Read crypto tax news, reporting rules, compliance guidance, audits, and policy changes affecting digital asset holders and businesses.
Koinly integrates Terra to provide easier reporting of cryptocurrency Luna, adding it’s long list of cryptocurrencies.
Lisa Gibbons 3 min read 
Although filing returns went smoothly this season, the IRS caught many new crypto owners by surprise after mandating them to include digital asset purchases and sales in their filings.
Crypto trading volumes soared on March 31 as crypto holders scrambled to close any open positions before the new tax regime took effect on April 1.
Crypto stakeholders are predicting that the 1% tax on every transaction will affect liquidity within the sector.
Indonesia will impose a 0.1% Value Added Tax that will be deductible at the source on all crypto transactions in the country.
The Treasury's new proposal suggests that offshore crypto accounts with more than $50,000 should be reported to the IRS.
US Treasury Department is specifically targeting the crypto industry because it can be used to evade taxes.
...and it plans on addressing every pain point of the industry.
Kazakhstan continues its "decisive action against gray mining.”
