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Employees of Korea’s financial regulator ordered to report crypto holdings
27.4.2021
Korea is strengthening its crypto regulations, imposing reporting requirements on all employees of its Financial Services Commission
Ohio senator wants clarity for crypto tax reporting in proposed bill
20.4.2021
Senator Rob Portman said lawmakers were "still pulling in information" on crypto to formulate the bill, implying he announced it to the public prematurely
South Korean City Threatens to Seize Cryptos From Tax Evaders
16.4.2021
Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings. 511 Individuals in the Authorities’ Eyes...
OKEx Korea crypto exchange to shut down as new reporting laws take effect
23.3.2021
OKEx Korea announced that it's shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday
Ahead of IPO, Coinbase Pays CFTC $6.5 Million to Settle False Reporting, Wash Trading Charges
20.3.2021
The Commodity Futures Trading Commission (CFTC) has fined cryptocurrency exchange Coinbase $6.5 million “for reckless false, misleading, or inaccurate reporting as well as wash trading.” This enforcement action came as Coinbase is getting ready for its initial public offering (IPO)...
Report all crypto transactions or face 5-year jail term in South Korea
16.3.2021
Strict reporting rules for crypto businesses in South Korea are set to come into effect with existing firms given six months to comply or face stiff penalties
IRS clarifies reporting requirements for crypto bought with fiat
3.3.2021
The United States IRS has clarified that crypto investors who only purchased digital assets using fiat and did not sell during 2020 do not need to report said activities
Chainlink Launches Off-Chain Reporting for High Scalability
25.2.2021
After a hectic and frenzied year of activity, development, and frequent security audits, Chainlink finally launched its Off-Chain Reporting (OCR) on the Mainnet. OCR will greatly enhance the effectiveness of how data is aggregated across Chainlink oracles. The update will also vastly improve...
Reddit Post Reporting Tesla’s Bitcoin Purchase From a Month Ago Was a Hoax
11.2.2021
A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. Reddit User Says He Was High on Acid When Writing It Tesla’s record-breaking bitcoin purchase stunned the markets earlier this...
FinCEN’s Wallet Rule Aims to Close Crypto-Cash Reporting Gap, Official Says
1.2.2021
FinCEN Deputy Director Michael Mosier encouraged commenters to provide practical, technical feedback on the rule
US crypto firms invest in tax solutions as IRS updates reporting forms
7.1.2021
Coinbase Ventures, PayPal Ventures and Winkelvoss Capital have all invested in cryptocurrency tax automation software provider TaxBit
Voyager Digital Reports 75% Revenue Rise in Q4, Cites Increased Crypto Adoption
5.1.2021
The Canadian crypto broker said its revenue growth was due to the growing adoption of cryptocurrency
Bringing carbon emissions reporting into the new age via blockchain
29.12.2020
Blockchain can bring transparency and traceability to mining and metal supply chains, although data challenges may hamper successful use cases
Crypto taxes, reporting and tax audits in 2021
28.12.2020
Just remember, the IRS is quite interested in crypto and is taking steps to unearth those who do not report
Chinese State Media Surprises With Forecast of Bitcoin Outshining Gold
15.12.2020
Chinese state-operated media outlets keep adding cryptocurrencies — specifically bitcoin — on their reporting agenda. Lately, they have been replicating bitcoin predictions that are surprising in some way to the crypto community due to the number of mentions on the matter since several...
OECD Says It Is Working on Crypto Tax Reporting Standards for 2021
27.11.2020
The Organisation for Economic Co-operation and Development (OECD) looks set to adopt an international set of standards that will change the way crypto taxes are reported – and the body is ready to apply the same kind of tax standards as it uses to police conventional finance in its efforts to...
Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting
12.11.2020
Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders if passed
Chapter 5: Publishing
9.11.2020
Not long after HotWired launched on the web in 1994, Josh Quittner wrote an article entitled “Way New Journalism” for the publication. He was enthusiastic about the birth of a new medium.
I’m talking about a sea change in journalism itself, in the way we do the work of reporting and presenting...
Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption
29.10.2020
Publicly traded digital-asset brokerage Voyager Digital registered four-digit growth in revenue in the last fiscal year
New York’s Financial Regulator Targets Crypto Firms for Digital Reporting Initiative
15.10.2020
The New York Department of Financial Services intends to digitize financial reporting in a tech initiative that will initially focus on cryptocurrency companies