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Tag: U.S. Internal Revenue Service

Cryptocurrency Regulatory and Legislative Analysis #13

Cryptocurrency Regulatory and Legislative Analysis #13September 6, 2023Demetrios TseasRegulatory and Legislative Analysis – NAM (United States & Canada)SEC freezes assets and charges 18 Utah...

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Kraken Settles With SEC, Shuts Down Crypto Staking Service

Kraken, the crypto exchange founded by Jesse Powell, has agreed to terminate its staking-as-a-service platform for its US-based customers and pay a $30 million...

A crypto regulatory storm front is coming in 2023. Are we ready for it?

After the spectacular crash of Sam Bankman-Fried’s FTX and its associated organizations, financial regulators worldwide have to keep their attention on two places at...

‘Tis the season for crypto tax-loss harvesting: IRS, regulators remain silent on crypto tax loophole ahead of new year

U.S. investors can deduct from their capital gains tax this year by selling cryptocurrencies at a loss, then immediately buy back those same assets....

Decentralized autonomous organizations: Tax considerations

Much has been said about the legal implications of DAOs, but little attention has been paid to the tax and reporting considerations for DAOs and their token holders.

Binance USD Exceeds $11B Market Cap, as Binance CEO Commits to Working with Authorities to Ensure Compliance

Binance USD, a major stablecoin issued by crypto exchange Binance, has reached its $10B market cap milestone and has entered the top 10...

Barclays customers in the U.K. can no longer transfer funds to Binance

Barclays clients based in the U.K. can no longer use a credit or debit card to make payments to the exchange until further notice.

The post Barclays customers in the U.K. can no longer transfer funds to Binance appeared first on The Block.

Future Views of Regulated Cryptocurrency Markets

Cryptocurrency is a new financial instrument whose main rival is traditional fiat currencies. Given the growing demand for digital assets, many countries...

U.S. IRS may be Eyeing Illicit Bitcoin Trading on Telegram

The U.S. IRS has been keeping a closer watch on illicit Bitcoin trading on Telegram that involves criminals using the app for money laundering.

Bitcoin falls to three-week low as IRS seeks approval for reporting rules

LONDON (Reuters) - Bitcoin fell to a three-week low on Tuesday amid signs of institutional investor caution, while the head of the U.S....

U.S. IRS chief says needs congressional authority for cryptocurrency reporting

WASHINGTON (Reuters) - U.S. Internal Revenue Service chief Charles Rettig said on Tuesday that Congress needs to provide clear statutory authority for the...

Kraken Launches New Mobile App for Crypto Trading in the U.S.

Crypto exchange company Kraken announced Wednesday to launch a new mobile app for cryptocurrency trading. The mobile app has been available in Europe...

U.S. Treasury Requests Report to IRS for Crypto Transfers Over $10,000

The U.S. Treasury Department proposed Thursday that cryptocurrency transactions of more than $10,000 are required to report to the U.S. Internal Revenue Service (IRS). In a proposal...

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