The first Form 1099-DA season is arriving for US crypto investors with a basic problem: many people are getting the new IRS form before they understand what it actually tells them. A Coinbase and CoinTracker survey of 3,000 US crypto users found that 61% were unaware of the new 2025 reporting rules, even though 74% […]
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The majority of crypto customers still don’t understand how crypto is taxed, mistakenly believing simple transfers trigger tax events. Related Reading: Hyperliquid’s Tokyo Edge Exposed — Secret Time Gap Is Tilting The Market Well intended crypto-tax confusion Although most crypto investors intend to comply with tax law, major confusion reigns amongst traders about cost basis, taxable events and evolving IRS regulations, Coinbase’s new 2026 Crypto Tax Readiness Report shows. The survey was conducted between September and October 2025, with a population of 3.000 U.S. crypto users. Related Reading: Hyperliquid’s Tokyo Edge Exposed — Secret Time Gap Is Tilting The Market Regulators are ramping up enforcement and data collection while retail users remain confused about what is actually a taxable event and how to track it across wallets, CEXs and DeFi. The legislation evolves way too fast for users to keep track, with 61% of the surveyed users reporting they were unaware of specific tax rules slayed for 2025 tax year reporting. Under current U.S. rules, most crypto is treated as property, which means selling, trading, swapping into another coin, or even paying fees can trigger capital gains or losses that must be reported. However, only 49% of crypto users correctly understand that a tax event is triggered anytime crypto is sold, with 22% of them falling under the misconception that a simple transfer to other accounts is taxable. The graphic shows users knowledge regarding taxable crypto taxations. Source: Coinbase’s 2026 Crypto Tax Readiness Report. “The story this data tells is one of uncertainty”, Lawrence Zlatkin, Vice President of Tax at Coinbase said, “Users are struggling to navigate the complexities of crypto taxation”. Brokers like Coinbase will now send standardized forms (1099‑DA) reporting proceeds, but they cannot see every DeFi or DEX leg in a strategy, leaving many users with forms that show large gross figures and no context unless they use specialized tax software. On average, users juggle 2.5 platforms or wallets, and 83% rely on self‑custody, which creates a cost‑basis reconciliation headache that most still haven’t figured out. The graphic shows users relationship with cost-basis. Source: Coinbase’s 2026 Crypto Tax Readiness Report. What This Means For Traders If regulators double down on enforcement while the average user remains lost, the result could be overpayment, under‑reporting risk, or simply less on‑chain activity as people retreat to “safe” buy‑and‑hold behavior, all of which reshape liquidity and volatility. Related Reading: 8.25M XRP Exit Long-Term Holders As Whales Buy $1.20–$3 Tax ignorance can be extremely costly. Those who keep ignoring the new reporting regime risk surprise bills, audits, or being forced to unwind positions at bad prices later. Savvy traders should avoid this by starting to treat tax drag as part of strategy design, using tools like CoinTracker to model after‑tax returns instead of just PnL on‑screen. At the moment of writing, BTC trades for the highs $67k. Source: BTCUSD on Tradingview Cover image from Perplexity, BTCUSD chart from Tradingview
US lawmakers on Friday unveiled the Digital Asset PARITY Act — a wide‑ranging draft bill that would reshape tax and regulatory treatment for digital assets while drawing immediate criticism for excluding Bitcoin (BTC). Introduced by Representatives Max Miller and Steven Horsford, the measure would, among other changes, create a narrow tax exemption for small stablecoin transactions and alter how staking income is treated. Key PARITY Act Provisions Under the PARITY proposal, regulated payment stablecoins used in transactions worth less than $200 would be exempt from recognizing gains or losses, provided the stablecoin’s price remains within 1% of its dollar peg at the time of payment. Related Reading: NVIDIA Faces Class Action After Court OKs $1 Billion Crypto-Mining Revenue Claims – Stock Dips 7% The bill also contains several other notable provisions, on staking for example, as it seeks to change the tax timing for income earned by passive participants in proof‑of‑stake (PoS) networks, permitting those “passive stakers” to defer the immediate tax consequences of staking rewards. Yet the bill’s approach to staking and mining has become a focal point for criticism. The Bitcoin Policy Institute (BPI) has been one of the most vocal opponents, arguing that PARITY’s staking deferral provisions create an uneven, technology‑biased tax regime that disadvantages proof‑of‑work (PoW) networks such as Bitcoin. BPI Objection Over Bitcoin Exclusion The Bitcoin Policy Institute contends the draft perpetuates the “phantom income” problem that both miners and stakers previously acknowledged needed legislative relief, but solves it only for stakers. The organization warned that by offering