cryptotax

Canada Flags 40% of Crypto Users for Tax Evasion Risk

The Canada Revenue Agency has estimated that about 40% of Canadian cryptocurrency users pose a risk of tax evasion. This includes about 15% of the users who do not file their taxes at all and another 30% who are assessed as high-risk due to underreporting or other non-compliance issues.

To address this, the CRA has deployed a specialized team of about 35 auditors working on over 230 crypto-related cases, recovering over 100 million Canadian dollars in unpaid taxes. For this, the agency had attained a court order that forced platforms like Dapper Labs to actually hand over user data, though the order was narrowed down to about 2,500 accounts from 18,000 after negotiations.

Despite these efforts, no criminal charges have been filed since 2020, largely because of the anonymity and cross-border nature of crypto transactions. The CRA thus warns that crypto assets remain part of the underground economy, and users should keep detailed records of trading, staking, or NFT earnings to make sure they comply. As enforcement is heating up, stricter regulations and reporting requirements for Canadian crypto investors are expected in the near future.

#cryptotax #Write2Earn! #crypto #Binance #CryptoFirst21

Crypto Investors Risk Major Losses: Common Estate-Planning Mistakes Exposed

Many cryptocurrency holders neglect to include their digital assets in formal estate plans — which means heirs often cannot access wallets after the owner dies.

Because crypto ownership depends on private keys and seed phrases rather than traditional banking records, failing to securely store and share access details is a leading cause of permanent asset loss.

A basic will or standard trust agreement often isn’t enough; to safeguard crypto wealth, estate plans need explicit language covering digital-asset holdings and detailed instructions for accessing them.

Without such preparation, even long-held crypto gains can vanish — depriving heirs of potentially substantial value.

Expert advice: treat crypto like any major asset — document wallet addresses, backup private keys securely, and update estate plans regularly — especially if holdings grow or are transferred.

#CryptoEstatePlanning #DigitalAssets #cryptotax #CryptoSecurity #CryptoInheritance

UK Kills Crypto Tax On DeFi Deposits

This is a monumental regulatory pivot for decentralized finance. The UK’s HMRC has provided clarity that fundamentally changes the compliance landscape for investors.

Per $AAVE founder Stani Kulechov, simply depositing assets—specifically stablecoins like $USDC or $USDT—into a DeFi lending protocol is officially not treated as a disposal event. This means the act of earning yield does not immediately trigger Capital Gains Tax (CGT). The tax burden only applies upon the actual sale or swap of the assets. This ruling removes a massive friction point, legitimizing lending protocols and setting a powerful precedent that could unlock significant institutional capital flow into the DeFi sector.

This is not financial advice. Consult a tax professional.
#DeFi #Regulation #CryptoTax #AAVE #UK
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⚠️ CRYPTO TAX: THE BERGAMO COURT CONFIRMS THAT CAPITAL GAINS PRE-2023 ARE TAXABLE ⚠️

The decision of the Tax Justice Court of Bergamo reopens a thorny chapter for Italian taxpayers in the cryptocurrency sector.

According to the ruling, even capital gains realized before 2023 — thus prior to the entry into force of the new tax legislation on crypto assets — would be taxable.
The Court effectively confirmed the approach of the Revenue Agency, recognizing crypto assets as having a nature comparable to foreign currencies, and therefore subject to taxation on capital gains realized above certain thresholds.

This means that investors who had realized gains in Bitcoin, Ethereum, or other cryptos before the regulatory harmonization of 2023 could fall within the tax perimeter, with consequent reporting obligations and potential penalties.

The issue is bound to spark debate: many experts believed that, prior to the 2023 budget law, there was a lack of clear legal basis to tax crypto as capital gains.
The ruling from Bergamo, on the contrary, indicates a continuity of interpretation, reinforcing the legitimacy of the tax authorities' requests even for previous periods.

