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Today in Crypto: Two US Representatives Demand Crypto Tax Regulations, Atomic Wallet Stolen Funds Traced to N.Korean Hackers, OKX Partners with Custody Service Provider Komainu, Zodia Custody Joins Hands with Blockdaemon
6.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________...
Read More: Today in Crypto: Two US Representatives Demand Crypto Tax Regulations, Atomic Wallet Stolen Funds Traced to N.Korean...
US Congressmen blame crypto firms for 'tax gap' in letter to Treasury
6.6.2023
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about the tax compliance practices in crypto
Kenyan Central Bank Governor Says Stance on Crypto Not Driven by Personal Views
4.6.2023
Patrick Njoroge, the outgoing governor of the Kenyan central bank, recently said the bank’s policy on crypto assets is not driven by personal views but is founded on the “wealth of information that is in the central bank.” Njoroge said the Central Bank of Kenya will continue...
Does the US have a crypto ‘tax loophole’ problem?
1.6.2023
The Biden administration wanted to nix a “special tax subsidy for cryptocurrency,” but it wasn’t in the May 28 debt-ceiling bill. Another narrow escape?
Crypto Tax Forum: The 1st crypto assets taxation conference
29.5.2023
Join us at @O2K’s Crypto Tax Forum, the world’s first conference exclusively focused on crypto asset taxation. Designed for professionals by professionals, this event aims to address the most pressing issues related to crypto taxation. We are bringing together experts from...
Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways
29.5.2023
India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they'll survive the current bear market – here’s how
Is MetaMask withholding customers' crypto for taxes? No, it’s not.
22.5.2023
The parent company behind the crypto wallet MetaMask has debunked "inaccurate" rumors that it is collecting tax on crypto transactions
Developments in crypto tax across Europe and CIS at a glance
17.5.2023
Taxation in the crypto sphere is fast evolving, and keeping track of the developments is not just imperative but indeed a necessity. The European and CIS markets have seen a bit of turmoil in relation to crypto tax developments. Things are working out with all the major regions cementing their...
EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows
12.5.2023
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
10.5.2023
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
Biden calls to end $18B 'crypto tax loopholes' —community begs to differ
10.5.2023
Reddit users speculated that the president might be referring to the IRS wash sale rule not being applied to crypto yet
Kenya considers tax on crypto, NFT transfers and online influencers
5.5.2023
A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online
UK Crypto Tax Advisors Welcome Proposed Changes to DeFi Lending, Staking Treatment
2.5.2023
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
28.4.2023
The IRS' point person for taxation of cryptocurrencies stresses need for community engagement at Consensus 2023
Study claims 99.5% of crypto investors did not pay taxes in 2022
7.4.2023
Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study
Crypto Payroll Company Franklin Closes $2.9M Seed Round
4.4.2023
The payroll company is the second skunkworks project developed internally at boutique Web3 marketing firm Serotonin, founded by Ethereum mainstay Amanda Cassatt
Best and worst countries for crypto taxes — plus crypto tax tips
21.3.2023
So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth
UK to Add Crypto Declaration in Tax Forms
15.3.2023
Taxpayers will have to record their crypto gains separately as of next year, the U.K. Treasury said
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...
CoinTracker integrates with H&R Block to offer crypto tax preparation
9.3.2023
The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings