U.S. Congress accelerates debate on crypto tax reform ahead of August 2026
TL;DR US Congress aims to pass a new digital asset tax bill by August 2026. Debate centers on treating crypto as property versus currency for small payments. The IRS is increasing enforcement ahead of new 1099-DA reporting requirements. The U.S. crypto tax debate enters a new phase as Rep.
40% of Canadian Crypto Users Flagged for Tax Evasion Risk, Canadian Tax Authority Reveals
Canada’s tax agency says legal gaps limit its ability to track crypto-related income as it recovers $100 million through audits and pushes for tighter regulation.
Canada targets Dapper Labs users in second-ever crypto tax probe as enforcement gap widens: report
With a court order, Canada’s tax service obtained data on 2,500 Dapper Labs users, though the CRA originally asked for data on 18,000 people.
Japan’s new crypto tax could wake ‘sleeping giant’ of retail investors
The crypto industry in Japan is poised for a surge in growth among retail investors, observers say, as the government plans to introduce a moderate 20% tax.
Japan Targets Crypto Profits With 20% Flat Tax, Equal to Stock Market Levies
TL;DR Japan moves ahead with a unified tax rate for crypto, matching the 20% structure used for equities. While the government frames the measure as a simplification, critics highlight that replacing a highly punitive 55% progressive system with a still-heavy flat tax does little to support the decentralized financial ecosystem.
UK Backs ‘No Gain, No Loss’ DeFi Tax Plan And Tightens Crypto Reporting
UK backs no gain no loss tax rules for DeFi lending while expanding cryptoasset reporting for domestic platforms from 2026.
UK Government to Start Cracking Down on Crypto Tax Avoidance in January
The U.K. released new guidelines that include rules for crypto exchanges to start providing the British tax authority with full customer information on all their digital assets.
IRS Moves Toward Global Crypto Oversight as New Reporting Rules Take Shape
The IRS advances global crypto oversight as new reporting rules, Form 1099 DA, and a White House offshore proposal reshape compliance.
IRS faces pressure to revise controversial crypto staking tax rules
Senator Todd Young wants the IRS to change its crypto staking tax rules because they tax unrealized gains.
Brazil Weighs Crypto Tax on Cross-Border Deals as Lawmaker Pushes Confiscation Powers
TL;DR: Brazil is considering a new tax on crypto transactions conducted abroad to curb arbitrage and strengthen oversight of offshore flows. Lawmakers want courts to gain explicit powers to freeze and seize digital assets, addressing challenges created by rapid on chain transfers.