The White House is currently evaluating a proposal from the U.S. Treasury Department that aims to automatically report information on U.S. citizens’ foreign cryptocurrency holdings, part of a […]
White House Evaluates IRS Plan for Crypto Reporting
The White House is conducting a review of a proposed IRS rule requiring U.S. citizens to report their overseas cryptocurrency holdings, aligning with the international Crypto-Asset Reporting Framework […]
Bybit Partners With Taxbit to Enhance Global Crypto Tax Compliance
Bybit has partnered with Taxbit, a leading provider of digital asset tax and accounting solutions, to streamline global tax compliance for its users across its global and European […]
Norway Sees 30% Surge in Crypto Ownership Reported for 2024 Taxes
Norway’s Tax Administration reveals a significant increase in cryptocurrency holdings declared by citizens on their 2024 tax returns. The agency reports over 73,000 individuals disclosed owning digital assets, […]
UK Tightens Crypto Tax Compliance: HMRC Targets Unreported Gains
The UK government is taking a more assertive stance towards crypto taxation, focusing on recovering unreported profits from cryptocurrency investments. HMRC has intensified scrutiny on both retail and […]
HMRC Increases Crypto Tax Enforcement Efforts with Nudge Letters to Potential Evaders
The UK tax authority, HM Revenue & Customs (HMRC), has taken a proactive step towards bolstering crypto tax compliance by issuing approximately 65,000 nudge letters to suspected evaders […]
Roger Ver Settles $48 Million Tax Case, Impact on Bitcoin Remains Uncertain
Roger Ver, known as ‘Bitcoin Jesus’, has reached a $48 million settlement with the U.S. government to address tax fraud allegations. The case highlights increasing scrutiny of high-profile […]
India Crypto Traders Face Crackdown as Authorities Target Undisclosed Transactions
Indian cryptocurrency traders are facing heightened scrutiny from tax authorities who have initiated action on undisclosed trading activity. The Income Tax Department has begun sending Section 133(6) notices […]
Italian Tax Authority Reaches €280 Million Settlement with Andrea Pignataro’s ION Group
Italian tax authorities have reached a landmark settlement of €280 million with Andrea Pignataro’s ION Group, following an extensive investigation into alleged undeclared income from 2013 to 2023. […]
UK Implements New Crypto Reporting Rules by 2026
The UK is preparing for stricter cryptocurrency regulations with the implementation of new rules starting January 1, 2026. The Financial Conduct Authority (FCA) introduced a comprehensive reporting framework […]
Navigating Crypto Compliance: Why It’s Crucial Now More Than Ever
In a rapidly evolving regulatory landscape, crypto compliance is no longer optional. With intensifying scrutiny from bodies like the FATF, SEC, and IRS, crypto projects and users alike […]
South Africa Urges Crypto Registration for Tax Compliance: Key Takeaways
As cryptocurrencies gain popularity in South Africa, the government is stepping up to ensure compliance with tax laws. The South African Revenue Service (SARS) has issued a call […]
Cryptocurrency Investors Face Increased Tax Scrutiny in 2025
A surge in IRS audits targeting cryptocurrency holders is anticipated for the 2025 tax year, according to industry reports from CoinDesk. Evolving regulations require meticulous tracking and reporting, […]