HMRC has directed UK cryptocurrency platforms to provide customer data as it aims to recover £300 million in unpaid taxes over the next year. The move ramps up enforcement and raises fresh compliance and privacy questions for exchanges and users.
Colombia’s tax authority DIAN issued Resolution 000240 requiring cryptocurrency service providers to report transaction data, expanding oversight of the sector. The move aims to boost transparency and support tax and anti‑money‑laundering enforcement.
India’s tax authorities have flagged enforcement gaps around virtual digital assets ahead of the Union Budget, echoing concerns raised by the Reserve Bank of India. The alignment increases the chance of tougher reporting and compliance measures for crypto businesses and investors.
The UK has introduced new reporting obligations aimed at curbing undeclared crypto income, stripping anonymity from many crypto holdings and making cross‑border flows more traceable. The move gives tax authorities greater certainty but raises compliance and privacy concerns for users and providers.
A bipartisan draft bill led by Reps. Miller and Horsford would clarify U.S. crypto tax rules for small stablecoin transactions and staking/mining income. The proposal aims to reduce compliance burdens and give clearer guidance for consumers and businesses.
Hong Kong has opened a consultation to align its crypto tax reporting rules with the OECD’s new global transparency standards. The move seeks clearer reporting obligations for platforms and greater cross-border tax cooperation.
A government-backed proposal would move crypto gains into a separate taxation regime with a 20% flat rate, potentially lowering bills for Bitcoin traders and simplifying reporting. The measure is designed to give clearer rules and could boost trading activity if passed.
The U.K. will require crypto exchanges to report full customer information on all digital asset holdings to HMRC from January 2026, a move aimed at closing tax gaps in the crypto sector.
Switzerland will enshrine a global crypto tax-sharing framework into law on January 1 but has delayed putting the regime into effect until at least 2027. The move pauses immediate cross-border tax data exchange for crypto assets despite formal legal adoption.
Spain’s Sumar party has proposed raising crypto taxes to as much as 47%, treating all digital assets as seizable and introducing a “risk traffic light” rating system for tokens. Critics say the plan could chill investment and raise legal uncertainty for holders and businesses.