crypto tax

Highlights: Illinois approved a 0.2% tax on digital asset transactions that will take effect on Jan. 1. The Illinois crypto tax requires brokers to collect the tax and submit monthly reports. Crypto industry groups argue the new tax treats digital […]

Highlights: Japan plans to cut crypto taxes from as much as 55% to a flat 20%, matching stocks and bonds. The Japan crypto bill would introduce tougher insider trading rules and increase penalties for unregistered crypto sellers. The bill could […]

Highlights: The South Korean tax administration is gearing up to tax cryptocurrency profits from January 2027. Domestic exchanges will provide trading information to help calculate investors’ crypto gains and losses. But political resistance still raises doubts about the start of […]

Highlights: Heinen says the Box 3 reform must change before lawmakers move it forward in the Senate. The crypto tax plan would apply a 36% levy on annual gains even without asset sales. The Senate review will determine whether the […]

Highlights: Japan is advancing a 20% crypto tax to align crypto gains with equities in its new tax reform package. Asset managers are preparing new products as trading demand continues to rise. Regulators are expanding oversight to more tokens to […]

Highlights: Roger Ver could avoid prison by paying $48 million in cryptocurrency taxes. He allegedly hid 131,000 BTC, leading to charges of tax evasion and fraud.  His ties to Trump advisers and supportive crypto policies influenced his legal fight. Roger […]

Highlights: India issues crypto tax notices to traders who failed to report earnings from digital asset transactions. The tax department uses data from exchanges and banks to detect unreported crypto income and track all active traders. The CBDT has urged […]

Highlights: India’s crypto industry urges tax reform as government grows open to digital assets. Leaders propose a 0.1% tax to replace high 2022 rates and boost growth. RBI softens its stance, signaling cooperation as exchanges return and the market expands. […]

Highlights: Senators have asked the United States to stop taxing crypto gains that firms have not yet received through actual sales. They warn that the current crypto tax rules might push firms to move their operations to other countries. The […]

Highlights: Slovenia proposes a 25% tax on crypto profits starting in 2026. The new tax will not apply to crypto-to-crypto transactions or wallet transfers. The legislation aims to bring Slovenia’s tax system in line with international standards. The finance ministry […]

Highlights: The IRS introduces temporary relief for crypto holders on CeFi exchanges. Taxpayers can use records or software to track sales until the end of this year. Crypto investors must choose an accounting method or default to FIFO for sales. […]

Highlights: Hong Kong offers tax breaks on crypto and private credit to attract global asset managers. ZA Bank launches Bitcoin and Ethereum trading directly for retail customers in Hong Kong. Hong Kong expands tax exemptions to boost finance and compete […]