Philippines Looks to Tax Hit Blockchain Game Axie Infinity: Report

The game's creator and its players have to pay taxes in the Philippines, authorities say.

News  ·  25 August 2021

Crypto Tax Proposal in US Has Had Limited Impact on Bitcoin Market

Enactment of the bill, if it is passed and signed into law, is still far off.

Markets  ·  3 August 2021
Bitcoin Mining

Bitcoin Miners Can Escape US Taxes by Mining Direct to IRAs

Compass Mining is enabling clients to mine bitcoin without triggering a taxable event.

News  ·  29 July 2021

Israeli Bill Would Force Crypto Investors to Report Holdings Above $61K

The Israeli Bitcoin Association is opposing the proposed reporting requirement, calling it discriminatory.

Policy & regulation  ·  28 July 2021

India Could Hit International Crypto Exchanges With Additional 18% Tax: Report

Most Indian exchanges pay the goods and services tax on their profits and commissions in the absence of clarity from the country's tax authority.

News  ·  2 July 2021

South Korea Seizes $47M Worth of Crypto for Back Taxes: Report

Officials called it the largest "cryptocurrency seizure for back taxes in Korean history."

News  ·  23 June 2021

IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors

The IRS has outlined different ways that $32.3 million in additional funding will bolster the agency's crypto tax collection efforts.

News  ·  9 June 2021

IRS Will Seize Crypto Assets on Failure to Pay US Taxes: Official

Crypto is treated by the IRS as property for U.S. tax purposes and can be seized in the same way, an official said.

Policy & regulation  ·  13 May 2021

IRS Approved to Seek Records of Kraken Users Transacting Over $20K in Crypto

A U.S. federal court authorized the move Wednesday.

News  ·  6 May 2021

Taxing Crypto Trading Gains ‘Inevitable,’ Says South Korea Finance Minister: Report

Crypto traders’ gains will be subject to 20% tax on profits over 2.5 million won (~$2,250) from January 2022.

News  ·  27 April 2021

Seoul Seizes Tax Dodgers’ Crypto From Exchanges: Report

The department has seized around 25 billion won ($22 million) in digital assets from 676 of the alleged tax evaders.

News  ·  23 April 2021

Bitcoin Leads Price Sell-Off Across Crypto Markets as Biden Tax Plan Bites

Bitcoin falls as Biden's plan to raise capital gains tax hurts risk appetite.

Markets  ·  23 April 2021

What Would Biden’s Tax Hikes Mean for Bitcoin?

Tax hikes could encourage profit taking in cryptocurrencies, but some investors remain bullish as ongoing stimulus could trigger inflation.

Markets  ·  13 April 2021
Cryptocurrency Mining

Kentucky Governor Signs Tax Breaks for Crypto Miners Into Law

The commonwealth wants to become a hub for energy-heavy businesses like crypto mining.

News  ·  26 March 2021

IRS Initiates ‘Operation Hidden Treasure’ to Root Out Unreported Crypto Income

“These transactions are not anonymous,” the IRS' national fraud counsel said. “We see you.”

News  ·  7 March 2021