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taxes

Caution Taxes Ahead (Yunha Lee/CoinDesk)
Consensus Magazine
Opinion
Memes to Millions: The Tax Implications of Sudden Crypto Wealth
Don't let meme coin season become a tax planning nightmare, TokenTax CEO Zac McClure writes.
Caution Taxes Ahead (Yunha Lee/CoinDesk)
By Zac McClure
Apr 2, 2024 at 8:53 p.m. UTC
Apr 2, 2024
Opiniontaxesmeme coinsMemes
16:9 Thailand flag (spaway/Pixabay)
Policy
Regulations
Thailand Greenlights Income Tax Exemption for Investment Token Earnings: Report
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
16:9 Thailand flag (spaway/Pixabay)
By Sandali Handagama
Mar 13, 2024 at 10:59 a.m. UTC
Mar 13, 2024
RegulationsThailandtaxes
Kristin Smith, CEO, Blockchain Association (Shutterstock/CoinDesk)
Consensus Magazine
Opinion
Congress Gets the Runaround From Regulators, Again
"If the broker rule proceeds as is, it will surely spell the near-total collapse of the crypto industry in the United States," writes Blockchain Association CEO Kristin Smith...
Kristin Smith, CEO, Blockchain Association (Shutterstock/CoinDesk)
By Kristin SmithMiller Whitehouse-Levine
Nov 15, 2023 at 10:04 p.m. UTC
Nov 15, 2023
OpinionTax Week 2023Blockchain AssociationtaxesBrokersIRS
globe held in someone's hand (Greg Rosenke/Unsplash, modified by CoinDesk)
Consensus Magazine
Opinion
The Global Movement to Promote Crypto Tax Transparency — What You Need to Know
In Europe and the U.S., there are a host of initiatives placing new requirements on participants in digital asset markets to report on transactions and meet other new provisio...
globe held in someone's hand (Greg Rosenke/Unsplash, modified by CoinDesk)
By Erin Fennimore
Nov 15, 2023 at 3:58 p.m. UTC
Nov 15, 2023
OpinionTax Week 2023taxesEUMiCA
U.S. Treasury Building (Nikhilesh De/CoinDesk)
Consensus Magazine
Opinion
What the IRS Gets Wrong About DeFi and Crypto in Its Latest Tax Reporting Proposal
Given the negative impacts of the so-called "broker rule" for many non-custodial and open platforms, clear congressional authorization is required before the Treasury could ex...
U.S. Treasury Building (Nikhilesh De/CoinDesk)
By Marisa T. Coppel
Nov 14, 2023 at 4:26 p.m. UTC
Nov 14, 2023
OpinionTax Week 2023taxesBlockchain Association
Marisa Coppel, senior counsel at the Blockchain Association, advised Internal Revenue Service officials to narrow their crypto tax proposal. (Courtesy of the Blockchain Association)
Policy
Regulations
Crypto Tax Proposal Open for Revision, IRS Officials' Questions Suggest
Federal officials heard Monday from the industry on the mayhem the U.S. crypto tax proposal could cause, but the most valuable revelations may have been what they asked about.
Marisa Coppel, senior counsel at the Blockchain Association, advised Internal Revenue Service officials to narrow their crypto tax proposal. (Courtesy of the Blockchain Association)
By Jesse Hamilton
Nov 13, 2023 at 8:20 p.m. UTC
Nov 13, 2023
RegulationsInternal Revenue Servicetaxestax policyTreasuryCoinbase
(Alpha Rad/Unsplash)
Consensus Magazine
Opinion
What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?
As with the FTX fraud, it’s unclear how tax authorities are going to treat tax issues when there’s criminal activity involved.
(Alpha Rad/Unsplash)
By Daniel Kuhn
Nov 13, 2023 at 8:12 p.m. UTC
Nov 13, 2023
OpinionTax Week 2023taxesHacksExploits
The U.S. Internal Revenue Service has been poised to propose major tax rules for crypto. (Jesse Hamilton/CoinDesk)
Consensus Magazine
Opinion
IRS Proposed Rule on Digital Asset Broker Reporting Could Kill Crypto in America
The proposal creates unworkable requirements for decentralized finance in the U.S. and serves as an important cautionary tale.
The U.S. Internal Revenue Service has been poised to propose major tax rules for crypto. (Jesse Hamilton/CoinDesk)
By Sarah Milby
Sep 26, 2023 at 1:42 p.m. UTC
Sep 26, 2023
OpinionStaking week 2023IRStaxestop news
Sens. Ron Wyden (left) and Mike Crapo (Drew Angerer/Getty Images)
Policy
Regulations
Crypto Wants a De Minimis Tax Exemption in the U.S.
The industry weighed in on a Senate committee request for comment, hitting common themes.
Sens. Ron Wyden (left) and Mike Crapo (Drew Angerer/Getty Images)
By Nikhilesh De
Sep 19, 2023 at 5:30 p.m. UTC
Sep 19, 2023
RegulationsNewslettersState of Cryptotaxes
(Clay Banks/Unsplash)
Policy
Regulations
Tornado Cash Indictments May Prove to Be Just a Localized Storm After All
Fears of the case being the start of a new assault on the industry may be overblown.
(Clay Banks/Unsplash)
By Nikhilesh De
Aug 30, 2023 at 12:00 a.m. UTC
Aug 30, 2023
RegulationsNewslettersState of CryptoTornado CashSanctionsIRStaxes