IRS Sending ‘Fishing’ Letters to Crypto Users So They Pay Taxes
The Internal Revenue Service is sending letters to crypto investors to apparently scare them into accurately reporting their crypto-related income Go to Source Powered by WPeMatico
DIGIT
83% of US Investors Would Dip Their Toes Into Bitcoin: New Report
A new study found that 83% of American investors would consider a preliminary investment in Bitcoin, as the asset gains traction among an ever more mainstream audience Go to Source Powered by WPeMatico
Safeway Shoppers Can Now Get Bitcoin Back as Change at 894 US Stores
Bitcoin rewards shopping app Lolli now works at Safeway to give customers 3.5% back in Bitcoin on all their purchases Go to Source Powered by WPeMatico
Huawei CEO: Why Wait for Facebook? China Can Issue Its Own ‘Libra’
Huawei boss: Facebook Libra could get Chinese challenger Go to Source Powered by WPeMatico
How Government Agencies Make Criminals of Crypto Traders
A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face up to five years in prison and … Read more
US SEC Gives Crypto Gaming Firm the Go-Ahead on ‘Quarters’ Token
The SEC has replied to a registration inquiry from Pocketful of Quarters who are launching a crypto rewards token for gamers Go to Source Powered by WPeMatico
Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency
The CEO of the Nigeria Deposit Insurance Corporation says citizens take a high risk by relying on crypto, since there is little regulation Go to Source Powered by WPeMatico
Croatian Post Launches Pilot Program for Crypto-to-Fiat Exchange
The Croatian Post is trialing a crypto-to-fiat service at some of its postal offices, using QR codes to facilitate conversion Go to Source Powered by WPeMatico
US Department of Justice Accuses Crypto Exec of $7 Million Fraud Scheme
The U.S. Department of Justice has accused a man of pocketing clients’ money through a crypto transaction fraud scheme Go to Source Powered by WPeMatico
Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto
The head of a major Brazilian trade association said that a proposed tax reform could force people to turn to cryptocurrencies to evade taxes Go to Source Powered by WPeMatico