Global #crypto tax

The Canada Revenue Agency (CRA) is escalating its efforts to enforce crypto tax compliance, as evidenced by a court order requiring Dapper Labs to provide data on 2,500 users.

The UK’s HM Revenue and Customs (HMRC) is implementing a new regulation that will require crypto exchanges to report detailed transaction data for all UK customers, starting with data collection in January 2026. The first reports to HMRC will be due in 2027.

The Spanish Sumar Parliamentary Group has put forward three amendments to existing crypto tax laws, which, if approved, would significantly increase the tax burden on profits from cryptocurrencies like Bitcoin and Ethereum.

Japan is taking a significant step toward integrating cryptocurrencies into its financial system. The Financial Services Agency (FSA) is preparing a major reform package that would change how digital assets are taxed and regulated.

South Korea is solidifying its position as a leading global crypto hub by proactively developing a comprehensive and robust regulatory framework for digital assets.

The National Tax Service (NTS) of South Korea has officially announced that its residents are now required to declare virtual assets received as compensation from overseas entities as part of their comprehensive income.

Thailand has rolled out a comprehensive series of cryptocurrency reforms in 2025, aimed at strengthening customer protection, fostering innovation, and accelerating economic growth.

Italy is solidifying its position in the global cryptocurrency landscape by establishing a comprehensive regulatory framework, largely driven by the European Union's (EU) Markets in Crypto Assets Regulation (MiCAR) standards.

U.S. Senator Cynthia Lummis (R-WY), a long-time advocate for digital asset innovation, is preparing to introduce a key amendment to the forthcoming “One Big Beautiful Bill,” aimed at easing tax burdens for cryptocurrency users — particularly those involved in mining and staking activities.

The Internal Revenue Service (IRS) has issued a temporary relief measure to address potential tax complications for cryptocurrency holders using centralized finance (CeFi) brokers in 2025.

The South Korean cryptocurrency sector has suffered a significant setback following the declaration of martial law in early December.

South Korean lawmakers remain deeply divided over the implementation of a crypto tax law that is set to take effect on January 1, 2025.