Tags: Taxation

Currently, India only regulates crypto under anti-money laundering and electronic funds transfer laws, but wider regulations are under review.

The IRS’s new 2025 rule will require centralized crypto platforms to report user transaction data.

IRS’s 2025 crypto relief for CeFi users is automatic. Taxpayers are not required to file or take action immediately.

Finnish authorities claim Heart evaded taxes between 2020 and 2024, with alleged unpaid dues amounting to hundreds of millions of euros.

Prosecutors have accused Kim of concealing crypto profits of $1.5 million and transferring assets into bank accounts to avoid detection.

Binance faces $86M in unpaid GST demands and scrutiny over $480M in transaction fees reportedly funneled to Nest Services Ltd.

Russia’s crypto tax framework introduces a 13%-15% sales tax and exempts mining services from VAT under strict reporting rules.

Many fear Italy’s increased tax burden will drive crypto investors to relocate to friendlier jurisdictions.

Harris’s economic advisor tried to ease concerns about how perilous the tax could be, but CNBC’s hosts weren’t buying it.

Kamala Harris’s campaign says she’ll support the tax increases on wealthy earners already proposed by Biden – which will likely include a 25% tax on unrealized capital gains.

India’s budget retains 1% crypto TDS, rejecting industry calls for a 0.01% rate and progressive taxation on gains.

KuCoin’s announcement comes roughly four months after the Nigerian government filed tax evasion charges against Binance.

Matt Gaetz says bitcoin and crypto will modernize the financial system, and that the U.S. Treasury should keep up technologically.

The Gyeonggi government has significantly improved the success rate of identifying delinquent membership registration on crypto exchanges using the new system.

India achieved its highest-ever crypto trading volume in November 2023, signaling a remarkable surge in activity within the country’s digital asset ecosystem.

IRS criminal division observes rise in crypto tax evasion cases, shifting focus from money laundering to tax evasion.

By incorporating crypto as a payment option, Lugano aligns itself with three other Swiss cities and cantons that already embrace crypto payments.

Kenya’s Capital Markets Bill Defining Crypto Assets as Securities Progresses in Parliament

The proposed bill has gained approval from the Chamber of Deputies and is on its way to being approved by President Luiz Inácio Lula da Silva.

Declaration of foreign holdings is mandatory only for individuals holding crypto balance sheets that exceed the equivalent of 50,000 euros.

Amir Bruno Elmaani, aka “Bruno Block”, founder of the Oyster Protocol, sentenced to four years in prison for tax offenses exceeding $5.5 million.

The IRS said taxpayers must include the fair market value of their staking rewards in their gross income as soon as they gain control of the crypto assets.

Kraken’s issues with US government agencies continue.

The Japanese government is following its regional counterparts in making things easier for crypto and fintech companies. Its latest move is to ease taxes for crypto token issuers.