South Korean city to launch its own crypto seizing system for tax evaders
A city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging to tax evaders. According to South Korean media outlet Energy Kyungjae, the city of Gwacheon has announced that it will launch “its own electronic virtual asset seizing system.” The city regulators hope to […]
Japan PM calls crypto ‘extremely important’ ahead of 2025 crypto tax review
Japan’s Prime Minister Shigeru Ishiba says the development of crypto assets and web3 is ‘extremely important’ for solving the nation’s problems. According to Japanese media outlet Iolite, Finance Minister Katsunobu Kato has vowed to finalize Japan’s crypto tax rate by “the end of June this year,” in response to a question posed by the Liberal […]
Indian crypto holders face 70% tax penalty on undisclosed gains
India will impose tax penalties of up to 70% on undisclosed crypto gains as part of new regulations under Section 158B of the Income Tax Act. Source link
Binance investigated in France for tax fraud, other charges
Crypto giant Binance is under investigation in France for the second time, following an initial probe in 2023. French prosecutors have formally opened a judicial investigation into alleged crimes, including drug trafficking, money laundering, and tax evasion at Binance. The probe may also involve additional undisclosed charges, according to a Reuters report published on Tuesday, […]
Roger Ver’s Trump pardon plea: ‘Lawfare’ victim or tax evader?
Bitcoin Cash advocate Roger Ver has made a public plea to President Trump to commute his tax evasion charges. Source link
IRS secures first crypto tax fraud conviction, setting legal precedent
For the first time, the IRS has successfully prosecuted a case of tax fraud solely involving crypto. The U.S. Internal Revenue Service has won a major victory, setting a legal precedent in the fight against crypto-related tax fraud. In December 2024, Frank Richard Ahlgren III was sentenced to two years in prison and fined $1.1 […]
MicroStrategy announces debt buyback amid potential tax on BTC gains
According to data from SaylorTracker, MicroStrategy shares are currently trading at a net asset value (NAV) of 1.86x. Source link
How Bitcoin investors can avoid tax fraud
Bitcoin investors must navigate a complex tax landscape, including understanding taxable vs. non-taxable transactions, key regulations by jurisdiction and ways to stay compliant. Source link
Crypto ‘Godfather’ and LA deputy plead guilty to extortion, tax crimes
A crypto businessman known as “The Godfather” and a Los Angeles County Sheriff’s Department deputy have agreed to plead guilty to federal charges. The charges include conspiracy to violate civil rights, wire fraud, and tax crimes, according to the U.S. Attorney’s Office in Los Angeles. Adam Iza, 24, and LASD deputy Eric Chase Saavedra, 41, […]
Crypto ‘godfather’ and LA cop plead guilty to tax, civil rights violations
Adam Iza, founder of the Zort crypto trading platform, and LASD deputy Eric Chase Saavedra admit to exploiting law enforcement. Source link
