Policy & Regulation

United States, Korea, and Brazil Eye Crypto Tax Crackdown

Published

2 months ago

November 24, 2025

The Trump administration has given the crypto and DeFi trade extra legitimacy, and in consequence, international locations like the US, Korea and Brazil are contemplating new tax guidelines for crypto transactions.

On November 17, the White Home proposed new Treasury Division guidelines that may see the US cooperate with the Crypto Asset Reporting Framework (CARF), a world crypto tax settlement.

CARF was based in 2022 and already contains crypto-friendly international locations such because the UAE and Japan, in addition to different G8 international locations together with Canada and Germany.

In the US, crypto is handled as property, which means it’s topic to capital good points taxes however exempt from sure guidelines that apply to shares, such because the ban on wash buying and selling.

This transfer got here along side the introduction of the Bitcoin For America Act by Consultant Warren Davidson earlier this week. The invoice would enable People to pay federal taxes in Bitcoin, which might go instantly right into a strategic Bitcoin reserve underneath the Trump administration’s aim of constructing the US the “crypto capital of the world.”

On November 18, it was reported that Brazil is contemplating increasing its monetary transaction tax to cross-border transfers involving digital property comparable to stablecoins and different cryptocurrencies. Presently, crypto transactions are taxed as capital good points in Brazil, however underneath the brand new change, which is able to go stay in 2026, cross-border crypto transactions can be taxed in the identical method as foreign money transactions.

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In the meantime, Korea is getting ready for a crypto tax replace in 2027, which is able to impose a flat 20% tax on cryptocurrency buying and selling earnings. Nonetheless, it is value noting that this modification has been postponed a number of occasions since 2021, so it stays to be seen if the rule will formally go into impact in two years. Till then, Korea additionally imposes capital good points taxes on cryptocurrency buying and selling.