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Crypto staking Jarretts again sue IRS over block reward taxes
11.10.2024
A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid.
Fed’s Rate Cut Could Spell Disaster, Microstrategy Buys More Bitcoin, and More — Week in Review
22.9.2024
Peter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans to buy more bitcoin after raising $1.01 billion from a private offering. A bitcoin investor faces up to three years in prison...
Binance exec’s mother pleads with US gov’t to secure his release
18.9.2024
Detained in Nigeria for more than six months and with reported deteriorating health, Tigran Gambaryan likely won’t return to court until Oct. 9
Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains
15.9.2024
A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions...
CFTC Teams up With SEC to Fight Cryptocurrency Scams
14.9.2024
The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers...
Court Sentences Missouri Man to 3 Years in Prison for Crypto and Tax Fraud
12.9.2024
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of...
IRS Unveils Overhauled Crypto Tax Form With No Address Disclosure Requirements
10.8.2024
The U.S. Internal Revenue Service (IRS) has unveiled an updated Form 1099-DA for reporting digital asset transactions, introducing key changes that may address past criticism and privacy issues. This new version, reportedly set to be partially implemented in 2025, removes several contentious...
IRS updates draft of crypto reporting form for US taxpayers
9.8.2024
The latest draft form eliminated asking US taxpayers the time of day a crypto transaction occurred and identifying the “broker type.”
IRS Shares New Crypto Tax Form, Invites Industry Input
9.8.2024
The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA
US policy group proposes Bitcoin tax-free zone for digital economy growth
8.8.2024
The USABTC policy group proposes a groundbreaking tax-free Digital Economic Zone (DEZ) for Bitcoin to boost the US economy while securing the dollar's global dominance
US to establish Bitcoin tax-free zone for digital economy growth
8.8.2024
The USABTC policy group proposes a groundbreaking tax-free Digital Economic Zone (DEZ) for Bitcoin to boost the US economy while securing the dollar's global dominance
RFK Jr. Pledges to Ensure US Government Holds 4 Million Bitcoins as Strategic Reserve if Elected President
27.7.2024
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase 550 bitcoins daily until a strategic reserve of...
RFK Jr. promises BTC strategic reserve, dollar backed by hard assets
27.7.2024
The presidential hopeful gave Bitcoin eloquent praise as a future support for the US economy and way to fix broken American money and society
RFK Jr. promises BTC strategic reserve, dollar backed by hard assets
27.7.2024
The presidential hopeful praised Bitcoin eloquently as a future support for the US economy and a way to fix broken American money and society
RFK Jr. promises BTC strategic reserve, dollar backed by hard assets
27.7.2024
The presidential hopeful praised Bitcoin eloquently as a future support for the US economy and a way to fix broken American money and society
Sacked Northern Data Execs File Suit Against Tether-Backed Company, Alleging Fraud
5.7.2024
Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion
EU MiCA stablecoin regulations come into effect: Law Decoded
1.7.2024
Noncompliant stablecoin issuers could potentially exit the EU market entirely, with a shift toward euro-backed stablecoins as demand picks up in European markets
Treasury and IRS Announce Digital Asset Tax Reporting Regulations
30.6.2024
The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate...
IRS reveals final regulations for crypto broker rules
29.6.2024
The Internal Revenue Service did not include decentralized exchanges or self-custodial wallets under its broker reporting requirements
U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians
28.6.2024
The IRS has now set up its reporting system for crypto brokers, but it set aside related rules for DeFi and unhosted wallets as it continues to study 44,000 comments to the agency