Tax

UK United Kingdom British England Flag (Unsplash)
UK to Hit Crypto Users With Penalties for Unpaid Taxes
The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings.
UK United Kingdom British England Flag (Unsplash)

cemetary (image by John Thomas on Unsplash, modified by CoinDesk)
1 Way to Revive Dead NFT Wallets
Artist and legal scholar Brian Frye says inaccessible crypto tokens cannot be sold, but can be donated — with potentially significant tax benefits.
cemetary (image by John Thomas on Unsplash, modified by CoinDesk)

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

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

Parliament house, Canberra, Australia. (Unsplash)
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.
Parliament house, Canberra, Australia. (Unsplash)

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.)
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.
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.)

New Delhi, India (Unsplash)
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...
New Delhi, India (Unsplash)

(Shutterstock)
Crypto Tax Platform Blockpit Buys Rival Accointing From Glassnode
The "multi-million dollar" acquisition gives Austria-based Blockpit a footprint in the U.K.
(Shutterstock)

The EU flag (Christian Lue/Unsplash)
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.
The EU flag (Christian Lue/Unsplash)

MaiCoin's Office in Taipei (MaiCoin)
Taiwanese Crypto Trader's 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery
Sometimes, being tax-compliant pays off.
MaiCoin's Office in Taipei (MaiCoin)