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Larry Harmon, an Ohio resident, has been sentenced to three years in prison for laundering more than $300 million worth of Bitcoin through his darknet service, Helix, according to Bloomberg. The platform operated a tool designed to obscure the origins…
BTC
Bitcoin
News
The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto brokers and taxpayers will use to report digital asset transactions. According to the Aug. 9 update, the new draft has removed several…
Feature
While industry advocates have welcomed the finalized crypto tax measures after years of wrangling, messy deliberations about non-custodial providers still lie ahead. It’s been a long time consuming, but the Internal Revenue Service and the Treasury Department have finally agreed…
Opinion
Hackers slipped back into their old habits and once again began targeting large, data-rich organizations with lots of cash and digital assets.
News
FTX agreed to pay the Internal Revenue Service $885 million to settle a $24 billion tax claim the agency levied during bankruptcy proceedings.
Opinion
Tokenization of the world’s finances is the direction in which the global financial systems, markets, and institutions are inevitably headed.
Opinion
This is Part Three of a three-part series interview with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, conducted by Selva Ozelli exclusively for crypto.news.
Opinion
If this article makes you realize you forgot to report your crypto gains in past years, consider amending it to fix it. Don’t wait for the IRS to find you.
Opinion
With increased worldwide regulatory scrutiny, technological innovation, market competition, and evolving consumer trends, the landscape of crypto exchanges will evolve rapidly.
News
IRS and Treasury say businesses do not have to report cryptocurrency receipts until new regulations are issued. In a press release on Jan. 16, the Internal Revenue Service (IRS) said in a joint statement with the U.S. Treasury Department that…
Opinion
In 2024, the IRS will focus on compliance initiatives associated with high-income and high-wealth taxpayers. For institutions, noncompliance can result in exclusion from access to US markets.
News
Blockchain company Consensys has urged careful consideration from the IRS regarding proposed crypto regulations, citing concerns over complexity and potential industry overhaul. In a blog post on Dec. 21, Consensys, a blockchain software developer behind MetaMask and Infura, raised concerns…
BTC
Bitcoin
News
Crypto investigations are no longer focused on money laundering as about half of the crypto probes in 2022 involved tax, the IRS says. As per a Bloomberg report, Jim Lee, head of the Internal Revenue Service’s (IRS) criminal investigation division…
News
Cryptocurrency exchange Kraken will share selected user information with the IRS starting from the next month.
News
Coinbase's tax leader has requested the IRS to reconsider its proposed cryptocurrency tax guidelines.
News
The US Department of the Treasury and the Internal Revenue Service (IRS) have proposed new guidelines detailing the reporting duties of cryptocurrency brokers.
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