Tax
South Korea Seizes $47M Worth of Crypto for Back Taxes: Report
Officials called it the largest "cryptocurrency seizure for back taxes in Korean history."
IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors
The IRS has outlined different ways that $32.3 million in additional funding will bolster the agency's crypto tax collection efforts.
Colorado Gov. Would Be 'Thrilled' to Offer Option to Pay Taxes in Crypto
Colorado Governor Jared Polis says he'd be thrilled to be the first state to offer his residents the option to pay taxes in cryptocurrency. He made the comments at Consensus 2021.
Indonesia Considers Levying Tax on Crypto Profits
The country is seeking to bolster revenue amid COVID-19.
Taxing Crypto Trading Gains ‘Inevitable,' Says South Korea Finance Minister: Report
Crypto traders’ gains will be subject to 20% tax on profits over 2.5 million won (~$2,250) from January 2022.
Seoul Seizes Tax Dodgers' Crypto From Exchanges: Report
The department has seized around 25 billion won ($22 million) in digital assets from 676 of the alleged tax evaders.
Bitcoin Leads Price Sell-Off Across Crypto Markets as Biden Tax Plan Bites
Bitcoin falls as Biden's plan to raise capital gains tax hurts risk appetite.
Kentucky Governor Signs Tax Breaks for Crypto Miners Into Law
The commonwealth wants to become a hub for energy-heavy businesses like crypto mining.
IRS Initiates ‘Operation Hidden Treasure’ to Root Out Unreported Crypto Income
“These transactions are not anonymous,” the IRS' national fraud counsel said. “We see you.”
Switzerland's 'Crypto Valley' Has Started Accepting Bitcoin, Ether for Tax Payments
Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.
