1. Introduction Kenya is regarded as Africa’s crypto pioneer. A 2022 report by the United Nations highlighted that Kenya has the highest percentage of cryptocurrency users in Africa. While cryptocurrency provi…
Abstract This report summarizes the global tax, accounting, and compliance policy developments in the cryptocurrency sector during the second half of January 2025. In terms of tax, U.S. Senator Ted Cruz is loo…
1. Introduction The Kingdom of Saudi Arabia, located on the Arabian Peninsula in Southwest Asia, is one of the world's largest oil exporters and is renowned for its abundant petroleum resources. With the rapid…
On January 18th, Donald Trump, the U.S. President-elect, announced on social media that he was launching his own cryptocurrency meme coin, $TRUMP. The news instantly set off a frenzy in the crypto market. On i…
Abstract This report combs through the key developments in global crypto compliance policy in the first half of January 2025. In terms of taxation, the United States Internal Revenue Service (IRS) has implemen…
1. Introduction In December 2024, the Internal Revenue Service (IRS) released the final version of new crypto asset broker reporting regulations, marking a significant shift in the U.S. crypto tax regime. In t…
Related news: The 2025 tax system reform outline clearly states the discussion of "re-examining the tax system for virtual currencies" and shows the path of separate taxation. Author: CoinPost The tax system i…
3. Two Landmark U.S. Crypto Lawsuits The Ripple case and the Terraform case are two landmark cases in the U.S. crypto industry that cannot be overlooked. In both cases, the courts defined the legal attributes…
On November 14, local time in the U.S., 18 states, led by Kentucky, filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five commissioners in the Kentucky District Court. They acc…
Abstract This report summarizes tax, accounting, and compliance policy developments in the global cryptocurrency industry for the second half of December 2024. On the tax front, The IRS has classified DeFi fro…
