The enforcement of this new tax law reflects the IRS' attempt to address tax evasion concerns in the crypto space. However, ambiguity and lack of guidance pose challenges to users and businesses, potentially impacting the industry's growth and development.
EdmundPreviously, investigations were primarily focused on money laundering- but now
AlexThe IRS is escalating efforts against crypto tax evasion, with over half of recent investigations focusing on tax-related issues. The surge in digital asset adoption has led to an increase in tax-related probes, prompting the IRS to formulate new regulations targeting brokers and intermediaries in the crypto space. The proposed measures, seeking input until January 25, 2024, will be integrated into the American Families Plan Act of 2023, reinforcing reporting requirements for crypto transactions exceeding $10,000.
Huang Bo
JinseFinanceBinance, the world's largest cryptocurrency exchange by volume, is no stranger to tussles with regulators around the world.
decryptThe company today announced another round of layoffs, one day after saying that it was “winding down” support for NFTs.
decryptWhile a classic technical indicator could be hinting at BTC price falling below $13,000 as well.
CointelegraphInvestors need a plan to cater for every eventuality, as analysts still focus on $16,000 as a downside target.
CointelegraphArthur Hayes, the Former CEO of Bitmex, harped on the potential of Ethereum registering $10,000 in value by the end ...
Bitcoinist5ire is a blockchain based on the NPoS (Nominated Proof of Stake) consensus mechanism with "Proof of 5ire" as its core technology.
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