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.
The lifting of the ban on retail investors accessing crypto ETNs was seen as a major win in the adoption of crypto investments due to the possibility of it being added to products like ISAs.
The scoop: The Netherlands has just moved to tax Bitcoin like a stock, marked to market. Lawmakers in the Dutch House backed a Box 3 overhaul that would tax “actual returns,” including annual price changes in liquid assets like BTC, at a flat 36%, even if you never sell. The plan targets Jan. 1, 2028 (pending […]
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Bankruptcy monitoring begins for BitRiver's parent firm as its CEO faces house arrest on tax evasion charges in Russia.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on every weekday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
This new requirement aims at preventing tax evasion and enhancing transparency in the local digital asset sector.
The Federal Reserve is seeking public feedback on a proposed “payment account” — informally dubbed a “skinny master account."
A new reporting system, DeCripto, will be introduced in July 2025 to track crypto transactions.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto industry figures welcomed pro-entrepreneur measures but warned that wider tax and regulatory pressures could hurt UK competitiveness.
The United States could generate up to $14 trillion in cumulative value if 1% of federal taxes are paid in Bitcoin over the next two decades, according to new modeling from Bitcoin Policy Institute presented alongside Rep. Warren Davidson’s Bitcoin for America Act. The bill, introduced on Nov. 20, would allow taxpayers to settle federal […]
The post New Bitcoin for America Act lets you pay the IRS in Bitcoin and fuels a $14T boost to economy appeared first on CryptoSlate.
Industry groups signed a letter to President Donald Trump calling for new tax policy and agency action on initiatives apart from Congress' market structure work.
Crypto groups are calling on President Donald Trump to direct the Treasury Department and the IRS to issue long-overdue tax guidance.