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SEC to Crypto Companies: There Are Benefits to Self-Reporting Violations and Working With Us
1.3.2022
The U.S. Securities and Exchange Commission (SEC) has revealed that there are benefits for cryptocurrency companies to self-report their violations of securities laws to the regulator. While noting that there will be no amnesty, the SEC enforcement director said, “We’ll view their...
Crypto firms may still face SEC penalties for self-reporting securities laws violations: Report
28.2.2022
SEC enforcement director Gurbir Grewal reportedly said the agency wouldn't be ignoring the funds or securities laws violations for crypto companies that come to them
How to Avoid the Five Most Common Crypto Tax Mistakes I Cointelli
24.2.2022
The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli. “You don’t have to pay taxes on crypto” One very common...
Climate-focused Hyphen aims to hold companies accountable for eco-data reporting
15.2.2022
“Corporations need the ability to accurately track and report their scope 1, 2, and 3 emissions in order to establish baselines to work from in order to reach climate commitments,” says Miles Austin, the CEO of Hyphen
Crypto miners exempt from IRS reporting rules, US Treasury affirms
14.2.2022
The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations
ZenLedger Announces Fantom Support for Crypto Tax Reporting
8.2.2022
ZenLedger recently announced native support for the Fantom network. The integration will allow Fantom users to access crypto tax reporting services. The solutions will help the users simply calculate taxes, manage crypto portfolios, and generate needed tax documents. Given the precision...
Crypto Users and Exchanges Must Now Report Transactions in Colombia
6.2.2022
The Colombian government has issued new regulations that force exchanges and individuals to report cryptocurrency transactions to the UIAF, the anti-money laundering watchdog in Colombia. The transactions must be reported via an online reporting system, and exchanges will be required to issue...
Decentralized autonomous organizations: Tax considerations
6.2.2022
Much has been said about the legal implications of DAOs, but little attention has been paid to the tax and reporting considerations for DAOs and their token holders
Crypto Tax Trends in 2022: Increased Reporting, Updated Rules, and a Wealth Tax Debate
23.1.2022
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Crypto isn’t a secret anymore, and nowhere is this more apparent than in the concerted efforts of various governments to make sure crypto traders pay taxes on their gains. 2021 saw an increasing movement towards the creation of taxation regimes for crypto, and 2022 might see more...
Things to know (and fear) about new IRS crypto tax reporting
4.12.2021
The new law redefines "cash" to include "any digital representation of value" including cryptocurrency, but in an anonymous system, is this going to work?
South Korean regulator proposes strict new rules for token issuers
26.11.2021
The FSC wishes to establish a system that would recover illegally gained funds, dole out criminal punishments, and protect investors from future malfeasance
US lawmakers introduce bill to 'fix' crypto reporting requirement from infrastructure law
18.11.2021
The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker
President Biden signs infrastructure bill into law, mandating broker reporting requirements
15.11.2021
Crypto was absent from every speaker's lips during the signing ceremony, with bipartisanship and jobs seeming to be the theme of the afternoon
‘Pernicious’ Reporting Clause Irks US Crypto Industry as House Votes on Infra Bill
5.11.2021
US Congress could finally approve or reject the much-maligned Infrastructure Bill today after the draft law was finally slated for a vote.
The ruling Democratic Party has a narrow eight-seat majority and will likely need a near-unanimous vote in favor with few or no abstentions for the measure...
The ‘Holding Billionaires Accountable’ Lie — Media, Big Tech Fact Checkers Mischaracterize Angst Toward Biden’s Tax Proposal
17.10.2021
U.S. citizens and financial institutions are concerned about the Biden administration’s goals to get banks to report to the Internal Revenue Service (IRS) aggregate inflows from a customer’s bank account annually that exceed $600. Mainstream media is reporting and Big Tech’s...
29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down
28.9.2021
The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto...
Ground Reports Concerning Salvadoran Bitcoin Law Highlight False Narrative Painted by Influencers
15.9.2021
On Tuesday, Bitcoin.com News spoke with Marc Falzon, an individual who has been documenting the bitcoin rollout in El Salvador since the law was implemented on September 7. Falzon says that there are a number of issues that no one is talking about in regard to the bitcoin law and the Chivo wallet...
Grayscale’s BCH, LTC, ETC Trusts Now One Step Closer to Becoming ETFs
11.9.2021
On Friday, Grayscale Investments, the world’s largest digital currency asset manager in terms of assets under management (AUM), revealed that three trusts have been filed with the Securities and Exchange Commission (SEC) in order to become SEC reporting companies. The three trusts include...
Cryptowisser : Cryptocurrency Likely to Be More Environmentally Friendly Than Traditional Banks
6.9.2021
PRESS RELEASE. Leading Crypto service comparison site – Cryptowisser deep dives into the environmental future of cryptocurrency. Despite major scrutiny from traditional media and press, cryptocurrency possibly remains more environmentally friendly than traditional banks, just no one...
The VeChain Carbon Footprint Tool Improves Pollution Reporting
27.8.2021
VeChain’s SaaS platform will empower companies with a solution that can record pollution output and link the data to third-party organizations to verify the reports. As opposed to the questionable measurement techniques available now, by using this new tool, VeChain aims at using blockchain...