deferral to staking participants while leaving miners outside the relief, the bill effectively penalizes mining and undermines technological neutrality. Related Reading: MARA Holdings’ Bitcoin Sell-Off: 15,000 BTC Liquidated As Prices Crash Below $69,000 BPI called the imbalance “a two‑tier tax regime,” and urged lawmakers to remedy it by restoring a broader de minimis exemption that is not limited to stablecoins and by extending the deferral election to all block‑reward recipients — miners as well as stakers — or otherwise explicitly including mining in the relief. The Bitcoin Policy Institute argued these fixes are minimal but necessary steps if Congress truly intends to maintain US leadership in Bitcoin and digital asset innovation. Left unchanged, the group warned, the draft could disadvantage proof‑of‑work systems and shift innovation offshore. At the time of writing, Bitcoin was trading at roughly $66,000, representing a 4% and almost 6% loss in the 24-hour and seven-day time frames, respectively, as the broader crypto market wraps up the week to the downside. Featured image from OpenArt, chart from TradingView.com
The bill proposes a 10% tax on gains from regulated crypto platforms, withheld quarterly, with the president having the power to adjust the rate between 0% and 20%.
New directive, which operates alongside MiCA, expands tax data sharing, sets July 1 compliance deadline for exchanges across bloc.
In the wake of a significant shift in crypto regulation spurred by the new White House administration under President Donald Trump, lawmakers are working on a fresh tax framework aimed at providing clarity and a safe harbor for certain transactions involving stablecoins. Proposed Crypto Tax Framework Representatives Max Miller from Ohio and Steven Horsford from Nevada have drafted a preliminary proposal that seeks to align the tax treatment of cryptocurrencies with that of traditional securities. According to a recent report by Bloomberg, the draft consists of a blend of policy objectives and bill language not yet formally approved. Related Reading: Pundit Shares Why XRP Will Become Expensive And A $1,000 Price Tag Is Possible One of the key features of this draft legislation is its aim to exempt capital gains tax for transactions involving regulated stablecoins. Specifically, the proposal proposes to shield transactions that consistently maintain a value between $0.99 and $1.01 from taxation. However, this exemption is limited to transactions under $200, and the final text may modify which tokens will qualify for this safe harbor, as advised by aides to both congressmen. The proposal also attempts to establish safe harbors for rewards earned through activities like staking, which involves verifying blockchain transactions. Representative Miller emphasized that “America’s tax code has failed to keep pace with modern financial technology.” He described the bipartisan bill as a means to inject clarity, fairness, and common sense into the taxation of digital assets. The proposed draft also addresses the taxation of rewards earned through staking and mining cryptocurrencies, which involves verifying transactions within blockchain networks. Aligning Digital Assets With Securities Tax Regime Under guidance from the Internal Revenue Service (IRS) issued during the Biden administration, rewards obtained from staking are taxed at the time of receipt. Republican lawmakers have voiced concerns regarding this approach, arguing that it taxes assets before owners realize a gain. Conversely, Democrats maintain that these rewards should be classified as compensation and taxed upon receipt. To navigate this divide, Miller and Horsford aim to find a compromise, allowing taxpayers to defer tax on rewards for up to five years. After this period, the rewards would be taxed as income based on their fair market value. Pro-crypto Senator Cynthia Lummis, who recently announced that she will not be running for re-election next year, had previously introduced crypto tax legislation that would leave such rewards untaxed until they are sold. This legislation would align more closely with industry preferences. Related Reading: Saylor Sparks Bitcoin Speculation With ‘Green Dots’ Signal Additionally, the draft aims to bring digital assets under the same tax regime that governs securities and, in some cases, commodities transactions. It proposes to include cryptocurrencies in capital gains tax exemptions for foreign investors trading securities through US-based intermediaries like brokers or exchanges. Furthermore, the plan would permit cryptocurrency traders to utilize mark-to-market accounting, allowing them to recognize unrealized gains and losses based on fair market value at the end of each year. The proposed legislation also seeks to impose restrictions on deducting losses from wash trades for digital assets and “close existing loopholes” that facilitate transactions designed to lock in cryptocurrency gains while postponing the associated tax liability. Featured image from DALL-E, chart from TradingView.com
New House proposal would exempt some stablecoin payments from capital gains taxes and allow stakers to defer income recognition for up to five years.
