2022-6-30 23:15 |
The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024.
Similar to Notcoin - Blum - Airdrops In 2024
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DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules.
2023-5-17 20:12 | |
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The Treasury Department is looking to add more crypto reporting requirements in the reconciliation bill. On the one hand, the Treasury wants to introduce more rules for cryptocurrency transaction reporting; on the other hand, the officials of the department have been telling media that the crypto community’s fear about tax provision in the $1 trillion […] The post Treasury Seeking More Crypto Reporting Requirements, Global Data-Sharing, in Reconciliation Package first appeared on BitcoinExchangeGuide.
2021-8-31 17:05 | |
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According to Zachary Kelman, Republicans and moderate Democrats may know the tax reporting requirements for crypto firms are impossible, but want to have a provision to fund some of the projects without raising taxes.
2021-8-18 22:00 | |
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Global crypto exchange Gate. io has unveiled a campaign dubbed the Super Mystery Box Giveaway meant for new users in the next two months. According to the company through a press release, the campaign will give new users a chance to win up to $1 million in prizes.
2021-8-17 12:49 | |
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Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill.
2021-8-16 01:37 | |
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The US Treasury Department is set to clarify what exactly entails “broker” for the purpose of reporting to the Internal Revenue Service after the crypto tax provision of the controversial $1 trillion bipartisan infrastructure bill was passed in its original form that overreaches to cover miners, developers, stakers, and validators to report information on clients […] The post US Treasury to Ease Crypto Concerns by Clarifying A ‘Broker’ Doesn’t Include Those Without Transaction Data: Report first appeared on BitcoinExchangeGuide.
2021-8-14 16:44 | |
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The Crypto. com Coin CRO/USD is the native cryptocurrency token. It serves the role of porting the Crypto. com chain. Crypto. com is a payment, trading as well as financial services company. The next obvious step in Crypto.
2021-8-15 19:16 | |
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Despite the fluctuation in the global cryptocurrency market, South Korean banks are reporting a staggering increase in transaction fees. The post South Korean Banks Report 100% Increase in Crypto Transaction Fees in Q2 appeared first on BeInCrypto.
2021-8-11 22:39 | |
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On Monday, the US Senate rejected a bipartisan amendment to the infrastructure bill that involved reporting crypto gains to the IRS, CNBC reported. The amendment would have defined brokers as entities who would have to report these earnings as income in a 1099 form.
2021-8-11 16:25 | |
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The visceral pushback to Sen. Rob Portman's reporting requirements isn't about avoiding taxes – it's about protecting digital liberties.
2021-8-24 00:00 | |
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On August 7, Ethereum crossed above $3K in an ongoing crypto market rally, hitting a three-month high. ETH Is Breaking Out The past few days have been interesting for the crypto markets. Talk regarding dueling amendments to a cryptocurrency tax reporting requirement in the United States bipartisan infrastructure bill being passed in Congress has been […]
2021-8-8 17:23 | |
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A new proposal to amend the U. S. bipartisan infrastructure bill introduced to the Senate on Sunday could exempt cryptocurrency miners, those staking crypto, and users of their services from reporting and paying tax on their cryptocurrencies.
2021-8-8 14:52 | |
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Senators Rob Portman and Mark Warner proposed an amendment on Thursday to the crypto tax reporting rule that was tabled days earlier by the senate infrastructural bill’s cryptocurrency provision. The new amendment states briefly that the proposed reporting requirements exclude proof-of-work mining as well as the sale of software and hardware that support hot and […]
2021-8-7 16:55 | |
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The cryptocurrency industry’s last-minute lobbying push to amend provisions in the bipartisan infrastructure bill that was completed over the weekend could succeed in eliminating some of the Internal Revenue Service (IRS) scrutiny that stakeholders in the sector would face.
2021-8-5 20:00 | |
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Republicans are far more likely than Democrats to oppose the draconian cryptocurrency provision in the infrastructure bill
2021-8-5 18:15 | |
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Binance announced launching a Tax reporting tool API. This new API tool will allow Binance users to track their crypto activities to ensure they are fulfilling the reporting requirements laid out by tThe post This is one way Binance was 'ready to assist regulators from around the world' appeared first on AMBCrypto.
2021-7-29 00:00 | |
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Криптовалютная биржа Binance запустила новый API, позволяющий клиентам отслеживать свои транзакции с криптоактивами для исполнения налоговых обязательств. Introducing #Binance Tax Reporting Tool API!Track crypto activities and connect to third-party tax vendors to streamline reporting requirements.
2021-7-29 12:11 | |
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Grayscale Investments now has three SEC reporting funds, with the newest addition being the Digital Large Cap Fund. The company has also filed to make three other funds SEC reporting companies. Grayscale Investments, the world’s largest crypto asset manager, made two announcements Monday.
2021-7-13 02:30 | |
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Digital asset manager Grayscale has disclosed a major milestone, it has become a U. S. Securities and Exchange Commission (SEC) reporting company. Many across the crypto industry are celebrating the achievement and speculate on the implication for Bitcoin and other cryptocurrencies that comprised the company’s products.
