U.S. Cryptocurrency Users Face Stricter IRS Scrutiny
The IRS has introduced stringent reporting requirements for U.S. cryptocurrency transactions over $10,000, raising concerns about compliance challenges and potential legal repercussions.
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A whale increased its holdings of XPL by $30 million, leaving over $40 million in funds for further increases.
27/09 16:06
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KikyoIRS Implements Stricter Reporting Requirements for Cryptocurrency Transactions
Effective January 1, 2024, these tax reporting obligations emerged as part of the infrastructure bill signed into law by United States President Joe Biden in November 2021.
AlexCrypto Markets Fluctuate as Bitcoin ETF Decision Looms
Crypto markets witnessed turbulence as Bitcoin and related stocks reacted to expectations of imminent approval for spot Bitcoin ETFs by regulators. Bitcoin's value dipped 5%, alongside declines in major crypto-related stocks, reflecting anticipation and uncertainty in the market.
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