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.
The ruling AK Party submitted a draft bill on March 2 proposing an income tax on cryptocurrency gains and a transaction levy on crypto asset service providers; the proposal could raise state revenue but increase costs for users and exchanges.
Dutch lawmakers passed a law that, beginning in 2028, will levy a 36% tax on actual investment returns, covering both realized and unrealized gains — including crypto assets like Bitcoin and Ethereum. Investors will owe tax on paper profits even if they haven’t sold their holdings.
Brazil’s Revenue Service will propose a 3.5% levy on stablecoin purchases and transfers, treating them as foreign currency exchange operations under the IOF. The measure enters public consultation and could raise costs for remittances and on/off-ramps.
Dutch lawmakers advanced a proposal on Feb 13 to impose a 36% tax on certain assets, exempting startup equity and non-investment property. Cryptocurrencies were not listed as exempt, prompting industry concern and calls for clarity.
Vietnam’s Finance Ministry has proposed a 0.1% tax on crypto transfers, a 20% corporate tax on crypto profits, and tougher licensing for exchanges, mirroring existing stock transaction levies. The measures could raise compliance costs and push trading offshore while signalling a move to formalize the market.
The Ministry of Finance will send a decree for public consultation to classify cryptocurrency transactions as foreign currency exchanges, a change that would let the government tax crypto operations. The move is expected to spark heated debate in Congress and face possible legal challenges.
Dutch parliament is set to approve Box 3 reforms that will tax unrealized gains on crypto and stocks starting in 2028, despite investor backlash. The change raises concerns about liquidity pressure, heavier reporting requirements, and possible capital flight.