Key Takeaways Illinois’ Digital Asset Tax Act imposes a 0.2% levy on crypto transfers effective Jan. 1, 2027, regardless of profit. The tax targets brokers earning over $100,000 from Illinois users and is projected to […]
Key Takeaways Proposed legislation would extend wash sale restrictions to many cryptocurrency transactions. Investors could face limits on claiming losses after rapid asset repurchases. Exemptions cover qualified U.S. dollar stablecoins and digital assets acquired through […]
Key Takeaways Lawmakers examined eight digital asset tax proposals covering payments, donations, mining, staking, and compliance. Several proposals would reduce reporting requirements for routine digital asset transactions and stablecoin payments. Other measures address staking rewards, […]
A package of several crypto tax bills may not be ready yet for prime time, as a U.S. House Ways and Means Committee hearing revealed potentially significant questions from lawmakers that suggested the panel hasn’t […]
A set of seven crypto tax bills are being circulated in advance of a hearing of the U.S. House Ways and Means committee next week, with each of the legislative drafts tackling its own narrow […]
The Joe Biden administration has proposed a 30% tax on the electricity used for cryptocurrency mining operations in its budget for 2025. The computers that secure cryptocurrencies such as Bitcoin consume large amounts of power. […]
Key Takeaways In August 2025, the Israel Tax Authority cut anonymity rules, causing crypto disclosures to drop to just 58. The policy shift left Israel with $14 million in revenue, missing a $700 million market […]
Key Takeaways Kenyan Treasury CS Mbadi denied reports of new crypto or bread taxes on May 25 to calm public panic. KPMG warned that the Finance Bill 2026 will hike operational compliance costs for web3 […]
The Joe Biden administration has proposed a 30% tax on the electricity used for cryptocurrency mining operations in its budget for 2025. The computers that secure cryptocurrencies such as Bitcoin consume large amounts of power. […]
Key Takeaways Moon Kyung-ho of the Finance Ministry confirmed virtual asset taxation will begin on Jan. 1 next year. Over 13.26 million investors face a 22% tax on virtual asset gains exceeding 2.5 million won. […]
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