The US Senate Finance Committee convened a hearing on October 1, 2025 to examine the nation’s approach to taxing digital assets. The focus of the discussion centered on […]
Senators Push for Simplified Bitcoin Taxation, Aiming to Boost Everyday Use
A US Senator has proposed legislation to exempt small Bitcoin payments from taxation, aiming to make the cryptocurrency more accessible and integrate it into everyday life. This move […]
New IRS Guidelines Offer Relief to Major Crypto Firms
Cryptocurrency businesses, particularly large players like Coinbase and Microstrategy, faced a significant tax burden due to the implementation of CAMT (Corporate Alternative Minimum Tax) in 2022. This regulation […]
Senator Lummis Proposes Simplified Bitcoin Transactions for Everyday Purchases
U.S. Senator Cynthia Lummis is pushing for a significant change to the way Bitcoin transactions are treated for daily purchases. She’s advocating for a de minimis tax exemption, […]
Nigeria Plans to Tax Crypto Holdings from 2026
Starting January 1, 2026, Nigerian residents engaging in crypto trading will face new taxes on global gains. This change extends to both citizens and long-term residents (those staying […]
New York State Introduces Graduated Electricity Tax on Cryptocurrency Miners
While the ongoing government shutdown dominated headlines, a surprise bill emerged from New York state. Senator Liz Krueger and Assembly Member Anna Kelles introduced Bill S8518, proposing a […]
Japan Unveils New Cryptocurrency Tax Plan: Simplifying Regulations for Faster Growth
Japan is taking a major step to reshape its cryptocurrency tax landscape, aiming to cut the current rate from 55% to a more competitive 20%. This move is […]
Crypto Taxes in India: A Comprehensive Guide for Traders
India’s approach to crypto taxation is evolving as regulations change. For 2025, the Income Tax Act treats virtual digital assets (VDAs) like Bitcoin and Ethereum under the purview […]
Ukraine’s Parliament Approves First Reading of Cryptocurrency Tax Bill
Ukraine’s parliament has passed the initial stage of a bill aimed at regulating and taxing cryptocurrencies. The proposed legislation sets an 18% income tax and a 5% military […]
Ukraine Parliament Approves Cryptocurrency Legalization and Taxation
Ukraine’s parliament has approved the first reading of a bill legalizing and taxing cryptocurrency. This significant move could reshape the country’s digital asset economy, which ranks high in […]
India to Implement OECD Crypto Reporting Rules in 2027
In a move to enhance tax compliance on digital assets held by its citizens abroad, India will adopt the OECD’s Crypto-Asset Reporting Framework (CARF) starting April 2027. This […]
Japan to Implement 20% Flat Tax on Crypto Gains Starting in 2026
Japan is set to implement a major tax reform, introducing a flat 20% capital gains tax on cryptocurrency profits starting in fiscal year 2026. This move aims to […]
Japan to Implement 20% Tax on Crypto Transactions by 2026
Japan is set to implement a unified 20% tax on cryptocurrency transactions starting in 2026, as announced by the Financial Services Agency (FSA). This reform aims to modernize […]
Trish Turner Exits IRS as Crypto Tax Leader, Shifts to Private Sector
Trish Turner, the former head of the Internal Revenue Service (IRS)’s digital assets division, has stepped down after a three-month tenure. Turner’s departure comes amidst the IRS’s ongoing […]
Japan Proposes Flat 20% Tax on Crypto Gains, Aiming for Institutional Investment Boost
Japan’s Financial Services Agency (FSA) has proposed a significant regulatory overhaul, aiming to impose a uniform 20% tax on cryptocurrency profits. This proposal seeks implementation by 2026 and […]