Canada’s tax agency says legal gaps limit its ability to track crypto-related income as it recovers $100 million through audits and pushes for tighter regulation.
Thailand has officially adopted a new tax-rule giving a 0% personal income tax rate on capital gains from cryptocurrency trades — but only under certain conditions. Related Reading: Bitcoin Faces More Downside After Recent Crash, Data Shows According to regulation Ministerial Regulation No. 399 (MR 399), profits earned from selling or transferring cryptocurrencies such as Bitcoin via exchanges, brokers, or dealers licensed by the Securities and Exchange Commission of Thailand (SEC) will be tax-free from January 1, 2025 until December 31, 2029. What The 0% Tax Means Under the new scheme, individual investors who trade crypto through SEC-licensed platforms don’t pay personal income tax on any gains. The exemption applies only if the trade is done on a local approved exchange, broker, or dealer. FACT: THAILAND NOW OFFERS 0% CAPITAL GAINS TAX ON #BITCOIN TRADED ON NATIONAL EXCHANGES GLOBAL GAME THEORY AT WORK ✨ pic.twitter.com/8rf21xJxKT — The Bitcoin Historian (@pete_rizzo_) November 26, 2025 Regular income tax rules apply to the same type of income for taxpayers who participate in foreign/unlicensed exchange activity, as well as those who generate crypto income from mining, staking and/or airdrops. The publication of this regulation in the Royal Gazette on September 5th 2025 makes it official and enforceable by law. Reaction to this regulation was also positive from both officials and investors: an official statement indicates the primary purpose of creating this regulation was to provide incentives for current and future traders to use local regulated exchanges as opposed to using foreign/unregulated exchanges. They hope this will strengthen Thailand’s financial system and bring more transparency into crypto trades. Some analysts expect the policy to draw both local and international interest in Thailand’s licensed exchanges. The government seems to try making its digital-asset sector more competitive while ensuring regulatory compliance. What Investors Should Know To benefit from 0% tax, trades must go through valid, licensed channels. Gains from outside platforms or unapproved services don’t qualify. Accurate records of purchase and sale, including dates and exchange receipts, are vital to prove eligibility if asked by tax authorities. Related Reading: Bitcoin Whale Reenters ETH Market, Fires Off A $44-M Long The exemption runs only until December 31, 2029. After that date, the law will need review or renewal. So traders thinking long-term should consider what might happen after 2029. This policy shift represents a significant signal from Bangkok to both domestic and global crypto players. It makes compliant crypto trading cheaper — maybe more attractive — while drawing a clearer line between regulated and unregulated channels. Featured image from Unsplash, chart from TradingView
Japan is quietly preparing the most pro-crypto shift of any G7 nation. According to multiple reports from local media, the Financial Services Agency (FSA) is drafting a sweeping reclassification of digital assets that would bring Bitcoin, Ethereum, and around 100 other tokens under the same umbrella as stocks and investment funds. If the plan moves […]
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The Internal Revenue Service issued new guidance that Treasury Secretary Scott Bessent said offers a "clear path" to stake digital assets for trusts.
