UK to Defer Capital Gains Tax on DeFi Lending, Liquidity Pool Deposits
In brief HMRC has announced that depositing crypto into DeFi lending protocols and liquidity pools will be treated as “no gain, no loss,” deferring capital...
Tag : tax
India crypto tax filings lag trading activity: Report
India’s tax department reportedly found widespread gaps in crypto tax reporting, warning that offshore exchanges, private wallets and peer-to-peer (P2P) trades are making crypto activity...
India’s RBI renews anti crypto stance as tax reporting concerns persist
India’s central bank has renewed its recommendation for a cryptocurrency policy leaning toward prohibition, while tax authorities have warned that offshore trading continues to make...
South Africa proposes crypto tax guidance under existing rules
South Africa’s Revenue Service has published draft guidance on how crypto assets should be taxed under the country’s current tax laws. The proposal seeks public...
South Africa proposes crypto tax rules under existing tax framework
South Africa’s tax authority has proposed new rules that clarify how crypto assets are taxed under existing income and capital gains tax frameworks. The South...
Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets
In brief Kalshi sued Illinois after the state created a 15% tax on revenue from sports-related prediction market wagers. The tax is set to go...
Crypto lobby urges Congress pass staking and mining tax bill as is
A group of crypto lobbying organizations has urged Congress to pass a bill on crypto staking and mining taxes without changes, saying it would provide...
Crypto Industry Urges Congress to Pass Tax Bill—But Will It Happen This Year?
In brief Crypto industry groups urged Congress to pass a tax bill exempting mining and staking rewards from taxable income. House Democrats are skeptical, arguing...
Kleros Founder’s ETH Tax Proposal Puts Bitmine’s $258M Revenue at Risk
A tax proposal posted to the Ethereum Research forum by Kleros founder Clément Lesaege would let ETH validators vote to redirect up to 10% of...
What is MEV? Maximal Extractable Value, the invisible tax on crypto
Every time you trade on-chain, an invisible competition decides the order of transactions in the next block, and whoever controls that order can extract value...