IRS Proposal for Tax Form Raising Concerns, Threatens to Erode Pseudonymity in Crypto
The US Internal Revenue Service (IRS) draft form states that the agency mandates self-custodial wallet addresses when decentralized finance (DeFi) users file taxes. The draft...
Virginia State Proposes Bill to Protect Crypto Mining Rights
The legislators in Virginia have introduced a new bill to define rights for blockchain miners. The bill also deals with the matter of providing tax incentives...
Canada Proposes New Changes in Crypto Investment Fund Requirements
Canadian Securities Administrators (CSA) is preparing a regulatory framework for crypto-based investment funds. The regulatory document will cover aspects such as custodianship and legal allocation...
IRS Postpones Enforcing Crypto Tax Rules, Exempts Over $10k Transactions from Tax Obligations
The US Internal Revenue Service (IRS), in an announcement on Tuesday, January 16, confirmed the suspension of the enforcement of tax rules obligating businesses to...
US Internal Revenue Service Hails Win Against Fraudulent Crypto Schemes
The US criminal investigation unit of the Internal Revenue Service (IRS) has, in its annual report card, hailed triumph over fraudulent tax schemes. The IRS...
Coinbase VP Warns Taxing DeFi is Impractical
Tax vice president at US leading crypto exchange Coinbase, Lawrence Zlatkin, warned that implementing the proposal to change the taxation rule targeting decentralized finance is...
Bitcoin Donation Firm Supports Paperwork Reduction for Gifted Crypto
The firm maintains that it is absurd to demand an assessment of donations made in dollar-pegged stablecoins, for instance, USDT or USDC. On Friday, ‘The...
White House Proposes 30% Excise Tax Targeting Crypto Mining Firms
The White House is set to impose a 30% excise tax targeting crypto mining activities. In the report issued on Tuesday, May 2, Biden's administration...
UK Legislators Introducing Crypto Profits Declaration in 2025
On March 15, the UK legislator announced that taxpayers must file their crypto profit along with their tax returns. The decision aimed at minimizing the...
Russian Crypto Miners Face Potential Prison Sentences for Tax Evasion under Proposed Bill
Reports indicate that the Russian Ministry of Finance proposes severe punishments for individuals who fail to declare cryptocurrency holdings. In addition, the Ministry of Finance...