For the sector, this is an important signal: retroactive taxation risks creating uncertainty and disputes, but at the same time confirms the growing willingness of the State to frame and regulate cryptocurrencies stringently, in light of their increasing weight in the Italian and European financial system.
#BreakingCryptoNews #tax #ItalyPolitics #cryptotax #crypto

Norway Tightens Crypto Tax Rules for 2025
Crypto gains in Norway are subject to a 22% income tax. $BTC
Digital assets exceeding 1.5 million NOK incur a wealth tax of 0.7%–1.1%.
The updated framework aims to ensure fair taxation and regulatory clarity for investors.
These measures reflect Norway’s commitment to transparent crypto markets and long-term financial stability. $DOT
Global trends show increasing alignment between crypto taxation and traditional financial systems. $SUI
#CryptoTax #NorwayCrypto #DigitalAssets #BlockchainRegulation

Mandatory Tax Reporting Framework for Crypto Exchanges in 2026 $BTC
New automated tax reporting plan set for 2026, targeting Virtual Asset Service Providers (VASPs).
Mandatory measures will require exchanges to report crypto transactions directly to tax authorities.
Platforms like MEXC.com and CoinPhoton.com expected to implement compliance protocols.
Regulatory tightening signals a global push for transparency and standardized reporting in the crypto sector. $SUI
This could reshape operational strategies for exchanges and impact user privacy considerations. $XRP
#CryptoRegulation #BlockchainCompliance #VASPs #CryptoTax

The 55 Percent Crypto Death Tax Is Dead

Japan is making a seismic shift that will redefine Asian crypto adoption. The ruling coalition has agreed to slash the punitive tax rate on digital asset gains from a high of 55 percent down to a flat 20 percent. For years, the 55 percent classification—treating crypto as miscellaneous income—acted as a hard ceiling, preventing domestic institutions and high-net-worth investors from engaging meaningfully with the market. This move aligns crypto taxation with traditional stocks and investment trusts. When the third-largest economy in the world legitimizes the asset class this severely, it signals a new phase of fundamental stability. Expect significant capital reallocation into assets like $BTC and $ETH as the primary barrier to entry for Japanese capital is removed. This is a massive regulatory green light.

This is not financial advice.
#CryptoTax #Japan #Regulation #BTC #Adoption
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Special Update: France Adopts DAC 8 Crypto Tax Directive
France has now incorporated the EU’s DAC 8 directive into its 2025 financial framework, marking a significant step toward enhanced crypto tax compliance.
Starting January 1, 2026, digital asset service providers will be required to submit detailed transaction reports to tax authorities, increasing transparency across the crypto sector.

Current Situation (2025):
French investors must continue reporting capital gains or losses when converting crypto into euros during the annual tax season, typically in May and June.

This move represents a major shift toward tighter oversight and standardized digital-asset reporting throughout the EU.

#CryptoTax #RegulationUpdate #BlockchainCompliance #BinanceSquare

$WCT
USDT — 0.0901 (+1.35%)
$GIGGLE
USDT — 87.18 (-26.23%)
$BTC USDT — 86,873.5 (+0.12%)

Special Report: France Implements DAC 8 Crypto Tax Directive $GIGGLE
France has officially integrated the European Council’s DAC 8 directive into its 2025 financial legislation, signaling a major shift in crypto tax compliance.$WCT
Impact: Starting January 1, 2026, digital asset service providers will be required to submit detailed transaction reports to tax authorities, aiming to boost transparency in the crypto ecosystem.$BTC
Current Rules (2025): French investors must still declare capital gains or losses from converting crypto into fiat (EUR) during the annual tax filing period, typically in May and June.
This development marks a critical step toward stricter oversight and standardized reporting for digital assets across the EU.
#CryptoTax #RegulationUpdate #BlockchainCompliance #BinanceSquare

Japan Just Unleashed a Crypto Adoption Bomb

The regulatory floodgates are cracking open. Japan, one of the world's most sophisticated capital markets, is signaling a monumental shift. Reports confirm the nation plans to implement a flat 20% tax on crypto profits, aligning it perfectly with traditional assets like stocks and mutual funds.

This is not a small tweak—it is a structural overhaul. Previously, crypto gains in Japan were often treated as miscellaneous income, subjecting high earners to tax rates that could soar past 50%. That punitive barrier is now gone.

This standardization removes the single largest disincentive for domestic institutions and serious retail investors to allocate significant capital. When a major economy validates $BTC and $ETH as equivalent investment vehicles, the message is clear: digital assets are becoming integrated into the global financial fabric. Expect this policy change to act as a significant long-term tailwind for capital inflows.

This is not financial advice.
#Japan #CryptoTax #BTC #Regulation #Adoption
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JAPAN UNLEASHES THE 20 PERCENT CRYPTO WHALES

The new policy coming out of Japan is one of the most significant structural shifts we have seen this year. They are planning to implement a flat 20 percent tax on crypto profits, synchronizing the rate with traditional stocks and mutual funds.

