Read crypto tax news, reporting rules, compliance guidance, audits, and policy changes affecting digital asset holders and businesses.
The country discussed the necessity of reducing the tax requirements on crypto initiatives to prevent start-ups from leaving Japan.
Zeynep Geylan 3 min read 
South Korea's President Yoon Suk-yeol has delayed the levy of capital gains on crypto profits, but crypto airdrops are subject to a gift tax of up to 50% under current tax laws as the tokens are received for free.
The lobbying groups are planning to ask the government to make crypto issuing and holding cheaper to prevent talented individuals from leaving the country.
Senators Toomey and Sinema want to make cryptocurrency transactions more integral with the lives of everyday Americans by exempting qualifying payments from capital gains tax.
In order to be prepared for this change, you need to know what exactly is coming quickly down the road for crypto exchanges and wallets, what kind of reporting will be required of you, and why it might not be a good idea to build those capabilities in-house.
Minister of State for Finance Pankaj Chaudhary knocked back calls to reduce taxes, saying the central bank wants to discourage participation.
Government officials tied their decision to postpone the crypto tax to the stagnant market condition and the lack of an investor protection system.
Kazakhstan takes another step in its combat with crypto miners by imposing differentiated tax rates on crypto mining, including miners using renewable energy sources.
Belgium's financial regulator has laid out step-by-step guidelines to determine which cryptocurrencies are subject to existing regulations.
