Japan's top financial official is cautious about the idea of his nation changing how it taxes gains from cryptocurrencies.
South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.
Tencent is working with a local tax authority on fintech solutions to tax issues, and already has a blockchain product for invoicing.
India could soon impose goods and services tax (GST) on many digital currency transactions, a report indicates.
France is about to offer relief to amateur cryptocurrency investors, after a ruling by the country's Council of State.
Like elsewhere in crypto taxation, the rules for funds are far from straightforward, and discrepancies may lead to non-intuitive outcomes.
Tax pros in the cryptocurrency space are applying a hodgepodge of rules that historically have been applied to stocks, bonds and various other assets.
There is little guidance from the IRS on how to treat a token offering or SAFT for tax purposes. Determining how to do so is a fact-intensive process.
Crypto holders willing to take a risk can file an extension, pay their taxes in installments with penalties and interest, and possibly come out ahead.
The ways governments tax cryptocurrency users may be unjust and due for reform, but simply ignoring the law for this reason is a dicey…