This is not a tax burden—it is regulatory legitimacy. For high-net-worth individuals and institutional funds in Japan, crypto gains were previously subject to complex progressive income tax rates, often exceeding 40 percent. Moving to a simple, flat 20 percent rate removes the primary disincentive for large capital deployment.

The explicit goal is to boost domestic trading. This policy instantly legitimizes assets like $BTC and $ETH as core components of a diversified portfolio in the world's third-largest economy. Expect institutional allocation to accelerate dramatically as funds can now operate with clear, competitive tax parity. This is a powerful, long-term tailwind.

This is not financial advice.
#JapanPolicy #CryptoTax #BTC #InstitutionalFlow #Macro
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Japan Plans Flat 20% Crypto Tax — A Major Shift for Local Traders

Japan is preparing to introduce a flat 20% tax rate on cryptocurrency gains, replacing the current progressive system where taxes can reach as high as 55%. This proposed change would move crypto earnings into a separate-taxation category, similar to how Japan treats stocks and investment trusts. The goal is to make crypto activity more accessible, predictable, and fair for everyday traders.

For years, Japan’s high tax rates have been a major barrier for local investors, often pushing them away from active trading or encouraging them to move their operations overseas. A uniform 20% tax could help reverse that trend by reducing the burden on individuals and creating a clearer environment for long-term participation in digital assets.

If the proposal is approved, it may encourage more domestic trading, increase liquidity, and support the growth of Japan’s crypto ecosystem. It also signals that the government wants to bring crypto regulation closer to mainstream finance rather than treating it as a high-risk outlier.

Overall, this is a positive step for Japanese traders and could have a noticeable impact on regional market activity.


#Japan #cryptotax #Bitcoin #MarketUpdate #CryptoRegulation

$BTC Japan’s government has backed a proposal to put cryptocurrency profits under a separate taxation framework and apply a uniform 20% tax rate on crypto gains. The move aims to simplify tax rules and provide clarity to investors, replacing the more complicated and varied tax regimes used so far. If enacted, this could encourage more participation from both retail and institutional investors — thanks to predictability and transparency. At the same time, the flat tax rate may dampen speculative activity. The shift signals growing regulatory maturity in crypto markets globally. #CryptoTax #Japan #CryptoNews #Bitcoin #Ethereum

🇯🇵 Japan Slashes Crypto Taxes to 20% — Huge Win for Traders!

Japan is set to cut crypto taxes to a flat 20%, bringing them in line with stocks.

This is a major shift from the current 55% progressive tax, which has long pushed traders away.$BTC

The new rule — expected in the 2026 tax reform — will place crypto gains under the separate-taxation system, making trading far more attractive for locals.

Japan’s crypto volume is already rising, and this move could spark even bigger growth.$BNB

👉 Want to read the full article? Click here.$XRP

#JapanCrypto #CryptoTax #CryptoInvesting #TaxReform2026 #20PercentTax @TRADE_INSIGHTS

🚨 BREAKING: Japan 🇯🇵 slashes crypto tax to a flat 20%!
Massive boost for local Bitcoin traders and Web3 innovation 🚀
Bullish news for the Japanese crypto scene! 💹💥

#JapanCrypto #CryptoTax #BitcoinJapan #Web3Japan #CryptoNews

Starting January 1, 2026, UK will enforce strict new crypto tax rules requiring all gains from trading, investing, or earning digital assets to be reported to HMRC. Crypto platforms will be obligated to share user data, including transaction details, directly with the tax authority under the OECD’s Cryptoasset Reporting Framework.

This move effectively places crypto under the same tax treatment as traditional financial assets, with reduced tax-free allowances increasing the number of traders subject to capital gains tax. Failure to comply will carry penalties, HMRC has confirmed fines of £300 for investors who do not report their crypto activity, alongside potential daily charges if delays continue.

Exchanges and wallets must also submit detailed reports beginning in 2027, covering activity from 2026. The crackdown signals the UK government’s intent to close tax gaps in the digital asset sector and ensure full transparency across crypto transactions.
$TIA $MUBARAK $ACT

#cryptonews #bitcoin #cryptotax #TaxCompliance #HMRC

LATEST: UK has issued new guidelines requiring crypto exchanges to collect detailed transactional information from UK customers effective Jan. 1, 2026, in an effort to increase tax compliance.

#EU's #cryptotax