A Spanish decentralized finance (DeFi) investor was hit with 9 million euros ($10.5 million) in back taxes for taking out a crypto-backed loan, according to a local media report.In a…
Tax officials in Jeju City, the capital of the South Korean island province of Jeju, have reportedly started the process of freezing and seizing the crypto of those it believes…
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In brief
New York State Assemblymember Phil Steck proposed a 0.2% excise tax on cryptocurrency transactions.
He estimates that the tax would generate $158 million annually, based on Chainalysis data from 2022…
The US state of New York may tax the sales and transfers of crypto and non-fungible tokens (NFTs), under a bill submitted in the state’s Assembly.Assembly Bill 8966, introduced on…
In brief
India’s CBDT Chairman Ravi Agrawal said the country is stepping up its use of AI and international data-sharing to identify crypto tax evaders.
Minister of State Pankaj Chaudhary confirmed the…
US President Donald Trump says he is considering eliminating the capital gains tax on houses, according to a Tuesday briefing. Trump says that the main thing holding back a potential…
The Trump administration is actively exploring a de minimis tax exemption for Bitcoin transactions to eliminate barriers to everyday Bitcoin and crypto use, White House Press Secretary Karoline Leavitt confirmed…
In brief
Crypto mogul Roger Ver—also known as "Bitcoin Jesus"—has reportedly sued Spain.
U.S. authorities are seeking his extradition from Spain after alleging that he dodged paying taxes.
Ver wouldn't comment…
In brief
The IRS announced Thursday it has removed a controversial DeFi-focused rule from the U.S. tax code.
The rule, adopted in December, was repealed by a congressional resolution earlier this year,…