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Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor Says

13.9.2021
The regulatory status of cryptocurrency mining remains somewhat undetermined in Ukraine, even after the recent adoption of the law “On Virtual Assets.” However, albeit unregulated, the minting of digital coins isn’t prohibited either, according to a leading advisor on crypto...

IRS Agent Poses as Bitcoin Trader Called ‘Mr. Coins,’ Biden’s IRS Wants ‘Outflow and Inflow’ Data From Banks

2.9.2021
Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan....

South African Tax Body Updates Crypto Tax Guidance, Confusion Persists

2.9.2021
In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector’s webpage, explains how cryptocurrency-related income should be disclosed in...

Canadian Tax Agency Launches Audit To Thwart Crypto Tax Evasion

1.9.2021
The Canada Revenue Agency (CRA) is increasingly targeting crypto traders who have not yet reported their profits from transactions as part of a large scale audit implemented by the tax agency’s Cryptocurrency Section. The crackdown was signaled by Norman MacDonald, head of tax litigation at...

Biden Administration Pushes Global Crypto Data Sharing Rules in $3.5 Trillion Budget Bill: Report

1.9.2021
The Biden administration is reportedly pushing to include global crypto data sharing rules in the $3.5 trillion budget package. The Treasury wants crypto businesses to report information on foreign account holders “so that the U.S. can share information with global trading partners.”...

Slovenian finance authority proposes 10% tax on crypto income

31.8.2021
Slovenian financial authorities have announced a proposal to tax cryptocurrency participants 10% on their asset income, specifically on purchasing and selling activities

Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency

31.8.2021
The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify...

Pay Tax on Your Bitcoin Profits or Face Punishment, Mexican Auditor Warns

30.8.2021
An auditor has warned that Mexicans must pay tax on bitcoin (BTC) and altcoin trading profits – or run the risk of becoming earmarked as money-laundering offenders. Per the news agency EFE, via El Nacional, Fidel Ortiz, the director-general of the accountancy FIXAT, claimed that BTC investment...

Philippines Tax Agency Targets Axie Infinity Players — ‘It’s Taxable, Subject to Income Tax’

25.8.2021
According to a regional report, the Philippines Bureau of Internal Revenue (BIR) is focusing on the blockchain-powered game Axie Infinity over tax concerns. Finance Undersecretary Antonette Tionko explained to the press that BIR is looking into methods aimed at capturing Axie Infinity players...

Philippine regulator tells Axie Infinity players they must pay tax on income from game

25.8.2021
The Philippine government is yet to determine whether Axie’s in-game NFTs should be classified as securities or currency

Infrastructure bill set for a vote by Sept. 27 with no changes to crypto tax provisions

25.8.2021
The House of Representatives will vote on the controversial infrastructure bill without amendments to its cryptocurrency provisions by Sept. 27

Coinbase warns infrastructure bill's crypto provisions could impact 20% of US population

23.8.2021
Coinbase’s global tax VP has slammed Congress for the controversial crypto tax provisions rushed into the infrastructure deal, warning the bill could impact 60 million Americans

Treasury to the rescue? Officials to clarify crypto tax reporting rules in infrastructure bill: report

16.8.2021
Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill

Biden’s infrastructure bill doesn’t undermine crypto’s bridge to the future

13.8.2021
Some saw beneficial effects from the week’s legislative face-off. Still, “crypto and blockchain technology is at a significant moment.”

Crypto.com Launches Crypto Tax Filing Service in Australia

13.8.2021
Crypto.com has launched a new service to help make it easier for Australians to file their cryptocurrency tax returns. This service, called the Crypto.com Tax, had been launched in Canada and the USA earlier. It is now being extended to Australian users. Crypto.com Tax makes it easy to complete...

South African Expert Says Tax-Dodging Crypto Traders Face Heightened Jail Threat

13.8.2021
A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto...