Tax


Videos

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 the crypto industry as well as the security and privacy of users. He explains how Coin Center thinks the IRS should accomplish its aims, and why that would even work for collecting taxes on DeFi gains.

Unchained

Policy

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.

U.S. Rep. Patrick McHenry got tied up as temporary Speaker of the House, distracting him from crypto legislation. (Jesse Hamilton/CoinDesk)

Policy

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.

Australia's government is taking a deliberate approach toward creating crypto laws. (Unsplash)

Policy

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.)

Policy

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 transactions offshore, a new study found.

New Delhi, India (Unsplash)

Finance

Crypto Tax Platform Blockpit Buys Rival Accointing From Glassnode

The "multi-million dollar" acquisition gives Austria-based Blockpit a footprint in the U.K.

Tax

Policy

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.

European regulators will focus more on banks' exposure to crypto-linked entities. (Christian Lue/Unsplash)

Policy

South Koreans Hold $99B of Digital Assets Overseas: Tax Service

The crypto held abroad accounts for about 70% of all assets held outside the country.

(Daniel Bernard/ Unsplash)

CoinDesk Indices

Why Wealth Managers Are Choosing These Crypto Accounts

Separately managed accounts have seen explosive growth in TradFi, and there are benefits in crypto, too.

(Adeolu Eletu/Unsplash)