The White House is currently reviewing an Internal Revenue Service (IRS) proposal for taxing US citizens’ outbound cryptocurrency holdings. This measure aims to increase reporting requirements and combat […]
White House Reviews Proposal to Tax Cryptocurrency Holdings
The White House is currently reviewing a proposal regarding the taxation of outbound cryptocurrency holdings by U.S. citizens, which could lead to enhanced reporting requirements and stricter regulations […]
White House Examines IRS Crypto Tax Rumours – No Confirmed Proposal
While rumours circulate regarding an IRS proposal targeting U.S. citizens’ outbound crypto holdings, there’s no official confirmation from key government bodies like the White House or the IRS […]
White House Proposes New IRS Rules for Cross-Border Crypto Taxes
The White House has initiated a review of potential IRS tax regulations related to U.S. citizens’ cross-border cryptocurrency holdings, aiming to provide recommendations to the Treasury and Internal […]
White House Reviews IRS Proposal on Crypto Taxation: Potential Impact on Industry
The White House and U.S. Treasury are scrutinizing new proposals for taxing cryptocurrency holdings, particularly outbound transactions by American citizens. This review reflects a push towards a more […]
White House Weighs Expansion of IRS Oversight for Foreign Cryptocurrency Accounts
The U.S. government is reviewing a proposal by the Treasury Department that would significantly boost the Internal Revenue Service’s (IRS) access to information on foreign cryptocurrency accounts held […]
White House Reviews IRS Proposal on Cryptocurrency Tax Compliance
The White House is currently evaluating an IRS proposal that could significantly alter the way U.S. citizens handle cryptocurrency tax compliance. This proposed change targets offshore holdings of […]
White House Reviewing IRS Proposal to Tax Outbound Cryptocurrency Holdings
The White House is currently reviewing an IRS proposal to impose taxes on U.S. citizens’ outbound cryptocurrency holdings, a move that could significantly impact cryptocurrency regulations and investor […]
Trump’s Administration Looks to Embrace CARF for Enhanced Crypto Taxation
As the global cryptocurrency landscape expands, regulatory measures are intensifying. While Bitcoin faces market volatility, developments regarding crypto tax reporting under the Trump administration’s purview are progressing. Notably, […]
U.S. Moves Towards Crypto Tax Standardization with CARF
Cryptocurrency’s global growth has driven regulatory efforts to catch up, with a new focus on international tax reporting. The Trump administration is exploring regulations that would give the […]
Trump Administration Proposes U.S. Crypto Tax Compliance Framework
The Trump administration has proposed a global cryptocurrency tax framework for the US, aiming to enhance compliance for overseas crypto accounts. This proposal seeks to ensure automatic reporting […]
Changpeng Zhao Argues Japan’s Crypto Tax Cut Remains Too High
Binance founder Changpeng Zhao has weighed in on Japan’s proposed crypto tax cut, questioning its current impact despite acknowledging a positive step towards market stimulation. While the move […]
Japan FSA Seeks to Reclassify 105 Cryptocurrencies, Applying 20% Tax Rate
The Financial Services Agency of Japan (FSA) proposes a major shift in how cryptocurrencies are taxed, aiming to classify 105 digital assets as financial products under its regulatory […]
Crypto as Property: IRS Rules Your Need to Know for 2025
The IRS has confirmed that cryptocurrencies are treated as property, not immediate income. This classification means your crypto holdings will only be taxed when you sell, trade, or […]
IRS Announces New Safe Harbor for Crypto ETF Staking, Sparking Investor Benefits
A major development in the crypto space has been announced: the U.S. Treasury and IRS have introduced a safe harbor allowing exchange-traded funds (ETFs) to stake digital assets […]