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A decentralized exchange reckoning is coming — and it’s bigger than the infrastructure bill — thus, the DeFi community must be ready.
By satoshi
August 27, 2021
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Former IRS supervisor Greg Monahan replaces Karen Leong as the global money laundering reporting officer of Binance.
By satoshi
August 18, 2021
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The provisions of the U.S. infrastructure bill stirred up a heated debate, but many of the fears voiced by its critics are misguided.
By satoshi
August 13, 2021
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Most transfers of cryptocurrency are taxable, unless the transfer is qualified as a gift or a charitable contribution.
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The possible new funding would bring the Utah-based crypto tax automation provider to a valuation of $1 billion or above.
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“Most crypto, virtual currencies are designed to stay off the radar screen,” said Charles Rettig.
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Coins earned by staking have been “created” and are not taxable until sold according to one couple in the U.S.
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This is the third time Rep. Emmer has introduced the bill to the House of Representatives, but the first with a Democrat in the presidency.
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News that Binance could be under investigation by the US Justice Department and IRS triggered a market-wide sell-off which saw Bitcoin price drop to $46,000.
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The price of Bitcoin and Ether both fell between 3% and 5% as the report spread across social media.
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If you’re a cryptocurrency holder with past-due tax debts, your provable holdings may be confiscated by the IRS if you don’t pay back what you owe.
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A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS.
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Are there any pitfalls in NFT taxation according to the current U.S. laws?
By satoshi
April 24, 2021
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The recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited.
By satoshi
April 18, 2021
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What crypto owners should know if crypto accounts fall within the new Foreign Bank and Financial Accounts regulations.
By satoshi
April 17, 2021
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Selling or transacting your Bitcoin isn’t worth the tax burden, according to the CEO of Ark Invest.
By satoshi
March 25, 2021
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There are ways in which a tax on the ultra-wealthy could nudge them toward crypto, but hiding assets is not one of them.
By satoshi
March 18, 2021
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The actions against McAfee by the DoJ and the IRS represent a worrying shift in the view of the U.S. government’s criminal enforcement arm.
By satoshi
March 10, 2021
