Crypto Tax News
Browse our articles to learn more about crypto tax news and the latest updates on regional crypto tax regulations.
5 US crypto tax myths busted
For Americans with money to invest, the crypto industry’s pace of development can be confusing. Whether hype or reality – and, often, it’s a bit of both – the stories we read online and the conversations we hold over the barbeque can leave us unsure of what to think,...
Why the quality of crypto transaction data matters
High-quality crypto transaction data covers the complete series of transactions in a given date range. You need all the data to accurately calculate an asset’s correct cost basis – and, ultimately, the profit you made on it.
Tax-loss harvesting: Cut your tax bill today
Why now? It is an ideal time to start thinking about tax-loss harvesting. The final countdown has begun, and 31 December 2022 can be seen waiting on the horizon. The rollercoaster of crypto has seen more downs than ups, and luckily, the chapter is coming to a close,...
Crypto Tax Evasion and Operation Hidden Treasure
What is Operation Hidden Treasure? Operation Hidden Treasure was introduced on March 5, 2021, by the IRS Director of the Office of Fraud. You may feel like the IRS is not always on your side, but you cannot argue their creative abilities in naming departments needs a...
Discover NFT’s: It’s not just a picture!
Everyone has heard about non-fungible tokens, or NFTs as they are better known. Celebrities like Eminem bought a Bored Ape NFT for half a million dollars. The mainstream media went viral and said they could take a screenshot and have the same thing. But is this the...
Your Guide to Crypto Tax in the UK
If you are residing in the UK, and trading with cryptocurrencies, you could be liable to pay crypto tax. The HM Revenue and Customs (HMRC) was one of the first tax offices worldwide to seize the lucrative revenue opportunity that United Kingdom (UK) crypto tax may...
Discover Crypto Tax in Switzerland
Under the Wealth Tax system… An employee receives crypto as a salary or part of a salary, this will be part of their taxable income…
Crypto assets as payment option
Crypto asset payments have all seen significant growth in recent years. Digital assets enable faster, more flexible, and more innovative payments and ways of doing business. In addition, retailers, individuals, and businesses are increasingly accepting crypto assets...
Discover Crypto Tax in Australia
Crypto Tax in Australia is a very hot topic as Australia is one of the countries in the world with a high crypto ownership rate. According to a survey released by Finder, the country ranks 3rd out of 27 countries, with 22,9% of Australians owning crypto. As the number...
What is DeFi?
What is DeFi? Decentralised finance, better known as DeFi, is essentially the entire financial world behind crypto. As we speak, developers are recreating fundamental financial institutions and replacing old ways and old systems. It is hard to understand and imagine...