17 | Latest Cryptocurrency News, Bitcoin & Crypto Updates 2026

NFT Tax & ‘Practical Difficulties’ with Crypto Tax In Spotlight In S Korea

South Korean MPs have spoken yet again about the need to tax the non-fungible token (NFT) sector, while the government is being best on all sides by challenges from MPs opposed to its controversial tax plans.As reported earlier this week, the Finance Minister and Deputy Prime Minister Hong Nam-ki...

, by Tim Alper

Seoul to Hold Firm on Crypto Tax Launch, Suggests NFT Tax May Follow

The South Korean government is set to push ahead with its plans to roll out crypto tax in 2022 and could go on to tax non-fungible tokens (NFTs). Moreover, Seoul looks to be unshakable in its hardline policies, despite public pushback – while experts are warning USD 3.1bn worth of crypto is...

, by Tim Alper

Pandora Papers Expose How World Elite Uses Legacy Finance To Hide Fortunes

The latest global investigative effort spearheaded by the International Consortium of Investigative Journalists (ICIJ) - dubbed the Pandora Papers - has exposed how the world elite is using offshore structures and trusts in tax havens such as Panama, Dubai, Monaco, Switzerland, and the Cayman...

, by Jaroslaw Adamowski

Central Banks Should Allow Salaries, Social Transfers to be Paid in CBDCs – BIS

The Bank for International Settlements (BIS) and seven central banks propose to incentivize consumers to use central bank digital currencies (CBDCs) by enabling social transfers and payments of salaries through these digital currencies.In a report, the banks claim that CBDCs could best meet...

, by Jaroslaw Adamowski

US Crypto Tax Loss Harvesters Make Hay While the Sun Shines – But the Clock’s Ticking

American crypto investors are taking advantage of two key “tax loss harvesting” loopholes, but experts have warned that lawmakers are wise to them – and are already seeking to close them before the year is out.As previously reported, a number of Democrat Congress members have...

, by Tim Alper

South Korean Taxman to Be Granted Right to Search Crypto Tax Evaders’ Homes

Things are going from bad to worse for South Korean crypto investors. Fresh from seeing their crypto exchange options shrivel to just four, heavily audited platforms on Friday, they are now being told that if they seek to sidestep crypto trading profits reporting protocols, their coins could be...

, by Tim Alper

Most Surveyed South Koreans Want the Government to Tax Crypto

The majority of surveyed South Koreans support the introduction of crypto taxes, although the minority that is opposed to the measure may still hold important political cards.Per the Hankook Ilbo, the survey found that just over 33% of those questioned said they were actually opposed to the...

, by Tim Alper

South Korean Ruling Party Squabbles over Crypto Tax

South Korea’s ruling party is at loggerheads over the thorny issue of crypto tax. The government could even face a backbench revolt as parts of the party want to delay or amend incoming tax laws.As previously reported, the National Assembly has already green-lighted a change to the existing...

, by Tim Alper

Uruguay Regulator Suggests that Crypto-Real Estate ‘Exchanges’ Are Possible

A Uruguayan financial regulator has issued an ambivalent statement in answer to a question about how it views property sales for crypto – hinting that under the right circumstances, it could allow such moves to go ahead.Per El Observador, the Montevideo-based notary Pérez del Castillo...

, by Tim Alper

Authorities Seize USD 5.2m in Crypto from ‘Tax Dodgers’

A provincial branch of the South Korean tax body has returned to the warpath, seizing over UD 5.2m worth of crypto from 1,661 companies and taxpayers who it suspects of under-reporting earnings and seeking to conceal funds by making unreported cash for crypto purchases.Tax officers have conducted a...

, by Tim Alper

Politicians Want USD 16B More From US Cryptofolk, But S Korea Sees Better News

Democratic Party members on opposite sides of the world could be set to push for crypto regulatory change – but while in South Korea, crypto communities could see their crypto tax threshold raised, in the USA, politicians want to wring several billion dollars out of crypto holders.American...

, by Tim Alper

Institutional Crypto Flows, El Salvador’s Tax-Free BTC Profit + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.____Investments newsDigital asset investment products saw inflows totaling USD 57m last week, posting their 4th week of inflows,...

, by Fredrik Vold

IRS Sends Undercover Agent to Bust Criminals on Crypto Marketplace

The US Internal Revenue Service (IRS) is going to great lengths to track down criminals who use cryptocurrencies in dark web drug sales, deploying an undercover agent to work on peer-to-peer (P2P) marketplace LocalCryptos.com.The platform presents itself as a P2P bitcoin (BTC) and ethereum (ETH)...

, by Jaroslaw Adamowski

Canadian Tax Agency Launches Audit To Thwart Crypto Tax Evasion

The Canada Revenue Agency (CRA) is increasingly targeting crypto traders who have not yet reported their profits from transactions as part of a large scale audit implemented by the tax agency’s Cryptocurrency Section.The crackdown was signaled by Norman MacDonald, head of tax litigation at...

, by Jaroslaw Adamowski

Biden’s Administration Pushes For ‘Last-Minute’ Crypto Additions In Infra Bill

US President Joe Biden’s administration is urging Democrats to include more rules on tax compliance for crypto transactions in the forthcoming USD 3.5tn budget reconciliation package. This comes after the Senate-passed infrastructure bill that extends the definition of "broker" and related...

, by Jaroslaw Adamowski

Pay Tax on Your Bitcoin Profits or Face Punishment, Mexican Auditor Warns

An auditor has warned that Mexicans must pay tax on bitcoin (BTC) and altcoin trading profits – or run the risk of becoming earmarked as money-laundering offenders.Per the news agency EFE, via El Nacional, Fidel Ortiz, the director-general of the accountancy FIXAT, claimed that BTC investment...

, by Tim Alper

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