Major Crypto Exchanges Lament Outsized Scrutiny From US IRS
Major crypto exchanges fear that U.S. regulators see the industry as far more dangerous than it really is, posing major obstacles to development Go to Source Powered by WPeMatico
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From Taxes to Transparency: The IRS Gets Schooled on Crypto
A panel of experts spoke before the U.S. IRS on recent changes in crypto technology that are shaking up the world of taxation. Go to Source Powered by WPeMatico
The BCH Question: How to Recover After $30M Hack and Mining Tax Row?
Security expert backs BCH following $30-million hack: “BCH is based on the same principles as BTC. The most vulnerable element is still a human.” Go to Source Powered by WPeMatico
Law Firm Predicts More Lawsuits by the IRS Against Crypto Tax Evaders
The IRS is actively cracking down on cryptocurrency users in the United States. Klasing Associates, a US law firm, expects there to be even more prosecutions in this department. When law firms weigh in on these matters, something must be brewing behind the scenes. Don’t Mess With the IRS According to Klasing Associates, the IRS … Read more
South Korea’s Bithumb Launches Zero Fee Transfers to Global Platform
Bithumb users can now instantly move Bitcoin and Ether to Bithumb Global with zero fees Go to Source Powered by WPeMatico
New Zealand Proposes to Free Crypto From Some Taxes to Promote Growth
New Zealand’s new proposed taxation systems considers excluding crypto from certain Goods and Services tax provisions Go to Source Powered by WPeMatico
How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns. The U.S. Treasury-licensed Enrolled … Read more
Gemcoin Founder Admits to Fraud in $147 Million Scheme
Gemcoin mastermind faces 10-year prison sentence over $147 million cryptocurrency scheme Go to Source Powered by WPeMatico
IRS Invites Cryptocurrency Advocates to March Summit
Cryptocurrency companies and advocates will meet in DC to discuss how the IRS can “balance taxpayer service with regulatory enforcement” Go to Source Powered by WPeMatico
Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes. Also read: Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep … Read more
