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HMRC Recovers Over £8 Million in Crackdown on Crypto Tax Evasion
The UK’s tax authority, HM Revenue and Customs (HMRC), has successfully recovered more than £8 million in unpaid taxes from cryptocurrency investors over the past three fiscal years. According to data recently disclosed…
RBI Maintains Pro-Ban Stance as India Evaluates Crypto Risks
The Reserve Bank of India (RBI) has reaffirmed its advocacy for a comprehensive ban on digital assets, citing persistent concerns over financial stability. According to recent reports from Reuters, the central bank’s po…
South Korea to Launch AI-Powered Crypto Tax Tracking System by 2026
The South Korean National Tax Service (NTS) has announced the development of a sophisticated artificial intelligence system designed to monitor cryptocurrency transactions and identify tax evasion. With an investment of…
IRS Study Reveals Only 6.5% of Crypto Holders Report Taxable Gains
A recent academic study has highlighted a significant gap in cryptocurrency tax compliance within the United States, revealing that a vast majority of digital asset investors may be failing to disclose their transaction…
South Korea’s Daegu City to Seize Crypto Assets from Tax Evaders
The municipal government of Daegu, South Korea, has announced an intensive campaign aimed at recovering local tax arrears and uncovering hidden wealth. According to reports from the Yonhap News Agency, authorities are s…