Binances return to India comes with $86M tax demand

While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.

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Nigerian lawmakers eye economic boost through crypto taxation

The Nigerian Federal Inland Revenue Service (FIRS) plans to introduce legislation to tax the growing crypto sector, according to local media outlet Business Day. FIRS Executive Chairman Zacch Adedeji announced this during a session with the National Assembly’s Finance Committees, highlighting that the new regulation would drive economic growth while encouraging innovation. Adedeji emphasized that […]

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Senate proposal for crypto tax exemption is long overdue

Four senators are fighting to exempt low-value crypto transactions from federal taxation. Congressional approval for their proposal is long overdue.

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Senator Cynthia Lummis releases report attacking Bidens mining tax

The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.

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South Korea moves to delay crypto tax until 2028 amid market concerns

South Korean lawmakers have proposed a bill to delay the implementation of crypto gain tax until 2028. The ruling political party proposed the bill on July 12, citing the current negative sentiments around the crypto industry as the reason for the extension. They stated: “With investment sentiment toward virtual assets deteriorating, some argue that hasty […]

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Turkey denies plans to tax crypto, stock gains

Turkey has dismissed levies on profits from stocks and cryptocurrencies but is exploring a transaction tax as part of efforts to regulate the tax on financial transactions.

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FTX reaches $200M settlement with IRS on tax bill

The agreement, which is subject to court approval, resolves a major hurdle for the FTX bankruptcy process.

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US Treasury and IRS finalize crypto broker tax reporting rules

The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28. Crypto brokers, including exchanges, will need to report gross proceeds for crypto sales starting from 2026. This will include crypto sales during 2025. Furthermore, brokers will need to report information about the tax basis of […]

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Turkish crypto bill: 5 things to know before its introduced

Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process.

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US lawmakers warn Treasury on taxing US firms unrealized crypto gains

Two US senators have requested that the Treasury Department intervene to prevent the corporate alternative minimum tax (CAMT) interpretation from penalizing US firms for unrealized gains driven by updated accounting standards. In a letter dated May 12, Senators Cynthia Lummis and Bernie Moreno asked Treasury Secretary Scott Bessent to issue regulatory guidance excluding unrealized gains […]

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How Bitcoin Holders Could Influence Global Adoption of Wealth Taxes

Bitcoin holders could face tax implications as governments worldwide increase their focus on cryptocurrency assets. The wealth amassed by hodlers could attract the attention of tax authorities looking to ensure proper reporting and compliance with tax laws. As the value of Bitcoin and other cryptocurrencies continues to skyrocket, individuals who have accumulated significant wealth in [...]

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Proposed US bill wouldnt allow taxing block rewards at acquisition

If incorporated into U.S. tax law, the bill would require block rewards from proof-of-work and proof-of-stake networks to be taxed when sold rather than when they were acquired.

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Coinbase urges Supreme Court to block IRS crypto data grab to preserve constitutional privacy

Coinbase has filed an amicus brief with the US Supreme Court supporting a constitutional challenge to the Internal Revenue Services (IRS) broad collection of cryptocurrency user data, arguing it violates Fourth Amendment protections. The filing, submitted on April 30, outlines the companys opposition to an IRS John Doe summons that compelled the disclosure of detailed […]

The post Coinbase urges Supreme Court to block IRS crypto data grab to preserve constitutional privacy appeared first on CryptoSlate.

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US Justice Dept charges Roger Ver with tax fraud

The early crypto investor, often called Bitcoin Jesus, faces extradition to the U.S. after being charged with evading nearly $50 million in taxes.

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Swiss Spar Accepts Crypto, Metaplanet Buys $28M BTC &Slovenia Tax

Latest crypto news: Metaplanet adds 330 BTC worth $28M, Swiss Spar supermarket accepts Bitcoin payments, and Slovenia plans 25% crypto tax starting 2026.

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IRS draft tax form for crypto defines unhosted wallets as brokers

The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […]

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Slovenia proposes legislation to impose 25% tax on gains from crypto, derivatives

Slovenias Ministry of Finance released two legislative proposals for public consultation to clarify and align the taxation of digital assets and derivatives ahead of a planned 2026 rollout, according to an April 17 release. The first proposal, the Law on the Tax on Profit from the Disposal of Crypto Assets, introduces a 25% capital gains […]

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Top IRS member says pure crypto tax crimes on the rise alongside scams

IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations. Crimes considered pure tax crimes involve failing […]

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Top IRS official says pure crypto tax crimes on the rise alongside scams

IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations. Crimes considered pure tax crimes involve failing […]

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Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System

An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using cryptocurrencies. Japan Government Asked to Amend Tax Laws for Crypto Gains [...]

The post Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System appeared first on Crypto Breaking News.

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