U.S. Lawmakers continue to advance digital asset regulations as the Senate moves closer to introducing dedicated cryptocurrency tax legislation. Senator Steve Daines revealed that Republican senators had already developed the framework. During an interview with Bloomberg Tax, Sen. Steve Daines said, “sooner rather than later”. He also said, “We’ve put
The CEO of Coinbase, Brian Armstrong, severely criticized the upcoming Illinois’ crypto tax law, noting that it could be detrimental to blockchain innovation and employment. Specifically, Armstrong noted that such legislation could force blockchain innovation away from Illinois, creating extra complications for those who develop products based on blockchain technology.
The 2026 Budget for the Union in India retains the same tax treatment for cryptocurrencies, no exemptions or changes, and increases penalties for non-reporting of virtual digital assets. In the Finance Bill introduced by Finance Minister Nirmala Sitharaman, new provisions under Section 509 of the Income-tax Act, 2025, are introduced.
Nigeria has now officially started tracking crypto transactions by linking the people’s tax IDs. This is the part of the Nigeria Tax Administration Act 2025, which took effect along with the global crypto tax 2026. This means now crypto is no longer informal, and it has come under the government
DIAN, Colombia’s national tax agency, has ordered Crypto exchanges and platforms to start collecting and reporting user data for Bitcoin, Ethereum, stablecoins, and other cryptocurrencies. On December 24, 2025, the rule was issued under Resolution 000240, and the reporting will apply from 2026. Exchanges Required to Disclose User Identities and
DAC8 is a new EU tax rule that started on January 1, 2026. It expands how cryptocurrency activities are reported to tax authorities across the European Union. Its main goal is tax transparency, and for the people who are living in the EU, this is a major turning point for
Fireblocks, which is a large Crypto Infrastructure Platform, agreed to buy TRES for $130 million. Their goal is to help the large Companies and Financial institutions handle Crypto taxes, Accounting and Audits more easily and to become a Complete Operating System for managing digital assets on the chain. The Complete
Crypto investors across 48 countries will soon face a major shift in tax transparency as authorities begin collecting detailed crypto transaction data ahead of the global rollout of the Crypto-Asset Reporting Framework (CARF) in 2027. Although CARF officially takes effect in 2027, crypto service providers in participating jurisdictions must begin
In 2025, some crpto tax free countries make it easy for crypto people to keep their profits without paying taxes. Places like the Cayman Islands, UAE, El Salvador, Germany, and Portugal are top spots for tax free crypto. Each has its own rules, like living there or holding coins for
India’s Finance Ministry has confirmed that the existing 30% tax on crypto gains will remain in place, with no short-term plan to approve Bitcoin or crypto Exchange-Traded Funds (ETFs). This sends hopes of regulations that are friendly towards crypto into jeopardy, in spite of the country’s growing interest in digital
