The crypto tax man is calling in the UK
The UK gov’t wants to know how many times a crypto asset has been transacted, how much it cost, what exchanges were used, and any profits.
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UK families face huge tax bills for locked crypto left by dead traders
The UK’s 40% tax rate means that £100,000 in inherited crypto could still incur a £40,000 bill, even if bereaved families can never spend it.
IMF warns crypto threatens tax collection
An IMF working paper highlights how the pseudonymous nature of cryptocurrency presents problems for tax collection.
Panama’s crypto law nixes cap gains, stops short of legal tender
The Panamanian Legislative Assembly has unanimously passed a bill recognizing digital assets as foreign-source income in a 40-0 vote.
Thailand backs down to crypto backlash, won’t tax transactions at 15%
After pushback from local industry insiders, Thailand has dropped its plans for a 15% crypto tax that would’ve penalized traders.
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