German finance ministry proposes 25% crypto tax starting 2028: report
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German Finance Ministry Drafts 25% Tax on Crypto Gains From 2027
Anything bought before 2027 keeps the twelve-month exemption, so the change lands only on Germany's future crypto buyers.
Trade groups seek to block Illinois crypto tax before January effective date
Following on their earlier lawsuit, CCI and the Blockchain Association seek to block Illinois’ 0.2% crypto tax, arguing it is unconstitutional and would impose costly compliance burdens.
Ireland excludes crypto from new tax-advantaged investment accounts
Ireland’s planned investment accounts will offer tax benefits for stocks, bonds and ETFs, while excluding crypto and derivatives as higher-risk products.
Chainalysis estimates $457B in taxable crypto activity, says CARF misses most
The blockchain analytics firm said just 14% of the onchain activity it identified is covered by the OECD’s international crypto tax-reporting framework.
Crypto advocacy groups oppose Illinois digital asset tax in court
Following a similar lawsuit filed by the Digital Chamber in July, two digital asset advocacy groups challenged Illinois’ 0.2% crypto tax on constitutional and due process grounds.
The Reserve Bank of India supports the cryptocurrency ban, while tax authorities warn of potential tax evasion risks.
According to Reuters, the Reserve Bank of India (RBI) has reiterated its call for a “ban” on cryptocurrencies, while the country’s tax authorities have warned that transactions conducted through offshore exchanges are difficult to trace. These documents reveal that while the government has not yet enacted a policy banning or regulating cryptocurrencies, key Indian government agencies are leaning towards stricter restrictions on virtual digital assets. India has allowed cryptocurrencies to exist in a gray area since a 2018 court ruling that the RBI’s de facto ban on cryptocurrencies was invalid. Legislation drafted in 2021 to ban private cryptocurrencies has never been submitted to parliament, and a discussion document on the issue has been repeatedly delayed. The government has postponed the implementation of a formal virtual asset policy, stating that any plan should balance innovation with risk management while protecting monetary sovereignty, financial stability, and preventing consumer losses.