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.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The White House is reviewing a rule that would grant the IRS access to information on taxpayers’ crypto transactions conducted globally.
Japan's financial regulator has finalized plans to reclassify 105 cryptocurrencies as financial products, Asahi reported.
The Internal Revenue Service issued guidance to create a safe harbor for ETPs to stake digital assets on Monday.
Reform has one of the most positive stances toward crypto in the UK, though the next general election is not due until 2029.
The crypto-backed lender's new offering, built with Blockware and Mark Moss, targets wealthy bitcoin holders with tax write-offs and monthly income from mining.
Beginning in 2026, exchanges will share more detailed information on user activity with around 70 jurisdictions under new reporting requirements.
Strategy's bitcoin holdings account for more than 3% of the total 21 million BTC supply — worth around $73 billion.
Early bitcoin investor Roger Ver reached a "tentative agreement" with the U.S. Justice Department, according to reporting from NYT.
On Capitol Hill, Senator Cynthia Lummis wants to make Bitcoin “everyday money.” The Wyoming Republican is quietly drafting legislation that could do what years of evangelism never managed: make buying coffee with Bitcoin practical again. Her proposal, a de minimis tax exemption for small crypto transactions, would let Americans spend a few hundred dollars’ worth […]
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A top Coinbase tax executive suggested the IRS isn't ready for the flood of tax reporting about to come in, even as many crypto rules still need to be written.
New IRS guidance eliminates a looming tax risk associated with unrealized crypto gains, a relief for Strategy.
The Senate Finance Committee are making headway on legislation to define how digital assets should be taxed, according to Sen. Lummis.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
GENIUS passed both Republican-led chambers of the U.S. Congress in July with the backing of President Donald Trump.
Trish Turner, the U.S. Internal Revenue Service veteran running its digital assets effort, is the latest senior official leaving for the private sector.
India’s tax authorities have uncovered nearly 630 crore rupees (approximately $72 million) in undisclosed income from crypto-related transactions, according to an Aug. 5 disclosure by Pankaj Chaudhary, the Minister of State for Finance. The minister, citing figures from the Central Board of Direct Taxes (CBDT), stated that the numbers reflect discrepancies in tax filings tied […]
The post India finds $72 million in hidden crypto income as tax compliance tightens appeared first on CryptoSlate.
Greenidge Generation has agreed to sell its Mississippi bitcoin mining facility, just a year after the site became operational.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Sellers using exchanges located in the country will have to pay a 0.21% tax on the transaction value, up from 0.1%, Reuters said.
Indonesia is expected to implement new crypto tax rules starting Aug. 1, raising the tax rate on transaction values for sellers.
Current U.S. IRS rules state individuals must report cryptocurrency transactions regardless if they result in a capital gain or loss.
Ver owes an estimated $48 million to the IRS related to his bitcoin sales and faces a possible sentence of 109 years.