JUST IN: House Republicans introduce 7 new crypto tax bills ahead of House Ways and Means Committee hearing this week. Proposals exempt staking and mining rewards from taxable income, create $10 de minimis exemption for gas fees, and offer voluntary disclosure program for past reporting failures

Crypto capital gains tax in Australia 🇦🇺 Sold, swapped or spent crypto this financial year? It is likely a CGT event. → Hold past 12 months and the 50% discount still applies → Get your records straight before 30 June → And keep this in mind: the rules change from 1 July, 2027, so this year's approach won't carry over Summ tracks every gain, loss and cost base across your wallets and exchanges, so your return holds up.

House Republicans have introduced 7 standalone crypto tax bills for discussion at the House Ways and Means Committee hearing on June 9. Key proposals include: • Defer tax on staking & mining rewards until sold • $10 de minimis exemption for gas fees & small transactions • Voluntary disclosure program for past reporting failures • Stablecoins treated like cash, plus first framework for DeFi lending, wash-sale rules for crypto, and clear donation rules. This is the most targeted, user-friendly tax package Congress has put forward, directly addressing “phantom income” pain points that have frustrated everyday holders and validators.

🇻🇳BREAKING: Holding crypto on international exchanges will not be penalized #5PC According to Mr. Tô Trần Hòa (State Securities Commission), investors are not required to transfer all their crypto assets to domestic exchanges. As long as no transactions occur, users may freely hold their assets on international exchanges. Other key points: 1️⃣ Six months after the first licensed exchange is approved, all trading must be conducted exclusively through licensed exchanges. 2️⃣ For domestic investors, only those who already possess crypto assets are eligible to participate in the pilot phase. New users cannot open accounts during this period. 3️⃣ All cryptocurrencies (such as BTC, ETH, USDT, USDC) will be listed and traded in VND. 4️⃣ The Securities Commission is also researching new products such as margin lending and futures derivatives. 5️⃣ Exchanges have full discretion to choose which coins to list, but must establish clear, transparent criteria and disclose them fully to investors. All of these points were previously outlined by 5PC in the article “Key Points to Know About Vietnam’s 2026 Crypto Law.” Thus, it has been confirmed that users may hold crypto on foreign exchanges or in personal wallets!

NEW: Greece is preparing to impose a tax on cryptocurrency gains for the first time, according to Reuters. The proposal is expected to be included in a broader tax bill later this year.

The NZ IR3 deadline is 7 July 🇳🇿 If you touched crypto this NZ tax year, it goes on your return under "Other income." The filing is quick. The work is turning a year of activity across exchanges and wallets into one clean number. Here's what to sort first: → List every exchange and wallet, including the dead ones → Match transfers so they aren't double-counted as disposals → Log staking at its NZD value on the day you received it Full checklist in the blog down below 👇

Greece plans to impose a 15% capital gains tax on cryptocurrencies. According to BlockBeats, on June 5, two Greek government officials informed Reuters that the Greek Finance Ministry is preparing legislation to impose a 15% capital gains tax on cryptocurrencies, expected to be submitted to parliament for review in the coming months. Under the plan, the first €500 of gains per taxpayer will be tax-exempt; individual mining is not subject to taxation, but mining operations registered as businesses will be taxed. Three key factors to monitor: whether funds continue to flow in, whether on-chain trading volume and holdings continue to grow, and whether the project team or regulators provide new confirmation. A single news item only indicates heightened sentiment—subsequent data will determine whether this evolves into a lasting trend. Risks must also be acknowledged: Greece currently lacks a comprehensive tax framework for cryptocurrencies, and tax rates across EU countries vary significantly—from 8% in Cyprus to 30% in France. Officials noted that since most Greek investors use offshore platforms, it is currently difficult to estimate the size of the country’s crypto market, and no specific tax revenue projections are available. #OnChainData #Regulation #Blockchain #CryptoMarket #CryptoCircle

House Republicans are stepping into the crypto light with seven new tax bills, some pretty significant for the industry. Exempting staking rewards from taxable income and introducing a $10 de minimis for gas fees could be a game changer. But hold up, there’s still no broader de minimis for everyday purchases - the holy grail many were hoping for. Until that changes, expect crypto users to keep juggling tax calculations like it's a circus act. #CryptoTax

What happens to cost basis when someone gifts crypto to a family member? When you give cryptocurrency to a family member as a gift, the IRS follows special rules because they treat crypto like property, such as a house or a stock, instead of cash. The most important thing to know is the "basis," which is usually the amount of money the original owner spent to buy the crypto. The person receiving the gift usually gets the same basis that the person who gave it (the donor) had. This is called a "carryover basis." 1. If you sell the crypto for more than what the donor paid for it, your basis is exactly what the donor paid. For example: Your mom bought 1 Bitcoin for $10,000. She gifts it to you when it is worth $15,000. If you sell it later for $20,000, your basis is $10,000. You would owe taxes on a $10,000 gain. 2. If the value of the crypto was lower than what the donor paid at the time they gave it to you, you must use the fair market value at the time of the gift to figure out your loss. Your mom bought 1 Bitcoin for $10,000. She gifts it to you when it has dropped to $8,000. If you sell it for $7,000, your basis for the loss is $8,000. You have a $1,000 loss. 3. If you sell the crypto for an amount between the donor's original cost and the value on the day of the gift, you do not have to report a gain or a loss. In the example above, if you sold the Bitcoin for $9,000, you would have no gain (because it’s less than $10,000) and no loss (because it’s more than $8,000). The amount of tax you pay depends on how long you held the crypto. If you use the donor's basis to figure a gain, you "tack on" their holding time to yours. If the donor held it for 6 months and you hold it for 7 months, you have held it for over a year (13 months). This qualifies you for lower "long-term" tax rates. If you use the fair market value for a loss, your holding time starts the day after you got the gift. For 2026, a person can give away up to $19,000 worth of crypto to one person without having to file a gift tax return. If you do not have proof of what the donor paid, your basis is treated as zero. This means if you sell it for $10,000, the IRS will tax you on the full $10,000 because they assume it cost you nothing. If a broker reports the sale on Form 1099-DA, they are supposed to apply these gift rules to the information they provide to the IRS. If the person who gave you the crypto actually paid a federal gift tax on it, you might be allowed to increase your basis slightly. You can add a portion of that tax to your basis, but only for the part of the gift that increased in value while the donor owned it.