This report covers the key tax, accounting, and regulatory developments in the global crypto-asset industry during the first half of June 2026.
On tax, New Zealand's Inland Revenue updated its CARF guidance, clarifying the due-diligence, reporting, record-keeping, and information-exchange obligations of local reporting crypto-asset service providers; in Greece, informed government officials disclosed that the government is preparing crypto-asset tax legislation that would exempt the first EUR 500 of crypto gains and apply a 15% capital gains tax to the remainder.
On accounting, the U.S. Financial Accounting Standards Board completed its initial deliberations on enhanced cash-equivalent disclosures and the classification of certain digital assets in April 2026, with a proposed update slated for release in Q3 2026 and a 90-day comment period.
On regulation, Zimbabwe issued new registration rules for VASPs, requiring all crypto businesses engaged in the buying, selling, transfer, or custody of virtual assets to register with the central bank's anti-money-laundering Financial Intelligence Unit. Bipartisan U.S. House members introduced a draft Federal Cryptocurrency Theft Enforcement and Coordination Act to establish a "Federal Cryptocurrency Theft Task Force" within the DOJ. Brazil's Chamber of Deputies finance and tax committee approved an opinion on Bill PL 5819/2025, authorizing judges to freeze suspects' bank accounts, crypto assets, or other assets. Mastercard launched Agent Pay for Machines (AP4M) to enable automated payments between AI agents and machines. Three major Japanese banks announced a joint stablecoin issuance plan via a trust structure to launch this fiscal year. The Bank of Russia does not intend to immediately expand the range of crypto assets accessible to non-qualified investors, initially limiting them to Bitcoin, Ethereum, and USDT. The Hong Kong Monetary Authority announced it has formed a tokenized-bond expert group and held its first round of discussions in May.
New Zealand's Inland Revenue (IRD) updated its CARF overview page, setting out the due-diligence, reporting, record-keeping, and information-exchange obligations of local reporting crypto-asset service providers (RCASPs). Under the update, New Zealand RCASPs must, from 1 April 2026, collect users' identity, tax-residency status, and related transaction information, and report annually to the IRD. The first reporting period runs from 1 April 2026 to 31 March 2027. Read the original article
According to Reuters, the Greek government is preparing crypto-asset tax legislation that would exempt the first EUR 500 of crypto gains, with a 15% capital gains tax applying to the excess. The tax would apply only to mining operations of registered companies, not to individual-level crypto mining. Two informed government officials said the bill was drafted by Greece's Finance Ministry and is expected to be submitted to parliament in the coming months. Read the original article
The U.S. Financial Accounting Standards Board (FASB) completed its initial deliberations on enhanced cash-equivalent disclosures and the classification of certain digital assets in April 2026. The project addresses accounting questions such as whether stablecoins can be classified as cash equivalents, reserve-asset disclosures, and redemption rights. Tentative disclosures include the amount and composition of stablecoin reserve assets, redemption rights, and whether an entity considers relevant laws and regulations when setting its cash-equivalent policy. The proposed update is planned for release in Q3 2026, with a 90-day comment period. Read the original article
Zimbabwe issued new registration rules for virtual-asset service providers (VASPs), requiring all crypto businesses engaged in the buying, selling, transfer, or custody of virtual assets to register annually with the central bank's anti-money-laundering Financial Intelligence Unit (FIU). VASP registration certificates are valid for one year; renewal applications must be submitted within 90 days before the existing registration expires; the initial certificate issuance fee is USD 500 and the renewal fee is USD 400. Once approved, VASPs must display the registration certificate at their physical and online service points, accompanied by a QR code linking to official registration information. Read the original article
U.S. Representatives Lance Gooden and Josh Gottheimer introduced a draft Federal Cryptocurrency Theft Enforcement and Coordination Act to establish a "Federal Cryptocurrency Theft Task Force" within the Department of Justice. The task force would be chaired by the U.S. Attorney General or a designee, with members from the DOJ, FBI, Treasury, and FinCEN, and would serve as the primary federal coordinating body for crypto theft and related criminal activity, providing training and guidance to state and local law enforcement and prosecutors; participation by state, local, and territorial governments would be voluntary. The bill is still under review. Read the original article
Brazil's Chamber of Deputies finance and tax committee approved an opinion on Bill PL 5819/2025. The bill would amend Brazil's Penal Code and Code of Criminal Procedure to authorize judges to take protective measures in cases — freezing suspects' bank accounts, crypto assets, or other assets, and restricting their contact with victims and witnesses or continued use of social media and digital payment systems connected to the crime. The bill will next go to the Chamber's Constitution, Justice and Citizenship Committee for review. Read the original article
Mastercard announced Agent Pay for Machines (AP4M) to support automated payments between AI agents and machines. At the settlement layer, AP4M supports multiple settlement methods including cross-card payments and stablecoin payments. More than 30 initial participants and supporters are involved, including Coinbase, Ripple, and the Solana Foundation, among other crypto and payment-infrastructure institutions. Read the original article
Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation announced they will launch a joint stablecoin issuance plan within fiscal 2026. The project would be issued via a trust structure, with the three banks as joint settlors and a trust bank as trustee. The three banks have reached a basic agreement, under which they will subsequently discuss the institutional design, scheme, and governance arrangements for building stablecoin issuance infrastructure in light of relevant laws, regulations, and market developments. Read the original article
In an interview with Radio RBC, Bank of Russia First Deputy Governor Vladimir Chistyukhin said the central bank does not intend to immediately expand the range of crypto assets accessible to non-qualified investors, who will initially be limited to three highly liquid assets — Bitcoin, Ethereum, and USDT; other crypto assets will, in principle, be oriented more toward qualified investors. These rules are part of Russia's Digital Currency and Digital Rights bill, which passed its first reading in the State Duma in April this year and is expected to formally take effect next month. Read the original article
The Hong Kong Monetary Authority (HKMA) issued a circular announcing it has formed a tokenized-bond expert group, with members including representatives from industry associations, financial institutions, legal advisory firms, and financial-infrastructure and technology providers. The HKMA held its first round of expert-group discussions in May, exchanging views on Hong Kong's current legal and regulatory framework and its application to the issuance and trading of tokenized bonds. Further details will be announced separately. Read the original article
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