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Friendliest of them all? These could be the best countries for crypto
23.11.2020
The level of freedoms that the U.S. has provides an argument for the country as the most crypto-friendly location, although Puerto Rico also has its benefits
U.S. law firm says IRS is coming after Coinbase users who evade taxes
11.11.2020
Once an IRS investigation or audit is opened, it's too late to make amends, warn tax lawyers
Second Stimulus Checks: When Direct Payments to Americans Will Come Under Joe Biden
9.11.2020
The outcome of the U.S. presidential election is affecting how fast Americans will receive their second stimulus checks. With Joe Biden named the president-elect, Americans are eager to know how soon they will receive the second round of direct payments. When Second Stimulus Checks Are Coming Many...
South Korea To Ban Crypto Exchanges From Handling Privacy Coins
6.11.2020
South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. ● The ban is with effect from March 2021. In an update to crypto...
How the IRS tracks down people who don’t report their crypto
30.10.2020
The United States tax authority doesn't seem to be very efficient when it comes to tracking down who owes crypto taxes — for now
Winklevoss’ Gemini exchange to count crypto taxes in real time
29.10.2020
TaxBit’s tool will allow Gemini customers to increase their tax refund
PayPal’s Crypto Offering May Be ‘a Huge Headache’ for Taxpayers
26.10.2020
PayPal opening its network to cryptocurrencies could create a serious tax headache for users
Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note
26.10.2020
PLUS: Ethereum developer Virgil Griffith's legal defense, PayPal's dropped client and more
Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS’ Draft 2020 Guidance
26.10.2020
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form
Will PayPal’s crypto offer turn into a tax nightmare?
22.10.2020
U.S. capital gains tax laws are likely to catch out many new users of PayPal's cryptocurrency payments system
Amid IRS bounty and competitor progress, Monero developers ship a major update
18.10.2020
A new Monero update brings improvements in performance, speed, and security amid increased scrutiny from law enforcement and developments from competitors
Coinbase Received 1,900 Requests for Client Info From Law Enforcement During First Half of 2020
17.10.2020
Coinbase has revealed that it received a total of 1,914 requests for customer data from global law enforcement agencies during the first six months of 2020. It is, however, not clear how many of the requests were fulfilled. In its first so-called“transparency report” published Friday...
Better regulation needed to stop crypto tax evaders from running wild
10.10.2020
U.S. regulators are starting to track crypto more seriously, and that’s a good sign for all crypto holders
John McAfee Arrested, Indicted for $23 Million Illegal Crypto Pumping and Tax Evasion in US
6.10.2020
John McAfee has been arrested and indicted for tax evasion, the U.S. Department of Justice announced. The cybersecurity entrepreneur has also been charged with fraudulently pumping cryptocurrencies by the U.S. Securities and Exchange Commission. McAfee Fraudulently Pumped Tokens The U.S. Department...
Dash should not be considered a privacy coin, Dash team says
3.10.2020
What a statement from a coin whose white paper originally proclaimed it as “a privacy-centric cryptographic currency."
Open sesame: Will ‘cracking’ Monero reveal treasure or fool’s gold?
3.10.2020
Three blockchain analytics firms reportedly have Monero-tracking abilities, which could affect XMR price — but can anyone actually track it?
Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority
3.10.2020
Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year. On Oct. 2, Coinbase sent...
Cashless future ahead? Utopian digital dream with dystopian inequality
2.10.2020
A society without paper money might be a less equitable society. Those lacking digital connectivity would suffer
Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero
2.10.2020
Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1.25 million contract to provide tools that break the privacy-focused coin, monero, for the U.S. Internal Revenue Service (IRS). Floated early September, the one-year contract specifically covers...
Chainalysis and Texas firm win million-dollar IRS contract to crack Monero
30.9.2020
The IRS has named the winners of its bounty program to track transactions on privacy tokens and layer-2 protocols