Draft digital asset rules submitted to parliament would force Russian residents to disclose offshore crypto wallets to the Federal Tax Service. The proposal is pitched as a move to boost tax compliance and tackle illicit flows, though enforcement specifics are not yet public.
US lawmakers proposed a tax plan that would exempt dollar-pegged stablecoins from taxable gains or losses if they maintain a tight peg. The bill does not extend the same treatment to Bitcoin.
Coinbase is intensifying its push for Congress to modernize how digital assets are taxed, saying current rules are outdated and create compliance headaches. The exchange frames the effort as constructive engagement to reduce taxpayer confusion and align tax policy with market realities.
Brazil's finance minister has suspended a proposed cryptocurrency tax plan as the country heads into the October 2026 presidential vote. The move raises policy uncertainty while incumbent Luiz Inácio Lula da Silva seeks re-election.
Opposition lawmakers in South Korea have proposed abolishing a planned 22% tax on cryptocurrency gains; the ruling Democratic Party says it will review the proposal but has not reached consensus. The move increases uncertainty over the tax’s future and could reshape investor sentiment.
Poland will join the EU’s automatic information‑sharing system for crypto, giving tax authorities greater visibility and increasing the risk of penalties for undeclared gains. Going forward, the only sure way to avoid punitive treatment is to file accurate annual returns.
The Bitcoin Policy Institute called bipartisan support for a de minimis tax exemption for small Bitcoin transactions "encouraging" and is pushing for enactment by August as a legislative deadline approaches. The move seeks to reduce reporting burdens on routine crypto activity and support retail usage.
South Korea's National Tax Service has issued a procurement tender for an AI platform to analyze cryptocurrency trading data and flag potential tax evasion. The move marks a step up in enforcement and could raise compliance costs for traders and exchanges.
Belarus will begin taxing peer-to-peer and overseas cryptocurrency transactions, rolling back earlier tax perks that helped establish it as a crypto-friendly jurisdiction. The change reduces incentives for traders and could complicate cross-border crypto activity for residents.
Coinbase warned the IRS’s new 1099-DA form for reporting digital-asset gains is cluttered and confusing and could lead to significant over-reporting of taxable events.