France’s National Assembly Finance Committee approved proposals this week to tax swaps into fiat-pegged stablecoins and extend the country’s exit …
Tax
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Web3 Expansion
Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets
by adminby adminIn brief Kalshi sued Illinois after the state created a 15% tax on revenue from sports-related prediction market wagers. The …
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Trading Analysis
Illinois Crypto Tax Draws Industry Fire After Pritzker Signs Budget Package
by adminby adminIllinois has opened a new front in state-level crypto regulation after Governor J.B. Pritzker signed a budget package containing the …
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In brief A House hearing exposed divisions over six GOP crypto tax bills. Democrats questioned exempting staking and mining rewards …
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The House Ways and Means Committee circulated seven draft bills ahead of this week’s hearing on crypto tax policy, signaling …
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Blockchain Ecosystem
Bitcoin tax panic is rising because the IRS can see your crypto sales — and you may have to prove what you paid
by adminby adminAt 7:12 a.m. on a random Tuesday in February, an email lands with a subject line that looks harmless enough: …
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The Netherlands plans to tax unrealized capital gains on a range of investments, including stocks, bonds and cryptocurrencies, sparking warnings …
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Blockchain Ecosystem
Banks are lobbying to kill crypto rewards to protect a hidden $1,400 “tax” on every household
by adminby adminBanks are fighting stablecoin rewards to protect a secret $360 billion revenue machine. When Coinbase chief policy officer Faryar Shirzad …
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Crypto billionaires are threatening to leave the state of California after a prominent trade union proposed a 5% assets tax …
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Altcoin Insights
White House Moves to Tax Foreign Crypto Holdings as Dormant Wallets Move 4,668 BTC
by adminby adminKey Notes Long-dormant Bitcoin wallets reactivated, releasing $500 million worth of BTC into already weakened market conditions. The Treasury Department’s …