Crypto Rules Delay Puts Billions in Tax Revenue at Risk

Democratic senators are pressing the Biden administration to speed up the release of regulations tied to a 2021 law.

• 2023-08-02
• Treasury Department President Biden tax rules CRYPTO investors

EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off

The landmark Markets in Crypto Assets regulation was given final approval by the EU’s Council, which also agreed a new law for sharing data on crypto tax holdings.

• 2023-05-16
• European Union anti-money laundering measures finance ministers tax rules Crypto Assets Elisabeth Svantesson Council Presidency

Death and crypto taxes: Which one inspires greater dread?

Filing taxes on crypto assets is a 'massive pain in the proverbial butt,' writes Don Gossen of Nevermined. As IRS deadlines loom large, how can responsible investors avoid underreporting or overpaying?

• 2023-03-24
• death and taxes tax rules crypto world Web3

U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms

A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine cryptocurrencies.

• 2023-03-10
• U.S. Treasury Department budget proposal digital asset excise tax Biden tax rules proposal crypto mining