SARS to Audit 6 Million Crypto Users in Tax Sweep
The South African Revenue Service is leaning on data-sharing pacts with global exchanges to chase down unreported crypto gains across a retail-heavy market.
Every Zipp story tagged #CryptoTax, newest first.
The South African Revenue Service is leaning on data-sharing pacts with global exchanges to chase down unreported crypto gains across a retail-heavy market.
A 0.2% transaction levy due to take effect in January 2027 drew the ire of the federal derivatives chief, framing the state-level move as friction the industry will route around.
The proposal creates a federal carve-out for validation rewards and a micro-payment threshold, a structural cushion the post-halve mining economy and a reawakening US policy push both lean on.
A formal draft from Senate Banking would end years of piecemeal IRS guidance, replacing it with statutory rules on custody, DeFi, and reporting that the industry has lobbied for since 2022.
The levy hits every wallet move — not just sales — under SB3019, setting a precedent that, if it survives, could ripple into how other states and asset classes treat personal property.
The per-transaction levy lands on exchanges, wallet-to-wallet moves, and custody — a structural drag on retail activity in a state that already ranks among the larger US crypto markets.
The state sidesteps the federal capital-gains framework entirely — a per-transaction levy that hits rebalances, wallet moves, and DeFi swaps the same way it hits a profitable sale.
Pritzker signed the levy into law days after the crypto industry spent $10M backing the opposing candidate in the state's Democratic primary; with the legislature out of session, the most realistic…
Taking effect in 2027, the levy applies to every Bitcoin and crypto transaction — a structural drag critics say will push digital asset activity out of state.
The levy doesn't touch peer-to-peer transfers directly — but it taxes buying, holding, and storing digital assets alike, and a16z's Miles Jennings warns it could drive builders out of the state.
Congress and the federal financial regulators cranked the crypto policy machinery into a higher gear last week: the…
India's Income Tax Department has issued more than 44,000 notices tied to virtual digital asset (VDA) gains and…
Japan's legislature has advanced a bill that would reclassify cryptocurrencies as formal financial products and reduce…
A House hearing on cryptocurrency taxation has laid bare a divide among lawmakers over how quickly Congress should move…
Ways and Means opened seven draft bills for discussion, but Democrats flagged mining-deferral abuse risks and Chairman Jason Smith's 'bipartisan' framing was met with only conditional buy-in.
U.S. House lawmakers are preparing to debate a set of crypto tax bills, marking what proponents describe as the "third…
The draft would extend wash-sale rules to digital assets and end a long-standing tax break on Bitcoin, while shielding regulated payment stablecoins from routine gain-or-loss treatment.
The package touches every major corner of the on-chain economy — mining, staking, and small transactions all get explicit treatment, signaling tax code is finally catching up to the asset class.
Drafts cover staking, mining, de minimis exemptions, and stablecoin payments — the procedural posture is the signal, with a formal hearing before markup suggesting movement rather than messaging.
The discussion drafts arrive as the IRS's new reporting rules frustrated this past tax season, and the hearing lands a week before a packed crypto legislative calendar.