IRS
- Crypto Exchanges
The IRS’ Astronomical $24 Billion Tax Claim Casts Dark Cloud Over FTX Victim Recovery
The United States Internal Revenue Service (IRS) has pushed forward a staggering $24 billion tax claim against the beleaguered crypto…
Read More » - Policies & Regulations
New Proposed Regulations for Cryptocurrency Brokers Released by U.S. Treasury Spark Mixed Reactions in Crypto Community
The U.S. Treasury Department has unveiled a proposed regulation that would mandate cryptocurrency brokers, encompassing exchanges and payment processors, to…
Read More » - Policies & Regulations
US Treasury Unveils New Crypto Tax Reporting Rules to Curb Evasion
The Biden administration has revealed new regulations regarding cryptocurrency tax reporting, aiming to combat tax evasion within the crypto sphere.…
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IRS Ruling: Crypto Staking Rewards Subject to Taxation Upon Receipt
The United States’ top tax authority has recently issued a new directive concerning crypto investors. As per this ruling, those…
Read More » - Global News
US Senate Financial Services Committee Engages Digital Asset Community for Insights on Taxation Challenges in Open Letter
Chairman Ron Wyden and ranking member Mike Crapo of the United States Senate Financial Services Committee have issued a public…
Read More » - Policies & Regulations
Cryptocurrencies Gain Legal Recognition as Property in Hong Kong Court Ruling
A court in Hong Kong has recognized cryptocurrencies as a form of property that can be held in trust. The…
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