The US is pushing new regulations onto crypto that will inevitably render accepting digital assets a pain in the ass for small businesses.

The post New US laws make it difficult for small businesses to accept crypto appeared first on Protos.

Listen to the most important stories in Bitcoin and crypto covered by our newsroom in the past week. Ignorance no excuse: IRS to hunt NFT tax cheats for billions of dollars The IRS is gearing up for a wave of NFT-related tax evasion cases, with many collectors still not sure how to declare crypto assets. […]

The post PODCAST: Binance hiring snafu, NFT tax cheats, Chamath doesn’t care appeared first on Protos.

The IRS is gearing up for a wave of NFT-related tax evasion cases, with many collectors still not sure how to declare crypto assets.

The post Ignorance no excuse: IRS to hunt NFT tax cheats for billions of dollars appeared first on Protos.

Over time, nonfungible tokens (NFTs) have proven to be one of the hottest sectors in crypto, and now the U.S. government may finally be ready to get its share from this booming sector. According to a report by Bloomberg, officials of the Internal Revenue Service (IRS) announced their plans to begin cracking down on NFT investors

The post NFT Investors Are Owing Billions In U.S Taxes, Here’s How IRS Plans to Collect Tax appeared first on CoinGape.