country’s tax evasion case against Binance until April 30 to give time for Nigeria’s tax authority to respond to a request from the crypto exchange.Reuters reported on April 7 that a lawyer for Binance, Chukwuka Ikwuazom, asked a court...

Nigerian court postpones Binance tax evasion case to end of April: Report


A Nigerian court has reportedly delayed the country’s tax evasion case against Binance until April 30 to give time for Nigeria’s tax authority to respond to a request from the crypto exchange.Reuters reported on April 7 that a lawyer for Binance, Chukwuka Ikwuazom, asked a court...

How to file crypto taxes in the US (2024–2025 tax season)


Key takeawaysUS crypto investors must file their 2024 tax returns by April 15, 2025, ensuring all crypto transactions are accurately reported to the IRS.Crypto held for less than a year is taxed as ordinary income (10%-37%), while holdings over a year qualify for lower capital gains rates (0%,...

How to file crypto taxes in the US (2024–2025 tax season)


Key takeawaysUS crypto investors must file their 2024 tax returns by April 15, 2025, ensuring all crypto transactions are accurately reported to the IRS.Crypto held for less than a year is taxed as ordinary income (10%-37%), while holdings over a year qualify for lower capital gains rates (0%,...

Stablecoin rules needed in US before crypto tax reform, experts say


United States cryptocurrency regulations need more clarity on stablecoins and banking relationships before lawmakers prioritize tax reform, according to industry leaders and legal experts.“In my view, tax isn’t necessarily the priority for upgrading US crypto regulation,”...

Stablecoin rules needed in US before crypto tax reform, experts say


United States cryptocurrency regulations need more clarity on stablecoins and banking relationships before lawmakers prioritize tax reform, according to industry leaders and legal experts.“In my view, tax isn’t necessarily the priority for upgrading US crypto regulation,”...

Stablecoin rules needed in US before crypto tax reform, experts say


United States cryptocurrency regulations need more clarity on stablecoins and banking relationships before lawmakers prioritize tax reform, according to industry leaders and legal experts.“In my view, tax isn’t necessarily the priority for upgrading US crypto regulation,”...

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