Abstract This report highlights key tax and regulatory developments in the global crypto asset industry during the first half of May 2025. Tax Updates: In the United States, significant changes are underway in how crypto assets and capital gains are taxed. The Missouri state legislature has passed...
At the recently concluded Token 2049 Dubai, no matter which venue you visited, discussions about RWA were omnipresent. Investors were on the hunt for promising projects and compelling narratives. Public blockchain platforms aimed to attract RWA projects to enhance their ecosystem. Project parties sought collaborations with RWA projects or...
Introduction Since Binance co-founder Changpeng Zhao (CZ) signed a memorandum of understanding with the Kyrgyz National Investment Agency in early April to collaborate on crypto and blockchain development, interactions between CZ and the Kyrgyz government have intensified. On May 5, CZ posted a photo of a Kyrgyz license...
Introduction As China’s economy grows, domestic investors are increasingly venturing into U.S. and Hong Kong stocks. Recently, tax authorities in multiple Chinese provinces have announced stricter inspections of foreign income declarations. The amounts in question are significant, ranging from 127,200 to 1,413,000 yuan per case. In these actions, the...
Gradually improving the disclosure of crypto projects can, in the long run, facilitate the transition of the crypto industry from a speculative market to a trusted financial tool, ensuring the industry’s sustainable development. However, the disclosure of crypto projects has its particularities: on the one hand, the blockchain technology...
Abstract This article summarizes key tax and regulatory developments in the global crypto assets industry during the second half of April 2025. On the taxation front, countries are accelerating efforts to establish comprehensive crypto tax systems to strengthen oversight and curb tax avoidance. Slovenia’s Ministry of Finance proposed...
1 Introduction Iceland, with its unique climate and natural resource advantages, has gradually become one of the key hubs for cryptocurrency mining. The cold climate offers excellent cooling conditions for mining equipment, while Iceland’s abundant and cheap electricity, coupled with its stable and friendly political policies, gives it...
News Overview India is tightening its grip on cryptocurrencies. The 2025 budget has introduced stricter crypto reporting requirements on top of the existing 30% tax rate imposed in 2022. The new clause 285BAA in the Income Tax Act demands that certain entities report crypto transactions within specified...
News Overview Between March 25 and 26, 2025, the tax authorities in Hubei, Shandong, Shanghai, and Zhejiang launched a coordinated campaign within a 48-hour window to investigate unreported foreign income of Chinese tax residents. In September 2014, China officially committed to adopting the Automatic Exchange of Financial Account Information...
Abstract This article summarizes key tax and regulatory developments in the global crypto assets industry during the first half of April 2025. On the taxation front, several countries are accelerating efforts to strengthen oversight of crypto assets. The South African Revenue Service now mandates that all taxpayers...