Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the Brazilian Congress must fight to block Lula’s blanket crypto taxation for the decentralized part of the crypto ecosystem to continue thriving. Latam Insights Encore: Brazilian Congress Must Reject Lula’s […]
India is unleashing cutting-edge data analytics and forensic tech to crack down on crypto tax evasion, driving aggressive enforcement and surging digital asset revenue collection. Government Uses Data Analytics to Track Tax Evasion on Digital Assets The government of India provided an update early this week in the Lok Sabha, the lower house of India’s
Indian Government Reveals Crypto Tax Measures to Strengthen Compliance Oversight Read More »
Roger Ver, the early Bitcoin investor famously nicknamed “Bitcoin Jesus,” has filed a lawsuit against the Spanish government in a bid to block his extradition to the United States, where he faces criminal tax fraud charges that could result in a prison sentence of more than 100 years. The lawsuit, filed with the European Court
“Bitcoin Jesus” Faces 109-Year Sentence as $48M Tax Extradition Battle Hits Europe Read More »
A tax expert has warned traders, particularly those operating discreetly, about the upcoming requirement to file Form 1099-DA starting in 2026. The expert also highlights the importance of reporting, even if one disagrees with the 1099-DA, to avoid being flagged for underreporting. IRS to Track Crypto Across Wallets and Chains A cryptocurrency capital gains expert
IRS Mapping Wallet Activity Across Chains—Expert Says It’s Time to Prepare Read More »
The United Kingdom’s tax authority will implement new regulations starting January 1, 2026, requiring crypto asset users to provide tax identification numbers and other personal information to service providers. Streamlining Tax Assessments and Penalties The United Kingdom’s tax authority, His Majesty’s Revenue and Customs (HMRC), has announced new regulations that will require crypto asset users
HMRC to Require Crypto User IDs for Tax Starting 2026 Read More »
Bybit is hitting Indian crypto traders with an 18% GST and widespread service shutdowns as strict new regulations reshape the nation’s rapidly evolving digital asset landscape. Bybit Hits India With 18% GST as Multiple Crypto Services Begin Final Shutdown Cryptocurrency exchange Bybit is introducing higher transaction costs for Indian users, as it prepares to implement
Indian Crypto Users Slammed With 18% GST as Bybit Complies With Tax Regulation Read More »
The Internal Revenue Service (IRS) has significantly increased the number of warning letters sent to crypto investors, causing anxiety among users. This uptick is seen as a precursor to a broader enforcement initiative, especially with new 1099-DA regulations set to take effect next year. Looming Enforcement Wave Warning letters sent to crypto investors by the
Crypto Tax Crackdown Looms as IRS Warning Letters Surge Read More »
Ohio’s House of Representatives has passed a bill that would make it easier for crypto owners to use their crypto assets for payments, advancing the legislation to the Senate for further consideration. The Ohio Blockchain Basics Act, also known as HB 116, passed the House in a 70-26 vote on Wednesday, a day after advancing
Ohio House advances bill exempting sub-$200 crypto transactions from capital gains tax Read More »
Brazilian authorities issued a Provisional Measure that terminates the previous tax regime and introduces a new ruleset to tax all crypto-derived profits. The new rule also states that these measures apply to crypto held in self-custody wallets and digital assets held abroad. Brazilian Government Announces New Crypto Tax Regime, Throws Self-Hosted Assets in the Mix
Brazilian Authorities Terminate Exemptions, Aims to Tax Crypto Held in Self Custody Read More »
The directive, which is expected to be approved and implemented by January 2026, will enable authorities in Spain to exchange data on cryptocurrency assets held on international exchanges. Similarly, the Spanish tax agency will be able to seize these assets to collect payment for tax debts. Spain Introduces Law to Strengthen Cryptocurrency Tax Oversight Spain
Spain Introduces Law to Acquire Crypto Exchanges’ Data, Seize Digital Assets Read More »
