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...
News Summary News 1 On April 10, 2025, U.S. President Trump signed a congressional joint resolution overturning a regulation from the Biden administration that required decentralized finance (DeFi) protocols to report relevant information to the U.S. tax authority, the Internal Revenue Service. Under the original regulation,...
Unraveling the Green United Case: A Crypto Minefield In 2023, the U.S. Securities and Exchange Commission (SEC) launched a landmark lawsuit against crypto firm Green United LLC, accusing it of perpetrating large-scale fraud via the sale of “Green Boxes” crypto mining machines, with the case involving a...
1 Overview of Malaysia’s Tax System – Malaysia’s Tax System Malaysia’s tax categories are divided into direct and indirect taxes. Direct taxes include income tax, real estate gains tax, and petroleum income tax, while indirect taxes include excise duty, customs duty, import and export duties, sales tax,...
1 The Trump Tariff Policy: Content and Motivation – Policy Content On April 2, 2025, U.S. President Trump signed two executive orders at the White House, announcing the establishment of a 10% “minimum benchmark tariff” on trade partners, with higher tariffs imposed on certain countries. The displayed tariff...