The U.S. IRS is ramping up its investigation of digital asset reporting, with a significant number of cases involving unreported cryptocurrency transactions. In Kenya, legislation is advancing to classify crypto assets as securities and impose capital gains tax, reflecting a global move towards regulating and taxing digital currencies. On the international front, Italy and South Korea have signed a memorandum of understanding to collaborate on Central Bank Digital Currencies, highlighting a shared interest in developing CBDCs. Meanwhile, Lugano, Switzerland, is embracing cryptocurrency by accepting Bitcoin and Tether for municipal taxes and services, part of a broader initiative to incorporate Bitcoin technology into its financial infrastructure.