Internal Revenue Service

The IRS made headlines by focusing on crypto tax compliance. Discover the implications for your investments and strategies to stay ahead.

Bitcoin·Donald Trump·

7 months ago

Bitcoin Advocate Roger Ver Settles $50 Million Tax Dispute with U.S. Authorities

Roger Ver’s Deferred Prosecution Agreement Roger Ver, famously dubbed “Bitcoin Jesus,” has come to a deferred prosecution agreement with the United States Department of Justice (DOJ) to settle a significant federal tax

21Shares·

11 months ago

Crypto Market Sentiment for 2025-05-27

Cryptocurrency Market Sentiment The overall sentiment in the cryptocurrency market appears to be positive, supported by a blend of notable price recoveries and important developments in the regulatory landscape. Key highlights include:

Apple·

1 year ago

Crypto Market Sentiment for 2025-05-03

Overall Market Sentiment: Neutral to Slightly Positive Key Events/Trends: Regulatory Developments: The UAE has established itself as a proactive regulatory environment, with Ripple securing a license from the DFSA, enhancing confidence in

Cato Institute Critiques U.S. Taxation on Bitcoin, Calling It a Barrier to Daily Transactions

Critique of Bitcoin Tax Framework A recently released paper by the Cato Institute critiques the current tax framework governing Bitcoin transactions in the United States, suggesting that it severely hampers the effective

3 weeks ago

Bitcoin·Legal

Tax-Free Transactions for Stablecoin Payments Under Proposed PARITY Act Revision

Overview of the Digital Asset PARITY Act Revision A significant revision to the Digital Asset PARITY Act is underway in Washington, which could change the tax implications of using regulated stablecoins for

3 weeks ago

Legal

Coinbase Raises Alarm on Complexity of Emerging U.S. Crypto Tax Reporting Regulations

Concerns Over New Federal Tax Reporting Obligations Coinbase, a leading cryptocurrency platform in the United States, has raised concerns regarding the complexities surrounding new federal tax reporting obligations imposed on digital asset

2 months ago

Bitcoin·Legal

Lawmakers Propose Tax Reforms for Stablecoin Transactions and Staking Rewards

New Proposal for Simplified Crypto Tax Reporting A new proposal from U.S. representatives aims to simplify tax reporting for everyday transactions involving stablecoins while introducing updated regulations around staking and mining income.

5 months ago

Bitcoin·Legal

Maximizing Cryptocurrency Tax Deductions: A Guide to Fees, Strategies, and Business Expenses

Tax Deductions for Cryptocurrency Transactions Individuals engaged in cryptocurrency transactions can effectively lower their tax obligations by taking advantage of a variety of deductions permissible under tax law. This includes not only

5 months ago

Legal

FASB Initiates Reforms for Cryptocurrency Transfer Accounting

FASB Refines Accounting Practices for Digital Assets In a significant development for the cryptocurrency sector, the Financial Accounting Standards Board (FASB) has announced its decision to refine the accounting practices related to

6 months ago

Bitcoin·Legal

Senator Todd Young urges IRS to reconsider cryptocurrency staking tax rules amid calls for clarity

Senator Todd Young’s Call for IRS Reevaluation Indiana Senator Todd Young is pressing the Internal Revenue Service (IRS) to reevaluate its taxation policies regarding cryptocurrency rewards obtained through staking. Under the current

6 months ago

Bitcoin·Legal

Brazil considers taxing international cryptocurrency transactions as it aligns with global reporting standards

Brazil’s Regulatory Shift on Cryptocurrency Transactions In a significant regulatory shift, Brazil is contemplating the implementation of a tax on cryptocurrencies utilized for international transactions. This initiative is aligned with the country’s

6 months ago

Bitcoin·Legal

Roman Storm Appeals Against Money Transmission Conviction Linked to Tornado Cash

Roman Storm’s Legal Battle Roman Storm, one of the creators of the cryptocurrency mixing service Tornado Cash, has formally requested a judge in the United States to dismiss his conviction for operating

7 months ago

Hack·Legal

The IRS’s Escalating Efforts to Monitor Cryptocurrency Tax Compliance

IRS Enhancements in Cryptocurrency Monitoring Since 2017, the Internal Revenue Service (IRS) has significantly enhanced its capabilities to monitor cryptocurrencies, evolving from focused investigations of individual traders to extensive data requisitions from

8 months ago

Bitcoin·Legal

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Internal Revenue Service

Bitcoin Advocate Roger Ver Settles $50 Million Tax Dispute with U.S. Authorities

Crypto Market Sentiment for 2025-05-03

Cato Institute Critiques U.S. Taxation on Bitcoin, Calling It a Barrier to Daily Transactions

Tax-Free Transactions for Stablecoin Payments Under Proposed PARITY Act Revision

Coinbase Raises Alarm on Complexity of Emerging U.S. Crypto Tax Reporting Regulations

Lawmakers Propose Tax Reforms for Stablecoin Transactions and Staking Rewards

Maximizing Cryptocurrency Tax Deductions: A Guide to Fees, Strategies, and Business Expenses

FASB Initiates Reforms for Cryptocurrency Transfer Accounting

Senator Todd Young urges IRS to reconsider cryptocurrency staking tax rules amid calls for clarity

Brazil considers taxing international cryptocurrency transactions as it aligns with global reporting standards

Roman Storm Appeals Against Money Transmission Conviction Linked to Tornado Cash

The IRS’s Escalating Efforts to Monitor Cryptocurrency Tax Compliance

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Morgan Stanley’s Cryptocurrency Trading Initiative Set for Launch in 2026

Kraken and MoneyGram Join Forces for Global Crypto-to-Cash Service

Ripple’s David Schwartz Challenges Craig Wright’s Claims on Satoshi Nakamoto Identity

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