Taxes – DIGIT INFO

Crypto lobby urges Congress pass staking and mining tax bill as is

DIGIT — Tue, 23 Jun 2026 05:18:48 +0000

A trio of crypto lobby groups says a bill allowing staking and mining rewards to be taxed when they’re sold should be passed without further amendments.

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Illinois governor approves crypto transaction tax despite industry uproar

DIGIT — Wed, 17 Jun 2026 04:49:34 +0000

“There is effectively no comparable state financial transaction tax on stocks, bonds or derivatives anywhere in the country,” said a16z general counsel Miles Jennings.

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Congress Examines 8 Crypto Tax Proposals as $2T Market Faces Compliance Burden

DIGIT — Sun, 14 Jun 2026 18:33:49 +0000

House tax lawmakers reviewed eight digital asset tax proposals seeking clearer rules for crypto payments, mining, staking, donations, and compliance. The measures aim to reduce paperwork for digital asset users while establishing clearer tax treatment for key activities across the sector. House Tax Panel Reviews Eight Digital Asset Tax Proposals The House Ways and Means […]

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Crypto Holders Avoid Israel’s Tax Program, Exposing Just $50.7M of Hidden Capital

DIGIT — Thu, 04 Jun 2026 09:30:23 +0000

Israel’s latest voluntary disclosure program is drawing little participation from crypto holders, with new data showing that only a small share of undeclared digital‑asset wealth is being reported. Broad Underperformance Across All Assets Israel’s push to surface undeclared cryptocurrency holdings is falling far short of expectations, with new data showing that taxpayers are largely avoiding […]

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Kenyan Official Rejects New Crypto Tax Claims as Nairobi Tightens Virtual Asset Rules

DIGIT — Wed, 27 May 2026 05:30:53 +0000

Kenyan Treasury Cabinet Secretary John Mbadi dismissed widespread rumors that the Finance Bill 2026 introduces new taxes on cryptocurrency transactions. Clarifications on Digital Content and Bread Taxes In a bid to quell growing public anxiety, Kenyan Treasury Cabinet Secretary John Mbadi has dismissed reports that the government is imposing fresh tax levies on cryptocurrency transactions. […]

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South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January

DIGIT — Thu, 07 May 2026 16:40:05 +0000

The Ministry of Economy and Finance has officially confirmed that South Korea will begin taxing virtual assets starting January 2027. Official Stance on Implementation Timeline A top South Korean finance official reportedly confirmed that the government intends to begin taxing virtual assets in January as originally scheduled, marking the first time the Ministry of Economy […]

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Japan’s Crypto Tax Win: What You Need to Know About the 2028 Timeline

DIGIT — Tue, 07 Apr 2026 06:30:05 +0000

Japan is moving from a punitive miscellaneous income tax of up to 55% to a flat 20.315% separate taxation regime, aligning crypto with traditional stocks. The reform introduces a three-year loss carryforward, allowing traders to offset gains against past losses, a major step toward treating crypto as a standard financial instrument. Key Takeaways: On March […]

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India Issues Tax Notices to Crypto Traders Over Unreported Activity From Earlier Years

DIGIT — Tue, 07 Apr 2026 01:30:44 +0000

India is intensifying scrutiny of cryptocurrency activity as tax authorities flag system-estimated income that may not reflect actual profits, issuing reassessment notices that could reopen past filings and pressure traders to justify discrepancies. Key Takeaways: India is issuing Section 148A notices that can reopen past crypto filings for review. Systems may flag estimated income that […]

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Japan Moves to Expand Crypto Compliance Regime as Tax Surveillance Enters Cross-Border Era

DIGIT — Fri, 03 Apr 2026 19:30:46 +0000

Japan is moving deeper into the compliance phase of crypto regulation, and the latest push is less about approving new products or licensing exchanges than about making digital asset activity harder to hide from tax authorities. Japan officials expand crypto tax and compliance regime in new push for clarity New guidance and documentation published by […]

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Crypto Tax Confusion Deepens as US Investors Struggle With Cost Basis and Reporting Duties

DIGIT — Mon, 30 Mar 2026 17:33:41 +0000

Crypto tax confusion persists despite widespread adoption, with most U.S. investors aware of obligations but struggling to execute accurately as new reporting rules and portfolio complexity widen compliance gaps across digital asset markets. Data Reveals Crypto Tax Chaos as Investors Face Costly Errors Rising participation in digital assets has exposed a gap between compliance intent […]

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