IRS Employs Private-Sector Crypto Experts for Tax Season Preparation
The US IRS has hired two new private-sector specialists in cryptocurrency taxation to concentrate on digital assets.
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Latest firstSpanish Treasury Empowers Crypto Seizure to Settle Tax Debts
The goal of the Spanish Ministry of Finance's expansion of its oversight over crypto monitoring is to provide it with the authority to seize digital assets to pay off tax obligations.
Kenyan Parliament Advances Crypto Tax Bill
A bill that would classify cryptocurrency assets as securities and tax capital gains on them has passed a committee in the Kenyan parliament.
IRS Signals Escalation: Surge in Crypto Tax Investigations
The frequency of investigations pertaining to digital asset reporting has increased, according to the United Internal Revenue Service's (IRS) Criminal Investigation (CI) Unit.
Democratic Party of Korea Mandates Election Candidates to Disclose Crypto Holdings
Key Takeaways The Democratic Party of Korea has taken a significant step by making it mandatory for prospective candidates to disclose their holdings in virtual assets before the upcoming general election in 2023. This move is part of the party’s…
Laos Military Alleges Unpaid Taxes of $20M by Crypto Operators
Laos looks to be focusing on the nation's cryptocurrency industry in an attempt to increase state revenue.
IRS Announces Taxation on Crypto Staking Rewards
IRS has issued a new judgment requiring cryptocurrency investors to declare crypto staking rewards as gross income.
IRS targets Crypto Traders using Puerto Rico’s Tax regime to evade taxation
Key Takeaways Authorities in the United States, led by the Internal Revenue Service (IRS), are actively pursuing cases against wealthy Americans, hedge fund managers, and crypto traders suspected of exploiting Puerto Rico’s favorable tax regime to evade tax payments. According…
ConsenSys Clarifies Rumors: MetaMask Affirms No Tax on Crypto Transactions
According to ConsenSys, it does not levy taxes on cryptocurrency users.
EU Finance Ministers Gives Green Light to MiCA Crypto Regulation
The MiCA law is approved by a unanimous vote of the European Union's finance ministers.
