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.