Regulation
Biden calls for end to tax loopholes that benefit ‘wealthy crypto investors’
The President cast those opposed to his tax plan as "MAGA Republicans."
Mike Dalton 1 min read 
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Read crypto tax news, reporting rules, compliance guidance, audits, and policy changes affecting digital asset holders and businesses.
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Adoption
President Bukele eliminates all taxes on tech innovations
El Salvador's Innovation and Technology Manufacturing Incentives Act is another step towards achieving financial hub status.
Regulation
Kenya introduces 1.5% tax to crypto companies
Foreign crypto exchanges in Kenya are now expected to pay a 1.5% duty on commissions they receive from facilitating crypto trades.
More Taxes News & Analysis
Taxes
Op-ed: Even free crypto is taxable – what to look out for this tax season
Unravel the hidden tax obligations of crypto airdrops in this eye-opening op-ed. Delve into fair market value complexities, DeFi yield challenges, and the significance of expert advice to ensure IRS compliance amidst this evolving landscape.
Taxes
New feature by H&R Block, CoinTracker automatically adds taxes for crypto trades
The integration will enable crypto users to benefit from H&R Block's tax preparation services while using CoinTracker's specialized software.
Mining
Biden budget proposal aims to reduce deficit by $74M in 2024 via energy tax on crypto miners
The tax on energy use aims to reduce the country's deficit by billions of dollars.
Taxes
Biden to propose changing crypto tax rules: WSJ
The change is expected to prevent wash trading and raise $24 billion.
Legal
German court denies crypto owner’s attempt to claim $3.6 million as ‘data set’
The Federal Fiscal Court (BFH) announced that a private crypto investor from Cologne must pay tax on his crypto gains.
Adoption
Historic legacy bank enables Brazilians to pay taxes using crypto
Banco do Brasil has partnered with Bitfy so users can pay taxes with cryptocurrencies as easily as paying for a ticket by scanning a barcode.
