US Congressman Seeks Tax Clarity for Cryptocurrencies
A U.S. congressman proposed tax breaks for cryptocurrencies, arguing that current IRS codes are unreasonably demanding and deterrents to blockchain businesses Go to Source Powered by WPeMatico
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SEC Chairman: Other Market Protections Needed Before Bitcoin ETF Approval
Custody and market manipulation need to be dealt with before a cryptocurrency ETF can be approved, said SEC Chairman Jay Clayton Go to Source Powered by WPeMatico
Reserve Bank of India Denies Knowledge, Involvement in Draft Bill to Ban Crypto Entirely
The Reserve Bank of India has denied having any knowledge or involvement in a draft government bill that would ban cryptocurrencies Go to Source Powered by WPeMatico
LocalBitcoin Loses Traders After Cash Trading Ban: ‘Not Very Local’
Finnish p2p veteran LocalBitcoins removed in-person cash trading due to regulatory pressure. Is this the start of a crackdown on cash-based deals? Go to Source Powered by WPeMatico
Australia Investigating Major Tax Crimes as Part of Crypto-Focused Tax Enforcement Taskforce
The Australian Tax Office is reportedly investigating 12 international tax avoidance schemes alongside its international partners, with a key focus on crypto-enabled activities Go to Source Powered by WPeMatico
California Public Accounts Seek Clarity on Cryptocurrency Holdings
California public accountants are seeking clarity on reporting cryptocurrencies, as current standards are reportedly insufficient Go to Source Powered by WPeMatico
Belarus General Prosecutor Warns About Cryptocurrency’s Use in Tax Evasion
Belarus remains worried about crypto’s role in cybercrime and tax evasion, according to comments from the country’s general prosecutor Go to Source Powered by WPeMatico
Italy: Securities Regulator Issues Suspension to Crypto Investment Firm, Associated Crypto
Italy’s securities regulator has issued a 90-day suspension notice to investment firm Tessline and its cryptocurrency liracoin Go to Source Powered by WPeMatico
SEC Sues Kik for Conducting Allegedly Unregistered $100 Million ICO in 2017
The U.S. Securities and Exchange Commission has sued Kik for raising $100 million in an allegedly unregistered token offering in 2017 Go to Source Powered by WPeMatico
LocalBitcoins Confirms Removal of Local Cash Trades
LocalBitcoins officially confirmed the removal of local cash trades after the exchange remained silent on the matter since the option disappeared on June 1 Go to Source Powered by WPeMatico