crypto tax

The legislative initiative fills previous legal voids and strategically places Britain at the forefront of the global crypto race. By legally recognizing these assets, the UK aims to solidify its leadership in the digital assets sector. UK Moves Towards Clear Crypto Regulations Previously, the absence of explicit recognition for digital …

Fireblocks’ tech will help Binance.US scale up staking services for its relatively long list of staked crypto tokens. Earlier this year, the SEC told Binance.US to be more forthcoming in answering requests for information, specifically mentioning custody of customers’ assets. Why Proof-of-Stake Works Like a ‘Pawn Shop’: 5 Questions With …

Nansen bought StakeWithUs to add token staking in its first foray outside the provision of data for cryptocurrency traders. The purchase of the platform backed by the Singapore government’s SGinnovate program cost more than $1 million. Why Proof-of-Stake Works Like a ‘Pawn Shop’: 5 Questions With Nansen’s Nik Polk Staking …

As regulatory frameworks strengthen across the region, exchanges like OKX are seizing new opportunities. At the same time, India is rethinking its stance on global platforms, and Japan is moving toward more favorable tax treatment for crypto investors. OKX Secures Key License for Singapore Expansion On September 5, OKX, one …

New Zealand plans to put in place the Organisation for Economic Co-operation and Development’s crypto reporting framework by April 2026. The measures are meant to help ensure firms provide tax information on transactions in crypto-assets to prevent tax evasion. New Zealand plans to have the Organisation for Economic Co-operation and …

Indian crypto exchange WazirX said it will end the suspension of rupee withdrawals starting on Aug. 26. The withdrawals ban was put in place after last month’s $230 million exploit. Users will be able to take out up to 66% of their funds in two phases. Kamala Harris Meme Coin …

Key developments in India, Thailand, Japan, Hong Kong, and Indonesia highlight a collective move toward a more structured approach to digital assets, with each country overcoming its unique challenges and opportunities. Tax Tensions: Binance Hit with $86 Million Demand in India India’s Directorate General of GST Intelligence (DCGI) has issued …

The IRS’s decision to streamline the 1099-DA form is part of a broader effort to modernize and simplify the reporting of digital asset transactions. IRS Commissioner Highlights Clarity and Compliance in Revised Crypto Tax Form The initiative to eliminate the need for wallet addresses and transaction IDs is particularly important. …

U.S. tax authorities have unveiled a revised form for crypto investors, with the aim of simplifying digital asset holders’ taxes.  The 1099-DA, released as a draft on Friday, offers more “ease and clarity” to tax filers with crypto investments, the IRS said Friday in a statement. The revamped form omits …

The new U.S. tax form for crypto investors’ brokerage accounts is out, and it’s been narrowed in significant ways from an earlier version. Crypto’s 1099 form will “bring more ease and clarity” for those paying U.S. crypto taxes, according to IRS officials. The U.S. Internal Revenue Service (IRS) has released …