Global #crypto tax

The Internal Revenue Service (IRS) has issued a temporary relief measure to address potential tax complications for cryptocurrency holders using centralized finance (CeFi) brokers in 2025.

The South Korean cryptocurrency sector has suffered a significant setback following the declaration of martial law in early December.

South Korean lawmakers remain deeply divided over the implementation of a crypto tax law that is set to take effect on January 1, 2025.

Israel's State Comptroller, Matanyahu Englman, has sharply criticized the Tax Authority for its failure to strengthen efforts to collect taxes on cryptocurrency transactions, highlighting a significant gap in the country's tax collection capabilities.

The Dutch government is seeking public feedback on proposed legislation that would require cryptocurrency service providers, including exchanges, to collect and share user data with the local tax agency, aligning with European Union regulations.

In a bold statement at the recent Token2049 conference in Singapore, Chainalysis CEO Michael Gronager predicted that government prosecutors and tax authorities will increasingly harness artificial intelligence (AI) to combat crime on the blockchain within the next five years.