Tax

Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So

In this episode of Unchained, Peter Van Valkenburgh, director of research at Coin Center, explains why the IRS's proposed broker rule for tax reporting in crypto could harm th...

By CoinDesk Staff

Nov 21, 2023 at 4:49 p.m. UTC

Nov 21, 2023

Coin CenterPeter Van ValkenburghIRSDeFiTaxUnchained cdtv

Rep. Patrick McHenry, a longtime supporter of crypto legislation. (Jesse Hamilton/CoinDesk)

Policy

Regulations

U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules

Chairman of the House Financial Services Committee, Patrick McHenry (R-NC) and Congressman Ritchie Torres (D-N.Y) led a group of nine lawmakers in the effort.

By Amitoj Singh

Nov 16, 2023 at 6:56 a.m. UTC

Nov 16, 2023

RegulationsIRSU.S. Treasury DepartmentTaxPatrick McHenrybipartisanlawmakers

Parliament house, Canberra, Australia. (Unsplash)

Policy

Regulations

Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi

Last year, the Australian Taxation Office (ATO) warned cryptocurrency investors that capital gains and losses must be reported every time a digital asset is sold.

By Amitoj Singh

Nov 14, 2023 at 11:06 a.m. UTC

Nov 14, 2023

RegulationsAustraliaCryptoTaxDeFiDecentralized FinanceWrapped

The U.S. is weighing crypto tax rules, and a hearing today will hear from industry representatives worried about the government going too far. (Jesse Hamilton/CoinDesk.)

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Regulations

IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal

The proposal to establish a U.S. tax regime for digital assets has drawn a stunning 120,000 comments and will be the focus of an IRS hearing today.

By Jesse Hamilton

Nov 13, 2023 at 1:30 p.m. UTC

Nov 13, 2023

RegulationsInternal Revenue ServiceTaxDeFiDAOsPrivacytaxationTreasury DepartmentTax Week 2023

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Regulations

India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges

The government lost $420 million in potential revenue and failed to improve transparency because the tax regime prompted as many as 5 million crypto users to shift transaction...

By Amitoj Singh

Nov 9, 2023 at 11:28 a.m. UTC

Nov 9, 2023

RegulationsIndiaCryptoTaxincome taxPolicy

Finance

Tax

Crypto Tax Platform Blockpit Buys Rival Accointing From Glassnode

The "multi-million dollar" acquisition gives Austria-based Blockpit a footprint in the U.K.

By Jamie Crawley

Nov 7, 2023 at 8:43 a.m. UTC

Nov 7, 2023

TaxAcquisitionsGlassnodecrypto tax

Policy

Regulations

EU Formally Agrees on New Crypto Tax Data Sharing Rules

The rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.

By Sandali Handagama

Oct 17, 2023 at 4:52 p.m. UTC

Oct 17, 2023

RegulationsEUEuropean CommissionTaxPolicy