South Korea weighs fourth delay on its crypto gains tax, pushing it to 2029
Officials are concerned users of domestic exchanges would bear the tax burden because the U.S. won’t share crypto trading data until 2029.
tax
Latvia eyes crypto tax payments in 2027 as parliament overhauls crypto taxation
Parliament passed a law taxing crypto withdrawals above deposits rather than individual trades, featuring a one-time declaration mechanism.
Proposed French tax on regulated stablecoins could drive crypto traders offshore
Chainalysis CEO in France Francois Volpoet warned the proposed 31.4% tax on regulated stablecoins could push traders toward unmonitored offshore channels.
Illinois agrees to six-month delay of crypto tax as industry continues court battle
Both sides agreed the 0.2% tax should be put off until July 1, if the court approves the deal, which will let the state and industry focus on the legal dispute.
U.S. House’s tax committee advances crypto tax bill in wake of Clarity Act loss
The Digital Asset Tax Certainty Act would ease complicated tax burdens for everyday use of cryptocurrencies, though Trump’s industry ties spurred some pushback.
Crypto industry aghast at Illinois’ new tax on holding or transferring digital assets in state budget
The 0.2% tax on any business activity involving digital assets was added last-minute, and is unlikely to change, two people familiar with the matter said.
U.S. House tax committee weighs crypto bills, including relief for small transactions
Seven draft bills are being circulated by the House Ways and Means Committee ahead of a hearing next week, including proposals to ease small-gain, mining and staking burdens.
Latest Congressional swing at crypto tax reform would direct IRS to review de minimis exemptions
The newest version of the Parity Act updates language around payment stablecoins and directs the IRS to report on how a de minimis exemption might work.
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It’s important to remember that the DeFi space is constantly innovating. When you deposit your cryptocurrency in a decentralized liquidity pool, you’ll typically receive LP tokens that represent your position. How is adding. Removing liquidity taxed? At this time, Hillary Clinton the IRS has not given explicit guidance on how depositing and withdrawing liquidity is taxed. The full tax implications […]