Crypto Tax
Indonesia Reclassifies Crypto as a “Financial Asset,” Overhauls Tax System
Indonesia has announced new tax regulations for Bitcoin and crypto transactions, effective from August 1, 2025. The adjustments aim to increase revenue and align with the growing role of cryptocurrencies...
With 100 Million Crypto Users, Indian Exchanges Say It’s Time to Fix the Tax Laws
Ritesh Pandey (former Member of Parliament in India) is once again advocating for Indian crypto users, pushing to cut the 30% crypto tax, remove the 1% TDS (Tax Deducted at...
Sen. Lummis Proposes Crypto Tax Bill With $300 Limit, Mining & Staking Relief
Senator Cynthia Lummis of Wyoming has introduced comprehensive digital asset tax legislation aimed at creating practical rules for cryptocurrency users while generating $600 million in federal revenue over the next...
Japan Eyes 20% Flat Tax and Bitcoin ETFs in Crypto Policy Overhaul
Japan has signaled a shift in its approach to cryptocurrency, with regulators putting a sweeping proposal on the table that would dramatically cut taxes on crypto gains and clear the...
‘Buy a Coffee With Crypto’: Ohio Bill With $200 Tax Break Advances to Senate
The Ohio House of Representatives has passed a landmark “Bitcoin Rights” bill with significant bipartisan support, a move aimed at establishing the state as a premier destination for the cryptocurrency...
Brazil’s New 17.5% Crypto Tax Creates a Direct Conflict with Its Pro-Bitcoin Ambitions
Brazil has eliminated its long-standing tax break on cryptocurrency profits, introducing a flat 17.5% capital gains tax on all digital asset transactions. The measure, enacted through Provisional Measure 1303, took...
The Unworkable Law: Why a 2021 Rule Is Causing a Tax Nightmare for the Crypto Industry
U.S. Senator Cynthia Lummis is urging Congress to revise current tax policies affecting Bitcoin and other digital assets, warning that the existing framework imposes unfair burdens on miners, developers, and...
Australia’s Bold Move: Taxing Bitcoin and Stocks on Unrealized Gains
Australia is nearly ready to pass a tax on unrealized capital gains. If the proposal is approved, scheduled for July 1, it will apply to individuals with investments exceeding AUD...
Senators Lummis & Moreno New Proposal Could Mean Firms Only Pay Crypto Tax on Realized Gains
Famous US pro-crypto Senator Cynthia Lummis, alongside her colleague Senator Bernie Moreno, has asked the US government to review its cryptocurrency tax regime. In her latest proposal, made public on...
Taxing Times in Ukraine: Crypto Cash-Outs Face 23%, Trading Exempt
Ukraine’s National Securities and Stock Market Commission (NSSMC) has proposed taxing cryptocurrency transactions nationwide. Key details from the NSSMC’s submitted framework outline an 18% income tax and a 5% military...
India Wants Access to Your DMs: New Tax Law Targets Crypto Activity
A new draft Income Tax Bill presented by India’s Finance Minister Nirmala Sitharaman proposes sweeping powers for tax authorities to access citizens’ digital lives—including emails, social media communications, and financial...
No Crypto Tax? White House ‘Czar’ Shoots Down Transaction Fee
White House AI and crypto czar David Sacks has rejected the idea of a crypto transaction tax. He voiced his opposition during a current appearance on Jason Calacanis’ All In...
India’s Taxman To Get Sweeping Digital Surveillance Authority
India’s Income Tax Department could soon be getting a s fleeting number of digital surveillance powers, that would let them monitor and, if needed, access individuals’ social media accounts and...
Japan Considers Slashing Crypto Tax from 55% to 20% to Boost Investment
Japan’s Financial Services Agency (FSA) is considering lowering the tax rate on cryptocurrency gains. According to Colin Wu, the tax rate would be slashed from 55% to 20%, a move...
UAE Investors Watch as China Imposes Tariffs on the US – What’s Next?
Renowned Bitcoin investor Lark Davis has downplayed the potential impact of China’s retaliatory move against the US by threatening to impose tariffs in a brewing trade war. In a recent...
High Taxes, Yet India Might Be Changing Its Tune on Crypto
India’s government is reassessing its position on cryptocurrency, possibly changing its regulatory framework in response to the shifting global stance toward digital assets. This review could impact the country’s crypto...
India’s Crypto Tax Crackdown vs. China’s Innovation Push—Is India Falling Behind?
India’s cryptocurrency market has struggled under the weight of its harsh tax policies, raising concerns about the country’s position in the global digital economy. In 2022, the government imposed a...
FTX Distribution Delays: Key Updates on Restricted Country Payouts
Many FTX creditors face delays in receiving their funds as the cryptocurrency exchange continues with its complex Chapter 11 bankruptcy process. While progress has been made on the reorganization plan,...
Indonesia’s Crypto Market Adapts as INDODAX Adjusts VAT Rates
INDODAX, Indonesia’s largest cryptocurrency exchange, has adjusted its Value Added Tax (VAT) rates. This change aligns with Indonesia’s updated tax policies, specifically PMK No. 131 of 2024 and PMK No....
Ripple CTO Differentiates Crypto Staking from Traditional Income Amid IRS Tax Ruling
Ripple CTO David Schwartz has weighed in on the growing debate over crypto staking and taxation following the U.S. Internal Revenue Service (IRS) ruling that staking rewards are taxable upon...
Crypto Tax Delayed as South Korea Pushes Pro-Investment Reforms
South Korea’s National Assembly will likely approve significant tax law changes during its plenary session on December 10. The proposed amendments include abolishing the financial investment income tax and also...
South Korea’s Financial Overhaul Includes Ending Capital Gains Tax
South Korea’s Democratic Party of Korea (DPK) is moving to abolish the capital gains tax on financial investments, with a decision expected during the National Assembly’s final regular session on...
South Korea’s Crypto Tax Reform Stalls as Parties Debate Timelines
South Korea’s proposed tax regime for crypto-related ventures met a bottleneck when the country’s National Assembly’s Strategy and Finance Committee failed to convene its plenary session. The legislators could not...
Crypto Tax Breaks: Hong Kong’s New Plan to Rival Global Investment Hubs
Hong Kong has publicized plans to widen its tax-exemption net to include hedge funds and high-net-worth individuals. In a recent proposal, the Hong Kong government said the new plan would...
South Korea Debates Crypto Tax Bill Today: What to Know
South Korea’s National Assembly will discuss the crypto taxation bill today, November 25, at 14:00 KST, during a session of the tax subcommittee. Representatives from both ruling and opposition parties...
