Taxes
Senator Todd Young is pressing the IRS to revisit its crypto staking tax guidance, arguing it improperly taxes gains that haven't been realized. His intervention raises pressure for clearer rules or legislative relief for stakers.
Fidelity says year-end tax-related selling, not concentrated whale liquidations, was the main driver of Bitcoin's Q4 decline. Macro jitters and ongoing large-holder flows still pose near-term headwinds for BTC.
South Korea's NH NongHyup Bank has launched a proof-of-concept to pilot VAT refunds for inbound tourists using stablecoins on the Avalanche blockchain. The move aims to speed refunds, cut cash handling, and improve transaction traceability.
Germany’s Left and Green parties have proposed scrapping the one-year tax-free holding rule for private Bitcoin gains and aligning crypto profits with capital income tax. The push could reshape retail holding behavior and affect Europe’s crypto market dynamics.
The U.S. Treasury and IRS issued guidance allowing trusts behind crypto ETFs to generate staking rewards, removing a major tax and regulatory obstacle for Ethereum and Solana funds. The move could boost yields for ETF holders and shift staking dynamics across the crypto market.