IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year
An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new 'Digital Asset' category.
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Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country
Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the…
Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget Unveils
Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese…
Portugal proposes 28% tax on annual crypto trading profits next year
The cryptocurrency tax haven could see taxes levied on profits realized from cryptocurrency trading or capital gains within a year of their acquisition.
Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners
The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions…
European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion
Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has…
Tax on income you never earned? It’s possible after Ethereum’s Merge
IRS rules weren’t ready for the Ethereum upgrade. It’s unlikely to become the fiasco that taxpayers experienced when Bitcoin forked in 2017, but there are measures they can take to…
South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal
The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual…
P2E gamers, minors not any safer from the tax man, says Koinly
Earning an income from play-to-earns is “complicated” without tax guidance, advises Australian crypto tax specialists.
Belarus Issues International Arrest Warrant for Owner of Country’s ‘Largest Crypto Exchanger’
Law enforcement officials in Minsk are seeking international assistance to locate and detain the man who ran what is said to be the biggest online exchanger for cryptocurrencies in Belarus.…
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