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Nalezeno "RS-CI": 57

After Three Years, Circle Reveals USDC Reserves


It took nearly three years for US-based crypto company Circle, the issuer of major stablecoin USD Coin (USDC), that is preparing to go public, to finally reveal how this token is backed. In their latest attestation report, prepared by auditors at Grant Thornton, the company said that, on May...

IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract


The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency...

Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance


Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory...

IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users


A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts...

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