Crypto Tax

Congressman Matt Gaetz (R-FL) has introduced a bill proposing that Americans be allowed to pay their federal income taxes using Bitcoin. If the legislation passes, the US Secretary of the...Read More

With the rise in popularity of cryptocurrencies, investors are increasingly seeking optimal environments to enhance their returns. Several nations emerge as havens for crypto enthusiasts, offering regulatory clarity, tax-friendly policies,...Read More

Finland’s tax authority has uncovered undisclosed profits from cryptocurrency sales in 2023, totaling €30 million ($31.9 million). Consequently, the EU nation has instituted a requirement to report income derived from...Read More

The Indonesian cryptocurrency regulatory body has urged the Finance Ministry to reconsider the current ‘dual taxation’ policy on crypto transactions in the country. In Indonesia, cryptocurrencies are treated as commodities...Read More

Japanese lawmakers are considering a proposal to exempt companies from paying taxes on unrealized gains from cryptocurrencies. The plan is anticipated to be included in the fiscal 2024 tax reform...Read More

Nexo, a lending platform offering instant crypto loans, has entered into a partnership with Koinly to facilitate user tax reporting. The collaboration, effective from November 30, 2023, allows Nexo users...Read More

As of November 9, the Australian Taxation Office (ATO) has issued new guidance, asserting that capital gains tax (CGT) is applicable to specific transactions within decentralized finance (DeFi). Despite this,...Read More

South Korea has joined a group of 48 nations in endorsing the Crypto-Asset Reporting Framework (CARF), calling for the promotion of an international framework for cryptocurrency reporting. The CARF, established...Read More

The Turkish government has outlined plans to introduce regulatory guidelines for cryptocurrency assets, with taxation on these assets set to begin in 2024. This decision was highlighted in the 2024...Read More