The Canada Revenue Agency (CRA) is escalating its efforts to enforce crypto tax compliance, as evidenced by a court order requiring Dapper Labs to provide data on 2,500 users. This action is part of a broader investigation highlighting widening enforcement challenges for digital assets. Audit Results and Concerns The CRA has collected over $100 million … Read more
The UK’s HM Revenue and Customs (HMRC) is implementing a new regulation that will require crypto exchanges to report detailed transaction data for all UK customers, starting with data collection in January 2026. The first reports to HMRC will be due in 2027. This major regulatory move is designed to strengthen tax oversight and aligns … Read more
The Spanish Sumar Parliamentary Group has put forward three amendments to existing crypto tax laws, which, if approved, would significantly increase the tax burden on profits from cryptocurrencies like Bitcoin and Ethereum. Key Tax Amendments Proposed The main proposals involve moving crypto gains, not considered financial instruments, from the current savings base rates (taxed up … Read more