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The directive, which is expected to be approved and implemented by January 2026, will enable authorities in Spain to exchange data on cryptocurrency assets held on international exchanges. Similarly, the Spanish tax agency will be able to seize these assets to collect payment for tax debts. Spain Introduces Law to Strengthen Cryptocurrency Tax Oversight Spain … Read more
Amid a public debate regarding an executive order that increases the current tax on financial transactions, Brazil is considering taxing crypto transactions to mitigate the impact of the increase, which would affect a larger audience. Brazil Mulls Cryptocurrency Transaction Tax Cryptocurrency transactions are now in the spotlight in Brazil, becoming a key element in the … Read more
The Argentine government announced a series of tax and import rate cuts affecting electronic devices and mobile phones. Manuel Adorni, the spokesperson for President Milei’s administration, announced that the import tariff for mobile phones will be slashed from 16% to 0, democratizing access to these devices. The reduction will be done in two waves: the … Read more
Senators push Treasury to shield U.S. crypto firms from devastating tax on unrealized gains, warning of risk to digital asset leadership. Treasury Pressured to Act Fast as Unrealized Crypto Gains Face Tax Storm U.S. Senator Cynthia Lummis (R-WY) and Senator Bernie Moreno (R-OH) are calling on the U.S. Department of the Treasury to act swiftly … Read more
Polymarket bettors currently place a 56% probability on U.S. President Donald Trump abolishing the long-term capital gains tax in 2025. Though Trump has yet to address the matter directly, policy documents aligned with his agenda—as well as proposals from right-leaning think tanks—have consistently championed a dramatic reduction of the capital gains tax. Trump Tax Twist? … Read more
U.S. President Donald Trump is reaffirming his commitment to tariffs, emphasizing that this approach could lead Americans who pay income tax to witness their taxes “substantially reduced, maybe even completely eliminated.” ‘External Revenue Service’ Incoming: Trump Eyes Elimination of Income Taxes Trump maintains that as tariff revenues accumulate, income taxes for American citizens could either … Read more
Slovenia has proposed a 25% tax on crypto profits and derivatives, signaling a seismic shift toward uniform digital asset regulation. Slovenia Targets Crypto Profits With Brutal 25% Tax Slovenia’s Ministry of Finance released a draft bill Thursday in Ljubljana proposing a 25% tax on profits from crypto asset disposals, opening the measure to public discussion … Read more
Russia now requires crypto miners to report earnings by the 20th of the following month, tightening oversight and restricting mining to approved entities while barring financial crime offenders. Russia Demands Crypto Miners Report Earnings—New Law Reshapes Industry Russia’s Federal Tax Service (FNS) revealed on Feb. 3 that taxpayers involved in digital currency mining now have … Read more
The downturn in the cryptocurrency market has been severe, with Bitcoin and Ether taking the biggest hits. Over the past 24 hours, Bitcoin fell to $92,580, its lowest level in three weeks, and Ether totally collapsed, giving up nearly 24% of its value and tumbling down to $2,326—the lowest level for Ether since way back … Read more
Elon Musk says the U.S. tax code is torturing Americans, demanding an urgent reset while slamming wasteful government spending and pushing for massive federal budget cuts. Elon Musk Slams US Tax Code as Torture Tesla and Spacex CEO Elon Musk is pushing for a complete revamp of the U.S. tax structure, arguing that existing policies … Read more
