South Korea has announced a groundbreaking initiative to share cryptocurrency transaction data internationally, aiming to combat tax evasion and enhance transparency in the virtual asset market. Under its […]
South Korea Enacts OECD Crypto Reporting Framework for Enhanced Transparency
South Korea is set to implement the OECD’s framework for reporting cryptocurrency transactions (CARF) in 2024, a move aimed at enhancing international tax transparency and combating offshore evasion. […]
Indian Cryptocurrency Exchanges Under Investigation for Misusing Client Funds
India’s Income Tax Department is investigating a growing number of alleged instances of misuse of client funds by Indian cryptocurrency exchanges. The department has discovered that these platforms […]
Only 17,000 Crypto Holdings Revealed in South Africa – Massive Undeclared Wealth Threatens Tax Authorities
A stark discrepancy has emerged in South Africa’s cryptocurrency landscape: only 17,000 out of an estimated six million individuals holding digital assets have officially declared their holdings to […]
California Man Charged in $93 Million COVID Tax Fraud Scheme
Kristerpher Turner, a California resident, and several accomplices have been charged with orchestrating a $93 million COVID tax fraud scheme between June 2020 and December 2024. The alleged […]
South Korea Tightens Crypto Grip: Seizing Assets from Tax Evaders
Facing pressure to curb tax evasion and address digital asset fraud, South Korea is stepping up its enforcement of crypto regulations. From seizing hidden wealth to investigating suspected […]
India Uncovers ₹29,208 Crore in Hidden Assets, Intensifying Crypto Tax Drive
India’s tax drive has unearthed significant hidden assets, including ₹29,208 crore in unreported foreign holdings. This crackdown on tax evasion follows increased disclosures of overseas assets by taxpayers […]
India Intensifies Cryptocurrency Tax Crackdown: Investigation Focuses on Undeclared Assets
India’s tax authorities are launching a comprehensive investigation into cryptocurrency tax evasion, aiming to uncover undisclosed incomes and discrepancies in tax filings. The Central Board of Direct Taxes […]
India Investigates Crypto Tax Evasion, Potential Market Impact Unclear
Indian tax authorities are currently probing potential tax avoidance related to cryptocurrency transactions. While the specific details remain undisclosed, this investigation focuses on ensuring compliance with existing tax […]
India Cracks Down on Crypto: CBDT Sends Notices to Millions Over Undeclared Income
India’s tax agency, the Central Board of Direct Taxes (CBDT), is launching a major investigation into individuals and businesses who haven’t reported income from virtual digital assets (VDAs) […]
India Cracks Down on Crypto Tax Evasion in Enforcement Drive
The Indian Income Tax Department has launched a new initiative to combat potential tax evasion and money laundering related to virtual digital assets (VDAs), including cryptocurrencies. The department […]
Supreme Court Weighs in: Coinbase Users vs. IRS in Crypto Record Battle
The U.S. Supreme Court is set to rule on a contentious case involving cryptocurrency exchange Coinbase users and the Internal Revenue Service (IRS). A group of Coinbase users […]
UK Crypto Users Face Stricter KYC Rules, Aiming to Combat Tax Evasion
The UK is implementing stricter KYC regulations for crypto companies starting January 2026, aiming to deter tax evasion in the digital asset sector. The move by Her Majesty’s […]
UK Mandates Crypto Data Reporting by 2026 to Combat Tax Evasion
The UK government has announced plans to implement OECD’s CARF framework for reporting crypto data from 2026 onwards, aiming to enhance tax transparency and combat illicit activities. This […]
UK Mandates Crypto Reporting to Combat Tax Evasion
The United Kingdom has implemented a new rule requiring cryptocurrency firms operating within its borders to report detailed user and transaction data from January 1, 2026. This measure […]