Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines

Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid FinesA South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four exchanges. Korean Province Confiscates Cryptocurrencies for Unpaid Fines The […]

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IRS Now Requires Tax Filers to Disclose Crypto Activities

IRS Now Requires Tax Filers to Disclose Crypto ActivitiesThe U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning whether the answers would increase the chances […]

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