Form 8949 is required for every crypto sale, trade, or disposal in 2025. The IRS now mandates wallet-by-wallet accounting and Form 1099-DA reporting. Learn what to report, how to track it, and how to avoid penalties.
Category: Finance & Regulation - Page 6
In 2025, Russia allows crypto only for the ultra-rich and for international trade. Ordinary citizens can own it but can't spend it. The digital ruble is coming-and it's designed to replace crypto, not embrace it.
As of June 2025, Chinese citizens are banned from owning or trading any cryptocurrency. This comprehensive ban, enforced by the PBOC, shuts down all crypto activity, from mining to personal wallets, to protect financial control and promote the digital yuan.
Iraq's Central Bank has banned all cryptocurrency transactions since 2017, with strict rules on banks and payment providers. In 2025, it's pushing a state-controlled digital currency instead - raising privacy and surveillance concerns.