News
US lawmakers are eyeing tax exemptions for US dollar stablecoins, which are designed to maintain a fixed value, but not other cryptocurrencies.
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Taxes News
It is hard to define cryptocurrency taxes, because there is a lot of controversy surrounding it today. Society still has no consensus even on whether digital currencies are a property or a currency, and that triggers a huge difference in taxation procedure. The speed of exchange rate flows makes it impossible to establish a taxation time period equally suitable for everyone. Also, there are a lot of cryptocurrencies that were particularly designed to protect user’s anonymity and their protocols wouldn’t allow any government to tax it.
As cryptocurrency market is growing, and its sheer dollar value makes it more likely to catch an attention of regulators. Cryptocurrencies are also a great way of money laundering, so no government will be able to ignore the subject. Today there are a lot of news about new cryptocurrency taxes laws and it looks like there will be more over time.
- News
The National Tax Service has opened a procurement bid for a platform to analyze crypto trading data and flag potential tax evasion.
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Cynthia Lummis continues to push pro-crypto policies in a market structure bill under consideration in the Senate, even as she prepares to leave Congress in January 2027.
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If adopted, the proposal will take effect on Jan. 1 of the calendar year following the publication of the final IRS rules.
3130 - Spotlight
While many platforms rely on automated bots, this one gives clients direct access to a real human support team.
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Under the proposed law, Turkey’s president would be allowed to change the income tax rate on digital assets from zero to up to 20%.
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The Hong Kong Monetary Authority and Shanghai partners will study a blockchain cross-border platform linking cargo trade data, e-bills of lading and finance under Project Ensemble.
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The EU’s new crypto tax rules will require platforms to report user data and transactions, reshaping tax transparency for digital assets starting in 2026.
2399 - Analysis
Bitcoin struggled to breach $70,000 this month, while inflation rates decreased in Japan and some countries reevaluated crypto tax codes.
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The Blockchain Association urged Congress to exempt low-dollar crypto transactions and tax mining and staking rewards upon sale.
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A Wells Fargo strategist said bigger US tax refunds may revive retail risk-taking by late March, potentially sending fresh cash into Bitcoin and momentum stocks.
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Certain assets, like equity in a qualifying start-up company and physical property used for non-investment, are exempt from the 36% tax.
6242 - News
Vietnam’s Finance Ministry proposes a 0.1% tax on crypto transfers, 20% corporate tax on profits and tough licensing standards for digital asset exchanges.
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A Moscow court has reportedly ordered BitRiver CEO Igor Runets to remain under house arrest as investigators pursue tax evasion charges.
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The commission also singled out Hungary for failing to comply with the EU's MiCA framework after an amendment to a local law.
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