India’s cryptocurrency industry is navigating a period of significant regulatory change following the implementation of the 2025 Income Tax Bill. This new legislation has introduced stringent measures for […]
Bitcoin Purchases May Trigger Taxes for US Consumers
Using Bitcoin to buy everyday items like a burger in the U.S. may be considered taxable, leading to concerns about financial burdens and tax implications for cryptocurrency users. […]
Understanding Cryptocurrency on Your Balance Sheet: A Guide to Accurate Accounting
Accurate accounting for cryptocurrency is crucial for tax reporting, financial transparency, and compliance. This guide demystifies the process of recording crypto gains and losses on your balance sheet, […]
Millions in Crypto Refunds Possible After Australian Court Ruling
A landmark court ruling in Australia could significantly impact how cryptocurrencies, including Bitcoin, are taxed. The case involved stolen Bitcoin, where a judge ruled that the cryptocurrency should […]
UK to Mandate Full Customer Data Reporting on Every Crypto Trade Starting 2026
The UK government has announced new tax transparency rules requiring crypto firms to report comprehensive customer data on all transactions starting January 1, 2026. The move aligns with […]
Senators Seek to Shield Crypto Investors from Unrealized Gains Tax
U.S. Senators Cynthia Lummis and Bernie Moreno urged the Treasury Department to exempt unrealized crypto gains from new tax rules proposed under the Biden administration’s framework for cryptocurrency […]
UK to Implement Crypto Reporting Rules Starting 2026
The UK government is enacting a new regulatory framework for cryptocurrency, mandating reporting of user data by service providers starting in 2026 under the OECD’s Crypto-Asset Reporting Framework […]
US Senators Push for Changes in Crypto Taxation
A group of U.S. senators is urging adjustments to how crypto assets are taxed to help maintain the country’s global financial leadership. Led by Republican Senator Cynthia Lummis, […]
Senator Push for Exemption from Crypto Taxes Sparking Debate Over U.S. Competitiveness
U.S. Senators Cynthia Lummis and Bernie Moreno are urging the Treasury Department to revise tax rules for cryptocurrency firms, arguing that a current policy could inadvertently disincentivize innovation. […]
Senators Call for Clarification of Crypto Tax Rules, Threatening Innovation
Two Republican Senators, Cynthia Lummis (WY) and Bernie Moreno (OH), are raising concerns about potential tax complications facing U.S. companies holding digital assets. In a letter to Treasury […]
US Lawmakers Seek Crypto Tax Relief, State Regulators Take Different Approaches
The US crypto landscape is facing divergent approaches to regulation and taxation. While senators call for revisions to corporate crypto holdings’ tax status under the Inflation Reduction Act, […]
US Lawmakers Seek Clarity on Crypto Taxes Amid Regulatory Shifts
Two Republican lawmakers have urged the U.S. Treasury to clarify its cryptocurrency tax guidelines amid a shift in regulatory approach. The request follows recent policy adjustments in Washington […]
US Senators Seek Crypto Tax Relief, Express Concerns Over Impact on Firms
Two US Senators, Cynthia Lummis and Bernie Moreno, have requested the Treasury Department clarify the tax rules surrounding cryptocurrencies. They argue that current accounting standards, which require mark-to-market […]
US Senators Demand Clarity on Crypto Tax Rules, Seeking to Avoid Market Volatility
Senators Lummis and Moreno call for clear guidance from the Treasury on digital asset taxation under the 2022 Inflation Reduction Act. They express concern that the current tax […]
US Senators Urge Treasury to Clarify Crypto Tax Provisions
Two US Senators, Cynthia Lummis and Bernie Moreno, have written to Treasury Secretary Scott Bessent urging revisions to a tax provision impacting corporate digital asset holdings. This action […]