IRS Seizes $3.5B Worth of Crypto in the Year 2021, Expects a More Prominent Figure in 2022
In 2021, the IRS seized $3.5 billion in crypto, accounting for 93 percent of all assets confiscated. The agency anticipa ...
Binance Announces its Registration in Netherlands Despite a Warning from the Central Bank
The Dutch central bank (DNB) issued a warning against Binance earlier today, claiming that the cryptocurrency exchange i ...
U.S. Treasury Department Set to Clarify Crypto Tax Rules in Infrastructure Bill
The United States Treasury Department is reportedly seeking to clarify the definition of brokers in the highly debated i ...
US Treasury Seeks to Assuage Concerns on Crypto Tax Rules
The United States Treasury Department, which controls both the Internal Revenue Services (IRS) and the Financial Crimes ...
Blockchain Innovation Needs Smarter Legislation: Stellar CEO
Denelle Dixon, CEO of Stellar Development Fund (SDF) has shown support to the crypto-friendly Wyden-Toomey-Lummis infras ...
Senators Continue Negotiation on Regulating the Crypto Industry
U.S. senators continue to deliberate over a $1 trillion infrastructure bill with a particular focus on how the bill plan ...
Crypto Traders Express Fear Even as Bitcoin Soars Above $40,000
Crypto traders raked in significant gains over last week, with Bitcoin breaching its $40,000 resistance while climbing u ...
US Senate Proposes Crypto Taxes to Fund $550 Billion Infrastructure Deal
The US Senate is considering tighter restrictions against crypto traders and investors to generate more taxes that would ...
U.S. IRS may be Eyeing Illicit Bitcoin Trading on Telegram
The U.S. Internal Revenue Service (IRS) has been keeping a closer vigil on the alleged illicit Bitcoin trading on Telegr ...
Crypto Transfers Over $10k Soon to be Reported to IRS
Crypto transactions of at least US$10,000 would have to soon be reported to the Internal Revenue Service (IRS) as the US ...