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Crypto News

UK To Force Crypto Exchanges To Collect Full Transaction Records From Jan. 1, 2026 As HMRC Ramps Up Tax Enforcement

As the nation's authorities are ready to take action against tax evasion, customers of major cryptocurrency exchanges in the United Kingdom will begin the...
Crypto News

Norway Sees 30% Surge In Crypto Tax Declarations To $4B And Over 73,000 Report Holdings In 2024

According to recent data from the Norwegian Tax Administration (Skatteetaten), cryptocurrency tax declarations have sharply increased in Norway, with over 73,000 individuals reporting digital...
Crypto News

UK’s HMRC Doubles 65,000 Crypto Warning Letters As Tax Authority Steps Up Enforcement

The number of warning letters sent to individuals suspected of underreporting or avoiding taxes on earnings from digital assets has doubled as the UK...
Crypto News

South Korea Speeds Up Regulations On Tax Evasions, Will Target And Seize Cold Wallets

With cryptocurrency regulations growing all across the globe, the same is the case with rules related to its tax implications. Governments are picking up...
Crypto News

US Lawmakers To Examine Long-Awaited Digital Asset Tax Rules In October Hearing

The Senate Finance Committee will hold a hearing next week on how digital assets should be taxed. The session is set for Wednesday and...
Crypto News

UAE To Share Crypto Tax Data With Global Authorities Ahead Of 2027 Rollout

The United Arab Emirates and local crypto firms have agreed to join an OECD-backed plan to share crypto tax data with other countries. The...
Crypto News

India’s Tax Department Collects Over $80M From Crypto Taxes, Sends Notices To 44,057 Non-Compliant Investors

Indian taxpayers paid as much as Rs 705 crore (approx. $80M) in taxes on virtual digital asset (VDA) gains for the financial years 2022-23...
Crypto News

Indonesia To Hike Crypto Transaction Tax from August 1, Hits Overseas Exchanges Harder

Indonesia will increase taxes on cryptocurrency trades under a new finance ministry rule. The change applies to both local and overseas exchanges and takes...
Crypto News

Crypto Tax Clarity Hangs In Balance As Senate Debates Trump’s “One Big Beautiful Bill”

Senators in Washington, D.C., are still locked in a marathon session debating President Donald Trump’s massive tax and spending bill, officially called the “One...
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Russia Proposes 15% Tax On Crypto Earnings Amid Push To Regulate Crypto Mining

A new 15% cryptocurrency tax has been introduced in Russia following a draft amendment to the tax code. The Ministry of Finance announced this...
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CEO Of Russia’s Largest State-Owned Bank CEO Says Domestic Crypto Transaction “Not Very Likely”

Herman Gref, the CEO of Sberbank, discussed ongoing cryptocurrency regulation in Russia during his speech at the “FI day. Blockchain: on the edge of...
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Italy Pulls Back Proposed Crypto Trading Tax From 42% To 28%, Details Inside

Italian Prime Minister Giorgia Meloni's government is preparing an amendment to lessen impending tax increases on crypto transactions. The proposed crypto gains levy had...
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