🔗 Blockchain is expanding into global trade systemsHong Kong and Shanghai authorities will study a cross-border blockchain platform linking cargo trade data, e-bills of lading, and financing.Meanwhile, Turkey proposed a 10% crypto tax as governments balance adoption with regulation.7/7 ...

Seeing a ton of posts about taxes on the feed lately, specifically the 1099-DA.So here is a fun experiment, can you solve this Crypto tax problem?Steve bought 1 BTC on Kraken in February 2024 for $43,000.A few months later, he moved it to his Ledger for safekeeping.In December 2025, he sent it back to Kraken and exchanged the BTC for ETH valued at $97,000 at the time of the exchange.Kraken sends out a 1099-DA showing $97,000 in proceeds and $0 cost basis.What should Steve's report as capital gains on his 20 ...

Core Viewpoint - The proposed 36% tax on unrealized gains in the Netherlands could significantly impact where capital and crypto investors choose to reside in 2026, potentially leading to capital flight and migration away from the country [1][2][3] Group 1: Tax Implications - The Netherlands is preparing to implement a tax regime that would impose annual taxes on unrealized gains from various assets, including cryptocurrencies [2] - Taxing unrealized gains is expected to create liquidity risks and trigger capital flight, as indicated by Dutch investor groups [3] Group 2: Investor Sentiment - Investors are already signaling plans to exit the Netherlands due to the proposed tax changes, which could make the country less attractive for long-term crypto holders [3] Group 3: Alternative Jurisdictions - The Cayman Islands, United Arab Emirates, Puerto Rico, Switzerland, and Singapore are highlighted as favorable jurisdictions for crypto investors due to their lack of capital gains taxes and clear regulatory frameworks [4][5]

Core Insights - The UK Budget for 2025 does not introduce new crypto-specific taxes, maintaining the current tax structure for digital assets [2] - The capital gains tax (CGT) allowance remains low, leading to more reportable gains for crypto disposals, even for small retail portfolios [3] - HMRC is reconsidering its approach to DeFi lending and liquidity provision, responding to criticism of its previous guidance [5] Taxation and Regulation - The income-tax threshold freeze has been extended for three more years, which may push more active crypto traders into higher tax bands as wages increase [2] - Exchanges and platforms will be required to provide more detailed customer information to HMRC starting in 2026 [4] - The UK is advancing global data-sharing initiatives under new reporting standards [3] DeFi Lending and Staking - HMRC has shifted away from its strict stance on DeFi, acknowledging the administrative burdens imposed by current rules [5] - The department is moving towards a "no gain, no loss" framework for many DeFi transactions, rather than applying traditional disposal rules [5] - New regulations are expected to explicitly address automated market makers and multi-token liquidity pools, such as those used by Uniswap [6]

Crypto tax amendment dropped from Senate's 'Big, Beautiful Bill,' but Sen. Lummis plans to keep pushing https://t.co/OSk7Bl712I ...