Tag: crypto tax
Digital Chamber Sues Illinois Over Digital Asset Tax Act
Digital Chamber seeks to block Illinois’ 0.2% Digital Asset Tax before 2027. Lawsuit claims blockchain transactions face unfair and discriminatory taxation. Case challenges the tax…
South Korea Confirms 22% Crypto Tax Starting January 2027
South Korea confirmed that crypto taxes will take effect in January 2027. Taxation applies to profits over 2.5 million KRW annually. The tax rate is…
Crypto News Today: Roger Ver Admits Tax Failures, DOJ Drops Case After $50M Pact
Roger Ver pays $50 million to settle case against tax evasion of bitcoins, DOJ abandons charges under deferred prosecution agreement. An early bitcoin investor, Roger…
Switzerland to Share Crypto Data with 74 Countries
Switzerland approves plan to share crypto data with 74 countries by 2027. New crypto rules to take effect in 2026, enabling global data exchange. The…
Senators Push Treasury to Overhaul Crypto Tax Rules
Treasury should address cryptocurrency tax regulations, say Senators Lummis and Moreno. Current rules tax unrealized gains, hurting U.S. crypto firms. Foreign competitors face fewer tax…
Ukraine Proposes 18% Tax on Crypto Earnings
Ukraine proposes an 18% crypto tax to support the military and state budgets. The new Ukrainian tax framework simplifies rules for crypto transactions and mining.…
India Imposes 70% Tax Penalty on Undeclared Crypto Gains
India enforces a 70% tax penalty on undeclared crypto gains, applying retroactively from February 2025. Compliance is mandatory to avoid heavy fines. The Indian government…
Hong Kong Unveils Crypto Reporting Plan for Tax Transparency
Hong Kong announces plans for a Crypto-Asset Reporting Framework by 2026, aiming to enhance tax transparency and combat tax evasion. The Hong Kong government has…
Texas Man Sentenced to Two Years for First Criminal Crypto Tax Evasion
Texas man Frank Ahlgren sentenced to two years for crypto tax evasion, ordered to pay $1M restitution to the U.S. Frank Richard Ahlgren III, an…
