Crypto News Today
At least now, the encryption industry scored a great victory with this new update related to IRS Crypto Reporting. On April 10, 2025, President Donald Trump signed an official bill killing The tax department base that requires decentralized financing platforms (Defi) to report user treatment data. This rule, which was completed late last year under … Read more
The US Internal Revenue Service (IRS) announced a one-year delay to implement New tax reporting requirements for cryptocurrencies. It is now scheduled to enter into force on January 1, 2026. the The postponement gives brokers more time to adapt to regulations, which focus on setting the cost basis of cryptocurrencies on centralized platforms.According to Official … Read more
Janet Yellen, US Treasury Secretary, on a tour of the Financial Crimes Enforcement Network (FinCEN) in Vienna, Virginia, on January 8, 2024. Valerie Blish/Bloomberg via Getty Images The Treasury Department’s upcoming deadline for millions of small businesses to meet new reporting requirements for “useful proprietary information” has been postponed again, following a court order suspending … Read more
The Hong Kong government has committed to implementing a mandatory reporting framework for crypto assets by 2026. On 13 December 2024, the Hong Kong authorities made this declaration at the OECD Global Forum on Transparency and Effective Exchange of Information in Tax Matters. Most importantly, the country is taking proactive measures regarding regulating cryptocurrencies to … Read more