CBDCs
Spanish central bank approves digital Euro token EURM
Monei to issue El Banco de España digital currency pilot to last up to 12 months.
Liam 'Akiba' Wright 3 min read Taxes News
Read crypto tax news, reporting rules, compliance guidance, audits, and policy changes affecting digital asset holders and businesses.
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Liam 'Akiba' Wright 3 min read 
Exchanges
Korean tax authorities investigate Bithumb, subsidiaries
The National Tax Service opened a "special tax investigation" into Bithumb, including the individual Kang Jong-hyeon, who is alleged to be the company owner.
Exchanges
India’s crypto tax could cause CEXs to lose $1.2T trading volume by 2026
In the 9 months following India's 30% crypto tax levy, exchanges cumulatively lost $3.85 billion in trading volume to foreign counterparts.
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Taxes
Italians to pay 26% crypto gains tax from 2023
Crypto trading gains are subject to the 26% Italian tax rate once they exceed 2,000 euros per tax period.
Regulation
The Majilis approve new crypto regulation bill in Kazakhstan
The Majilis have approved the new bill governing the regulation of crypto assets alongside four other crypto mining regulation bills in Kazakhstan.
Adoption
Op-ed: Is SBF a superhero, villain or simply misunderstood by the crypto community?
SBF has been the topic of discussion regarding regulation recently. He recently spoke directly about his views with Erik Voorhees on a Bankless livestream to expand on his position of a 'light touch' regulatory framework
Taxes
Costa Rican congresswoman proposes bill to regulate, recognize cryptocurrency
Costa Rican Congresswoman Johana Obando proposed a crypto-friendly bill, titled "Cryptoassets Market Law (MECA)," to regulate and exempt crypto tax profits generated from mining activities.
CBDCs
Australia confirms crypto transactions will be subject to capital gains tax
In the budget papers released on Oct. 25, the Australian government clarified that all cryptocurrency investors will be subject to a crypto gains tax on profits they made through selling or trading through a centralized exchange.
Taxes
US tax watchdog classifies NFT as digital assets for tax purposes
NFT investors must report all taxable NFT incomes for the 2022 tax year as the IRS now considers NFTs digital assets like cryptocurrencies.
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Taxes
Portugal will implement 28% tax on crypto in 2023
Banking
IRS secures court approval to probe records of M.Y. Safra Bank, SFOX users over failure to report taxes
Taxes
UK should lower crypto tax rate to encourage growth – MP Matt Hancock
Taxes