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Nalezeno "reporting": 286

FATF’s Annual Crypto Review Highlights ‘Continued Use of Anonymity Tactics’ and ‘Lack of Effective’ Regulation

26.6.2021
The Financial Action Task Force (FATF) has published the organization’s 12-month review and the research highlights that only 45% of the 128 reporting jurisdictions have complied with AML/CFT policy and FATF recommendations. The annual review stresses that the “lack [of]...

More IRS crypto reporting, more danger

11.6.2021
The U.S. authorities are becoming seriously interested in crypto, making unreported crypto more dangerous

Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

2.6.2021
The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M...

Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

30.5.2021
Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that...

US Treasury Unveils Biden’s Proposed Tax Measures — Cryptocurrency Transfers Over $10,000 to Be Reported to IRS

20.5.2021
The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more...

Grayscale's diversified crypto fund files to become SEC reporting company

13.5.2021
Grayscale Investments has filed to make its $630 million diversified large-cap crypto fund an SEC reporting company

Court orders Kraken to provide information on user transactions to the IRS

6.5.2021
A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS

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...