taxes | ForkLog

ForkLog 6 13.04.2025

NFT Trader Faces Up to Six Years in Prison for Tax Evasion

An American citizen has admitted to two counts of filing false tax returns, concealing approximately $13 million in profits from NFT transactions involving the CryptoPunks collection. This was reported in a press release from the U.S. Attorney’s Office for the Middle District of Pennsylvania. According to authorities, Waylon Wilcox submitted incorrect data in his tax […]

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ForkLog 9 09.04.2025

Ukraine Proposes 18% Tax on Bitcoin Transactions

The NSSMC of Ukraine has published a detailed taxation matrix for virtual assets. The recommendations draw on international experience and are adapted to Ukrainian legislation. April 9, 2025 | 19:18Update: The head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Daniil Hetmantsev, described the NSSMC’s published cryptocurrency taxation matrix in Ukraine as […]

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ForkLog 19 03.04.2025

Ukraine’s Officials and Their Favoured Cryptocurrencies

In 2024, Ukrainian officials submitted 2113 declarations mentioning crypto assets. The most popular coins among civil servants were USDT, Bitcoin, and Ethereum, according to data from the public registry monitoring service Opendatabot. The number of declarations featuring digital currencies increased by 10% over the year. Data: Opendatabot. Members of law enforcement agencies are the most […]

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ForkLog 10 27.03.2025

US Senate Backs Repeal of Data Collection Mandates for DeFi Platforms

The US Senate voted to repeal a cryptocurrency taxation rule that required DeFi platforms to collect and provide user data. A resolution introduced by Congressman Mike Carey and Senator Ted Cruz concerning the IRS regulation on “gross income reporting by brokers regularly providing services for the sale of digital assets” was endorsed by the House […]

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ForkLog 17 17.03.2025

Marla Maples Defends ‘Bitcoin Jesus’ Roger Ver

Marla Maples, the former wife of U.S. President Donald Trump, has called for the cessation of criminal proceedings against Bitcoin.com founder Roger Ver. Sharing more re the call to dismiss the prosecution against Roger Ver @PamBondi @elonmusk @realDonaldTrump @Davewarrington https://t.co/BckQwEXBW6 — marla maples (@itsmarlamaples) March 16, 2025 She retweeted a video titled “Who is Roger […]

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ForkLog 8 14.03.2025

Ukraine Unveils Cryptocurrency Taxation Framework

The National Securities and Stock Market Commission of Ukraine (NSSMC) has proposed a model for cryptocurrency taxation. This was announced by the head of the regulator, Ruslan Magomedov. The initiative was presented at a meeting of the Verkhovna Rada Committee’s working group. The framework outlines the taxation process for digital assets across three key areas: […]

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ForkLog 8 12.03.2025

US House Overturns IRS Rule on DeFi Data Collection

The US House of Representatives has voted to overturn an IRS rule that required DeFi platforms to collect and provide user data. This was announced by Congressman Mike Carey, who prepared the resolution alongside Senator Ted Cruz. ✅ Passed! ✅ The House just passed my bill to repeal the IRS DeFi Broker Rule in a […]

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ForkLog 11 09.03.2025

‘Crypto Czar’ Opposes New Taxes for Bitcoin Reserve Funding

Appointed by President Donald Trump, ‘crypto czar’ David Sacks has rejected the idea of taxing crypto transactions to fund the national bitcoin reserve. He made this statement on the All-In-One podcast. Sacks reiterated key details about the strategic reserve of digital gold, outlined in Trump’s executive order, emphasizing that replenishing this repository should occur without […]

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ForkLog 23 21.02.2025

Crypto Investors See Average Profit of $5482 in 2024, Report Reveals

The average realised profit for digital asset holders in 2024 amounted to $5482 compared to $888 in the previous 12 months. These estimates were presented by specialists from the tax platform CoinLedger, reports The Block. The greatest unrealised profits were brought by Bitcoin, Hyperliquid, SuperVerse, Shiba Inu, and Render. “Cryptocurrencies are in a bull market. […]

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ForkLog 6 19.02.2025

Nigeria Files $81.5 Billion Lawsuit Against Binance

The Nigerian authorities have initiated a lawsuit against the cryptocurrency exchange Binance, seeking compensation totaling $81.5 billion. This was reported by Reuters, citing court documents. The claim includes $79.5 billion for alleged economic damages and $2 billion for unpaid taxes over two years. According to the Federal Inland Revenue Service of Nigeria (FIRS), Binance has […]

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ForkLog 13 03.02.2025

Russian Tax Authority Introduces Bitcoin Mining Section on Website

The Federal Tax Service (FTS) of Russia has introduced a section for miners in users’ personal accounts, allowing them to report the receipt of digital currency. Individuals must fill out the “Mining” form, while legal entities and individual entrepreneurs are required to complete the “Digital Currency Mining” form. The latter two must be included in […]

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ForkLog 15 30.01.2025

Ukrainian Cryptocurrency Exchange Kuna to Cease Operations

Mykhailo Chobanyan, the founder of the Ukrainian cryptocurrency exchange Kuna, has decided to cease the company’s operations in all countries. He announced this on his Telegram channel. “I have decided to cease all commercial activities,” the businessman stated. Users will be able to withdraw their balances during a two-month transition period. “The code, cleansed of […]

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