HMRC data shows 240 people reported more than £1 million ($1.36 million) each in crypto gains as UK tax scrutiny intensifies.
For the first time, the U.K.'s tax office broke out crypto capital gains figures, showing 17,600 people reported $1.87 billion in profits during the 2024-2025 tax year.
Crypto Groups Sue To Block Illinois Digital Asset Tax Act - Read the full analysis.
The Crypto Council for Innovation and the Blockchain Association added another lawsuit against the state for its recently approved 0.2% crypto tax.
IRS correspondence regarding crypto has become more familiar than in years past as the agency requires taxpayers to disclose activity.
Indian regulators maintained a hawkish stance despite the growing embrace of digital assets and technology by governments worldwide.
The crypto sector's leading U.S. advocacy groups asked the U.S. House's tax committee to advance a bill to clarify treatment of assets from mining and staking.
Crypto advocacy groups are urging Congress to pass a tax bill, saying the measure would provide clarity on mining and staking rewards.
The 0.2% tax on any business activity involving digital assets was added last-minute, and is unlikely to change, two people familiar with the matter said.
South Korea’s finance ministry said tokenized stocks are securities, opening potential taxation as early as H2 2026 if regulators agree.
A House committee hearing on the taxation of digital assets offered a glimpse into lawmakers' views, highlighting rifts in approaches.
The effort to push several tax bills is meant to be bipartisan, but the parties may not be comfortable with all details of the seven bills weighed by the panel.
Lawmakers are set to debate several cryptocurrency tax bills amid growing questions over how tax rules should apply to digital assets.
As cryptocurrency-related bills from regulating stablecoins to the market as a whole take center stage — now comes how to tax those assets.
Seven draft bills are being circulated by the House Ways and Means Committee ahead of a hearing next week, including proposals to ease small-gain, mining and staking burdens.
The petitioner said taxing cryptocurrency gains while abolishing taxes on traditional investments is unfair.
The newest version of the Parity Act updates language around payment stablecoins and directs the IRS to report on how a de minimis exemption might work.
The government plans to replace a 50% capital gains tax discount on assets held for more than one year, according to AFR.
Stratiphy will offer access to three ETNs provided by 21Shares: those covering bitcoin, ether and one combining BTC and gold.
The lack of a de minimis exemption for crypto payments and staking rewards taxed at receipt creates a huge reporting burden, the data shows.
Stratiphy secured IFISA approval, reopening a tax-free ISA route for UK retail investors to hold 21Shares crypto ETNs.
The Cato Institute says U.S. bitcoin tax rules are overly complex and discourage everyday use despite growing crypto adoption.
A libertarian think tank argues that treating bitcoin as a capital asset for tax purposes makes everyday payments impractical due to the complex reporting requirements.
The consultation was expected to address the tax treatment of crypto transactions following central bank regulations finalized last year.
They argue that crypto investors would be treated unfairly, citing an earlier repeal of the tax on gains from traditional financial products.
HIVE said it is progressively phasing down its ASIC-based bitcoin mining operations in Sweden amid tax disputes and operational uncertainty.
Traders involved in DeFi and have transactions and transfers between multiple wallets and exchanges will face more challenges.
HMRC is exploring crypto forensic tools worth up to $4.6 million to combat digital asset-related tax fraud and money laundering in the UK.
UK is working to finalize its broader crypto rulebook, but firms like Coinbase are urging regulators to avoid restrictive stablecoin policies.
Last year, many U.S. taxpayers receiving warning letters from the IRS ahead of the implementation of a new reporting system.