Crypto Tax News

The IMF wants Pakistan to increase tax measures on crypto profits to secure a $3 billion bailout for its faltering economy.

Thailand's cabinet approved a tax exemption measure for crypto earnings to boost the country's competitive edge in digital finance.

Korea’s National Tax Service wants to develop a new management system to monitor crypto transactions and combat illegal activities, targeting completion by 2025. South Korea‘s National Tax Service has initiated preliminary consultations with a consulting firm to develop a new…

In 2024, the IRS will focus on compliance initiatives associated with high-income and high-wealth taxpayers. For institutions, noncompliance can result in exclusion from access to US markets.

Taxes and cryptocurrency remain a pretty intricate topic. Here, we will explore the current state of crypto tax and what investors can expect in 2024. In the crypto world, simply holding on to your digital assets, often called ‘HODLing’ by…

The Japanese government has approved an amendment to the taxation of companies holding third-party-issued cryptocurrencies in its fiscal 2024 tax reform plan.

The Financial Accounting Standards Board has released its first crypto accounting rules, revolutionizing how companies report cryptocurrency holdings.

The Brazilian Senate has approved a new taxation policy, effective Jan. 1, imposing up to a 15% tax on earnings from crypto held in foreign exchanges.

Spain introduces a new crypto tax regulation requiring residents to declare their cryptocurrency holdings on foreign platforms by March 2024.

The IRS has announced the extension of the period for comments on crypto tax reporting requirements until January 25, 2024.

A panel at the PlanB conference in Lugano on Friday, October 20, 2023 focused on efforts to drive Bitcoin (BTC) adoption in the city.

Coinbase's tax leader has requested the IRS to reconsider its proposed cryptocurrency tax guidelines.

The U.S.-based cryptocurrency exchange also plans to double its headcount in India from 70 to 150 employees.

Tax relief for crypto transactions in India is unlikely for at least two more years, according to WazirX CEO Nischal Shetty

European lawmakers overwhelmingly approved the DAC8 directive, empowering tax authorities to oversee and regulate cryptocurrency transactions within the EU. On Sept. 13, the proposal got 535 member votes in favor, only 57 against, and 60 abstentions. The DAC8 will enable…

US Senators urge Treasury and IRS to implement crypto tax rules by December 2023, warning of potential $1.5 billion revenue loss. Four U.S. Senators, Elizabeth Warren, Robert P. Casey, Jr., Richard Blumenthal, and Bernard Sanders, have sent a letter to…