Switzerland’s regulatory framework for cryptocurrency assets, set to become law in January 2025, will face a delay in its implementation of automatic cross-border data sharing. While the framework […]
White House Proposes Sharing US Offshore Crypto Data with IRS
The White House is considering joining a global agreement to share crypto data, potentially granting the Internal Revenue Service (IRS) access to Americans’ offshore holdings. This move aims […]
White House Approves New Rule Granting IRS Automatic Access to International Crypto Transactions
The White House is poised to approve a significant regulatory rule that would empower the Internal Revenue Service (IRS) with automatic access to U.S. citizens’ international cryptocurrency transactions. […]
India Investigates High-Net-Worth Crypto Traders for Potential Tax Evasion
Indian tax authorities are investigating over 400 high-net-worth individuals who traded on Binance. The investigation focuses on potential evasion of taxes on cryptocurrency transactions from 2022 to present, […]
UK Targets 65,000 Crypto Investors in Tax Evasion Effort
The UK’s tax authority, HMRC, has launched a significant campaign against crypto investors suspected of evading taxes. They have sent out over 65,000 letters to individuals, traders, and […]
HMRC Doubles Crypto Tax Evasion Warnings to 65,000 as Crypto Compliance Efforts Intensify
The UK’s HMRC has issued a record-breaking 65,000 warning letters to suspected cryptocurrency tax evaders for the 2024–25 fiscal year. This marks a significant increase from last year’s […]
HMRC Tightens Scrutiny on Cryptocurrency Investors
The UK’s HM Revenue and Customs (HMRC) is ramping up its focus on cryptocurrency investors. The agency has doubled the number of warning letters sent to individuals suspected […]
UK Tightens Crypto Rules: Warning Letters Surge Amidst Market Growth
The UK is taking a more assertive stance against crypto tax evasion, significantly increasing outreach to digital asset investors through warning letters. As the popularity of cryptocurrency in […]
UK Doubles Crypto Warning Letters as Tax Scrutiny Intensifies
The UK tax authority has ramped up its scrutiny of crypto investors by issuing double the number of warning letters in 2024–25. HMRC is aiming to encourage those […]
India Cracks Down on Crypto Taxation with Probe of Binance Users
India’s tax authorities are launching a nationwide investigation into over 400 high-value cryptocurrency accounts linked to the Binance exchange, aiming to identify unreported crypto income and cross-border tax […]
India Investigates Over 400 Binance Traders for Crypto Tax Evasion
The Indian Income Tax Department is scrutinizing over 400 high-net-worth individuals who trade cryptocurrency on Binance for alleged tax evasion related to their profits in the fiscal year […]
India Investigates Over 400 Binance Traders for Crypto Tax Evasion
Indian tax authorities are scrutinizing over 400 Binance traders for suspected crypto tax evasion. These investigations involve analysis of trading data from 2022-2025, aiming to uncover undeclared cryptocurrency […]
India Investigates Over 400 Binance Users for Crypto Tax Evasion
India’s tax authorities have launched a probe into over 400 high-net-worth individuals suspected of evading cryptocurrency taxes through the use of Binance, the world’s largest cryptocurrency exchange. The […]
Roger Ver Strikes Tentative Deal with US Authorities, Avoiding Prison Time
Roger Ver, the influential figure who once earned the title ‘Bitcoin Jesus,’ has reportedly reached a tentative agreement with U.S. authorities to settle a long-standing tax dispute. The […]
South Korea Fights Rising Crypto Tax Evasion Amidst Boom in Virtual Asset Trading
Driven by a surge in virtual asset trading, South Korea is taking decisive action against tax evasion. The National Tax Service (NTS) is deploying sophisticated tracking systems to […]