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Malaysia cracks down on crypto tax evaders with Ops Token
17.6.2024
IRB official Datuk Abu Tariq Jamaluddin warns crypto traders to declare taxes or face compliance actions
Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion
16.6.2024
Malaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from cryptocurrency trading. The initiative, involving 38 personnel...
Nigeria Drops Tax Evasion Charges Against Binance Executives
15.6.2024
Nigerian authorities dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the cryptocurrency exchange appointed a local representative to represent it in ongoing court cases. Following the decision, Binance stated that it awaits the court’s...
Nigeria defends Binance exec prosecution amid US lawmakers' criticism
6.6.2024
The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of law
Billionaire Bitcoin Advocate Michael Saylor Agrees to $40 Million Settlement in Tax Evasion Case
3.6.2024
The billionaire Bitcoin advocate Michael Saylor has reportedly agreed to pay $40 million to settle an income tax evasion dispute with the District of Columbia Attorney General. The settlement ended the Attorney General’s lawsuit, in which it accused Saylor of falsely claiming to be a resident...
MicroStrategy and Michael Saylor settle tax case for $40M
3.6.2024
In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia
Binance official’s wife demands medical care for detained husband
29.5.2024
Mark Mordi, Gambaryan’s legal representative, notified the court on May 22 that his client had been unwell since the previous trial date and was still experiencing health problems
Binance executive collapses during Nigeria trial for money laundering
24.5.2024
Gambaryan missed a court appearance on tax evasion charges but managed to attend the money laundering trial on the same day
Nigerian Prison Agency Held Responsible for Court Absence of Jailed Binance Executive
23.5.2024
The Nigerian Correctional Service recently faced accusations of failing to bring Tigran Gambaryan, a jailed Binance executive, to a court hearing on May 22. A lawyer representing the Nigerian revenue collection agency subsequently requested the court to adjourn proceedings. This would allow him...
Nigerian Court Adjourns Binance Tax Evasion Trial to June 14
23.5.2024
The Federal High Court in Abuja has adjourned the tax evasion case against Binance Holdings Limited and its executive, Tigran Gambaryan, till June 14 due to Gambaryan's absence.
The post Nigerian Court Adjourns Binance Tax Evasion Trial to June 14 appeared first on Cryptonews
Nigerian prison fails to bring Binance exec to court
23.5.2024
Prosecution counsel Moses Idehu requested a brief stand-down of the case, seeking to temporarily adjourn the matter later to resolve the issue
Nigerian Court Rules Tigran Gambaryan Can Face Tax Evasion Charges on Behalf of Binance
18.5.2024
The Binance executive, Tigran Gambaryan, who is currently in jail, has been deemed eligible by a Nigerian court to represent the cryptocurrency exchange in its ongoing tax evasion trial. A spokesperson for Binance stated that the charges against Gambaryan are entirely without merit, and he should...
Nigerian Court Rules Tigran Gambaryan Can Face Tax Evasion Charges on Behalf of Binance
18.5.2024
The Binance executive, Tigran Gambaryan, who is currently in jail, has been deemed eligible by a Nigerian court to represent the cryptocurrency exchange in its ongoing tax evasion trial. A spokesperson for Binance stated that the charges against Gambaryan are entirely without merit, and he should...
International Monetary Fund Tells Nigeria To Regulate Crypto Trading Platforms
10.5.2024
The International Monetary Fund (IMF) has recommended Nigeria regulate crypto trading platforms, a new staff report by the United Nations’ financial agency released Thursday states. The country has been under increased international scrutiny for the detainment of two Binance executives after...
Binance CEO Claims Nigeria Demanded Secret Settlement From Now Detained Binance Executive In January
7.5.2024
Now detained Binance executive Tigran Gambaryan and fellow representatives of the crypto exchange were allegedly pressured by an unnamed government official to accept a secret settlement, Binance CEO Richard Teng revealed in a blog post on the company’s website Tuesday. News of the alleged bribe...
Australian Tax Office seeks data from 1.2 million crypto exchange users: Report
7.5.2024
The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office
Australia Tax Office Sets Sights On Crypto Exchanges’ Client Data, Bank Details
7.5.2024
The Australian Tax Office is demanding annual transaction details from crypto exchanges in a move to tackle potential tax evasion. This crackdown aims to ensure investors correctly report their crypto gains and pay any capital gains taxes owed.
The post Australia Tax Office Sets Sights On Crypto...
Nigerian SEC Set To Meet With Foreign Crypto Exchanges Amid Regulatory Crackdown: Report
3.5.2024
The Nigerian Securities and Exchange Commission (SEC) will meet with crypto exchanges to discuss the state of crypto regulation in the African nation, a Friday report from CoinTelegraph reveals. News of the meeting comes as Binance executives Nadeem Anjarwalla and Tigran Gambaryan face charges...
Bitcoin.com Addresses Charges Against Early Investor and Founder Roger Ver
30.4.2024
On April 30, 2024, the U.S. Department of Justice (DOJ) detained Roger Ver, a trailblazing investor in bitcoin, on accusations of tax evasion and submitting fraudulent tax returns. The following update is accompanied by a statement from Bitcoin.com regarding the allegations against the company’s...
IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year
15.4.2024
Guy Ficco, the IRS Criminal Investigation Chief, says the agency is prepared for a significant uptick in crypto-related tax evasion cases amid the tax filing season.
The post IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year appeared first on Cryptonews