The Cato Institute criticizes U.S. bitcoin tax policies for complicating transactions and hindering adoption. They propose reforms like eliminating capital gains taxes on small crypto payments and increasing exemption thresholds for better usability.

The Cato Institute urges the U.S. to abolish capital gains taxes on cryptocurrencies to simplify tax filing and enhance monetary competition. This move aims to encourage cryptocurrency use in transactions by lessening tax-related complexities.

The IRS will enforce mandatory cost basis reporting for digital asset brokers starting April 15, 2026, requiring them to submit Form 1099-DA to report sales and exchanges. This aims to reduce underreporting of capital gains and align cryptocurrency tax reporting with traditional securities.

China's lithium battery exports surged 50% in Q1 2026, driven by preemptive shipments before a tax rebate cut. This increase comes amid heightened energy security concerns due to Middle East conflicts, significantly boosting profits for manufacturers like Ningbo Deye Technology.

Nigeria's tax authority, FIRS, has begun legal proceedings against a centralized exchange for alleged tax evasion related to VAT and CIT on cryptocurrency transactions. The trial is set for April 11, 2025, as questions arise regarding the obligation of foreign entities to comply with local tax laws.

The U.S. Internal Revenue Service increases its crackdown on tax evasion involving cryptocurrency, requiring investors to proactively report their transactions by April 15. Starting in 2025, brokers will be required to report digital-asset gains, and investors will need to verify their costs themselves. 61% of investors don’t know about the new rules, and 52% are worried about making mistakes when filing. Experts recommend collecting transaction records to avoid penalties and criminal prosecution.

U.S. Representative reintroduces the “Digital Asset Protection Act,” revises the treatment of cryptocurrency taxation, removes the tax-exempt threshold for small transactions, clarifies the conditions for recognizing gains from stablecoin transactions, and sets rules for determining cost basis. Industry expects the bill to drive the inclusion of crypto provisions in tax legislation.

Morgan Stanley’s head of digital asset strategy, Amy Oldenburg, said the firm will treat tokenized money market funds as a future direction, while also considering tax-loss harvesting services and Bitcoin-related products. The firm has filed ETF applications for Ethereum and Solana, and manages $9.3 trillion in client assets.

Trident Digital Tech Holdings and Ripple Strategy Holding have signed a strategic cooperation agreement to launch a blockchain-based tax settlement system in Africa, support cross-border payments, and plan to begin a stablecoin business pilot in 2026.

Trident Digital Tech Holdings has partnered with Ripple Strategy Holding. Ripple will provide stablecoin technology to support Trident’s expansion across Africa. It plans to build a blockchain tax system for 2.1 million small and mid-sized businesses in Ghana, and to set up an RLUSD/GHS liquidity pool to enable low-cost cross-border payments.