White House weighs IRS bid to tax foreign crypto accounts via CARF
The White House is reviewing a proposal to join an international crypto tax standard that could deter Americans from moving their digital assets to offshore exchanges.
The White House is reviewing a proposal to join an international crypto tax standard that could deter Americans from moving their digital assets to offshore exchanges.
Original source
Read on CointelegraphRelated market context
White House Crypto Council brings law enforcement to the table on Clarity Act concerns
The inclusion of law enforcement in crypto regulation discussions may lead to stricter oversight, impacting innovation and market...
Japan’s Lower House Passes Sweeping Bill to Regulate Crypto Like Stocks, Opening a Path to Lower Taxes and ETFs
Japan’s lower house passed a sweeping bill on Thursday to regulate cryptocurrencies like stocks, a structural shift for one of the...
Bukele’s Reform Makes El Salvador a Top Tax Haven: 0% on Foreign Income and Bitcoin Gains with Minimal Presence
Bitcoin Magazine Bukele’s Reform Makes El Salvador a Top Tax Haven: 0% on Foreign Income and Bitcoin Gains with Minimal Presence E...
Ethereum News: Ethereum’s pERC-20 Proposal Would Make Token Transfers Private by Default
Ethereum News: A draft Ethereum token standard called pERC-20, formally tracked as ERC-7605, proposes making token transfers priva...
Retail Crypto Trading in Japan May Face Major Reset as Tax Cut Plan Advances in Lower House
Japan’s Lower House has advanced a bill that would bring crypto assets under the country’s financial instruments framework. The mo...
Standard Chartered analyst says Bitcoin hits bottom at $59K, ending crypto winter
Bitcoin's bottom at $59K signals potential market recovery, encouraging investors to monitor ETF flows, corporate buys, and oil pr...