Tag: taxes
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CARF Enforcement Begins: UK and 40+ Nations Implement Global Altcoin Reporting Framework
The United Kingdom and over 40 participating nations have formally commenced enforcement of the Cryptoasset Reporting Framework (CARF)—a comprehensive global taxation initiative requiring altcoin exchanges and service providers to collect and report detailed user activity data to tax authorities. The framework, developed by the Organisation for Economic Co-operation and Development (OECD), officially took effect on January 1, 2026, fundamentally transforming how altcoin…
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Spain Proposes Radical Altcoin Tax Hike to 47%: Aggressive Policy Threatens Investor Base and Digital Asset Innovation
Spain’s Sumar party has proposed sweeping legislative changes that would fundamentally transform the nation’s approach to altcoin taxation and regulation, introducing tax rates up to 47% on cryptocurrency gains while enabling government confiscation of digital assets and mandating risk-rating disclosures for all investments. The aggressive fiscal proposal represents one of Europe’s most stringent regulatory approaches to altcoins and has…