South Korea NTS Seeks Custody Firm After Crypto Breach
TLDR South Korea’s National Tax Service began reviewing private custody providers after a security lapse exposed wallet recovery p...
Russia to Collect $7M in Crypto Mining Taxes for 2025
TLDR Russia will collect about 567 million rubles or over $7 million in crypto mining taxes for 2025. The Federal Tax Service said...
South Korea Builds AI Crypto Tax System Before 2027 Launch
TLDR South Korea has allocated 3 billion won to build an AI-powered system to track cryptocurrency gains before 2027. The National...
IRS Proposes Electronic-Only Crypto Tax Form Delivery Rule
TLDR The IRS has proposed a rule allowing crypto exchanges to deliver tax forms only through electronic channels. The proposal wou...
Draft bill in Turkey Seeks 10% Crypto Tax and Tighter Oversight of Exchanges
TLDR Turkey proposed a new bill that introduces a 10% tax on cryptocurrency income and gains. Lawmakers stated that platforms must...
U.S. Lawmakers Propose PARITY Act to Modernize Crypto Tax Rules
TLDR The PARITY Act aims to modernize crypto taxation by updating rules for staking, trading, and low-value transactions. The bill...
Bipartisan House Lawmakers Propose New Crypto Tax Framework for Stablecoins and...
TLDR: Stablecoin transactions under $200 could be exempt from capital gains taxes. Staking and mining rewards may be taxed on a de...
New York Senator Proposes Crypto Tax on Energy Use by Miners
TLDR New York State Senator Liz Krueger has introduced a bill to impose a tax on crypto energy consumption by mining companies. Th...