Whats at Stake for Crypto Holders? IRS Staking Rewards Tax Battle

The United States Internal Revenue Service (IRS) has reinforced its stance that cryptocurrency staking rewards should be taxed as income upon receipt, dismissing arguments that taxation should be deferred until the rewards are sold, according to the reports. In response to a legal challenge by Joshua and Jessica Jarrett, the IRS cited its 2023 guidance, […]

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Ukraine set to legalize crypto by 2025 under strict regulations

Ukraine plans to legalize cryptocurrencies by early 2025, applying standard taxation rules without offering tax incentives.

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South Korean city threatens to sell crypto of tax debtors

Paju city officials in South Korea targeted citizens with unpaid taxes, threatening to seize and sell their crypto assets if debts are not cleared by the end of November.

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Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance

The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies Cryptocurrency Staking Income, Leaves Questions Unanswered Under fresh tax directives from the [...]

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