In the span of one frenetic week, France unveiled seemingly opposing policy tracks. On Oct. 31, the French National Assembly adopted a first-reading amendment rebranding the country’s real estate-only wealth tax into a broader “tax on unproductive wealth” that now explicitly covers digital assets. At the same time, the right-wing Union des droites pour la […]
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For years, many UK crypto holders have flown under the HMRC tax authority’s radar. They convinced themselves that digital assets somehow sit outside the country’s tax regime. Well, if you’re a UK resident residing in a river near Egypt, it’s about time you came up for air. Crypto tax is on the agenda, and the […]
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As Congress still struggles to work out a crypto tax approach in the U.S., the experts handling digital assets at the IRS are heading for the exits.
Lawmakers in New York are considering a bill that would impose a tax on digital asset transactions. The proposal, introduced in the state’s Assembly on Aug. 13, seeks to apply a 0.2% excise tax on the sale or transfer of digital assets like Bitcoin and Ethereum starting in September. According to the bill, revenue from […]
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Japan is proposing a major reform in its tax regime for crypto assets. If passed, these changes will make digital asset investing simpler for crypto investors.
Hopes rose then quickly fell on a potential effort to slip a crypto tax provision into the legislation meant to activate Trump's core policy agenda.
The cryptocurrency industry in India has spotted its chance to lobby for more favorable treatment from New Delhi
Digital asset service providers in the UK must submit customer data to His Majesty’s Revenue and Customs (HMRC) beginning Jan. 1, 2026. According to a May 14 update on the financial authority’s website, this move follows the adoption of the OECD’s Cryptoasset Reporting Framework (CARF), which mandates global tax transparency standards for digital assets. Under […]
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With favorable regulations and growing institutional adoption of digital assets, here are strategies to mitigate potential estate taxes on bitcoin wealth.
A joint resolution in Congress seeks to reverse a December move by the IRS to impose a tax regime in DeFi, and the House has taken the first steps to do that.
India is reportedly reassessing its stance on crypto, signaling a potential shift in policy as international attitudes toward digital assets become more favorable, according to a Reuters report. This review aligns with recent developments, especially in the United States, where pro-crypto policies have gained momentum, which has bolstered expectations for expanded adoption of financial products […]
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The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders.
The lawsuit alleges that the IRS’ latest rulemaking exceeds the agencies’ statutory authority and violates the Administrative Procedure Act.
The US tax regulator, the Internal Revenue Service (IRS), has restated its stance on cryptocurrency staking, clarifying that rewards generated from staking activities are taxable as soon as they are received. The IRS added that staking rewards do not constitute new property, and are therefore subject to immediate taxation upon generation. IRS Confirms Crypto Staking […]
The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, has today clarified the taxation of crypto transactions conducted before the financial year (FY) 2022-2023. According to the ruling, profits from all such transactions will be treated as capital gains. ITAT Gives Clarity On Pre-2022 Crypto Taxation In what is considered a landmark ruling for India’s […]
The Hong Kong government has reaffirmed its intention to adopt a global crypto tax reporting framework by 2028, according to a recent statement. This decision followed recent discussions with the Organization for Economic Cooperation and Development (OECD) Global Forum on Transparency and Exchange of Tax Information. The framework, introduced in June 2023, expands the existing […]
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The tax increase will be significantly reduced during parliamentary work, lawmakers said.
If you’re from the Czech Republic, you have another good reason to hold your Bitcoin. The government has approved a new tax policy exempting Bitcoin from capital gains tax, provided these assets have been held for at least three years. The updated tax policy also exempts individuals from paying taxes if income from digital currencies […]
Taiwan has accelerated the introduction of its regulatory Anti-Money Laundering (AML) framework for crypto businesses. The new regulations, set to start nearly a month in advance, require Virtual Asset Service Providers (VASPs) to comply with the registration mandate to prevent stricter penalties. Related Reading: Crypto Sleuth Accuses Pro Fortnite Player Of Stealing $3.5 Million In […]