Every Zipp story tagged #CryptoTax, newest first.
Unlike most state levies on trading gains, Illinois's rule taxes gross value of every covered broker-handled digital asset event.
With three industry groups now aligned against the levy, the suit escalates from a state-budget line item into a precedent fight over digital asset taxation.
The letters mimic official IRS correspondence and direct recipients to a "Digital Asset Compliance Portal" that does not exist, part of a broader wave of social-engineering attempts targeting crypto…
A 22% rate kicking in Jan. 1, 2027 on gains above ~$1,740 will decide whether Korean retail stays onshore or migrates to offshore venues; the political fight moves to a subcommittee this week.
The 32-page complaint argues digital assets are being taxed because of the technology itself, not the economic substance, and asks a state court to halt the levy before it takes effect.
The tax drag has thinned volumes but not the user base: India still counts roughly 39 million verified crypto holders sitting on about $2.1B in assets despite a punitive 30% flat rate and 1% TDS on…
The 2027 regime shift plus a 20% flat crypto tax rate is the first G7 framework built around the asset as investable product, not payment method.
The "no gain, no loss" treatment, effective April 2027, gives UK DeFi and lending users a long runway to rebalance wallets before the tax man steps in.
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…
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