2021-7-13 21:00 | |
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A local news outlet is reporting that Kazakhstan’s President has signed a law that would force cryptocurrency miners to pay additional fees to operate in the country. The post Kazakhstan Announces New Electricity Surcharges For Crypto Miners appeared first on BeInCrypto.
2021-7-2 21:45 | |
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Several exchanges could press a constitutional appeal against the Korean government and the financial authorities as they face the risk of being banned. The development follows the amended Act on Reporting and Use of Certain Financial Transaction Information.
2021-6-29 04:00 | |
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The Financial Action Task Force (FATF) has published the organization’s 12-month review and the research highlights that only 45% of the 128 reporting jurisdictions have complied with AML/CFT policy and FATF recommendations.
2021-6-26 02:00 | |
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The U.S. authorities are becoming seriously interested in crypto, making unreported crypto more dangerous.
2021-6-12 18:12 | |
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This has been proposed as part of a global data sharing pitch that will help the US receive information from foreign governments on US individuals who are not reporting their crypto transactions and are dodging their US tax liabilities.
2021-6-3 16:13 | |
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Figment Networks, a blockchain infrastructure & services provider, recently announced the launch of its Figment Prime V2 Staking Dashboard. Now live, the upgraded dashboard allows users to track their staking portfolio, validator performance, stay informed on network events & governance proposals, plus keep their earnings organized with exportable rewards reporting files.
2021-6-2 01:31 | |
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Tax reporting for UK-incorporated crypto enthusiasts has never been so easy
2021-5-25 16:11 | |
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Users of the crypto lending platform BlockFi are reporting difficulties in withdrawing funds. The post BlockFi users say they can’t withdraw funds after 701 Bitcoin blunder appeared first on CryptoSlate.
2021-5-22 01:01 | |
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In the latest of a series of moves to regulate the leaping trillion dollar cryptocurrency market, the US treasury has now mandated that Crypto transfers worth $10,000 and above, must be reported to the IRS.
2021-5-21 00:04 | |
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Continued political buzz is abundant lately around crypto, and today is no exception. In a initial report from Bloomberg this morning, the U.S. Treasury has shared intent to require businesses, and likely individuals as well, that transfer $10,000 USD and above in crypto to report the transactions to the IRS. The move is part of […]
2021-5-21 22:13 | |
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Grayscale Investments has filed to make its $630-million diversified large-cap crypto fund an SEC reporting company.
2021-5-13 15:36 | |
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After hitting its new ATH of $4350, Ethereum price was up approximately 7.9% on Wednesday, May 12, 2021, and trading around $4,291 at the time of reporting according to TradingView. ETH Price Push Up Crypto Market Cap The second-largest cryptocurrency shattered its previous all-time high of $4,000 on May 10, en route to reaching $4,345, […]
2021-5-13 19:06 | |
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eBay is keeping an eye out after reporting a weak second-quarter profit forecast as it faces stiff competition from Amazon while the total crypto market cap aims for $2.4 trillion. The post eBay CEO says Company Is Looking at Crypto as Payment Option & Selling NFT on the Platform first appeared on BitcoinExchangeGuide.
2021-5-4 21:14 | |
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Korea is strengthening its crypto regulations, imposing reporting requirements on all employees of its Financial Services Commission.
2021-4-27 08:56 | |
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Senator Rob Portman (R-OH) is creating a bipartisan bill aimed at making life harder for crypto tax evaders. In an interview on CNBC’s Squawk Box on April 20, 2021, the politician made it clear that his bill will foster better information reporting on bitcoin (BTC) and more.
2021-4-22 23:01 | |
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Senator Rob Portman said lawmakers were "still pulling in information" on crypto to formulate the bill, implying he announced it to the public prematurely.
2021-4-21 00:15 | |
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Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings.
2021-4-16 01:30 | |
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At the time of writing, Ethereum, the world's largest altcoin, was reporting its latest ATH on the charts, with the crypto climbing to $2,487 a few hours ago. What has fueled the said surge, however? The post Ethereum: What to expect when Berlin upgrade hits network? appeared first on AMBCrypto.
2021-4-15 12:50 | |
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Charles Rettig suggests legislation requiring transactions in cryptos to be reported the same as securities transactions. The post IRS Commissioner says Accurate Crypto Reporting Would Help In Closing the ‘Tax Gap’ first appeared on BitcoinExchangeGuide.
2021-4-15 19:32 | |
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“It’s everything from exchanges, asset managers, custodians, to the mundane like tax reporting on your crypto gains and everything in between.” So says Dawn Fitzpatrick (pictured), the chief investment officer of...
2021-4-2 17:34 | |
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Financial crimes reporting obligations are irrespective of a crypto firm’s total annual revenue.
2021-4-1 14:19 | |
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“We’ve been making some investments into that infrastructure,” she told Erik Schatzker on Bloomberg’s Front Row. “I’d say it’s everything from exchange asset managers, custodians to the mundane, like tax reporting on your crypto gains, and everything in between.
2021-3-26 12:58 | |
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Amid ambiguous regulations, crypto adoption continues to grow in India. Indian Companies to Report Crypto Holdings According to a recent amendment to India’s Companies Act, all companies are now required to report all their crypto or digital asset transactions in all public financial reporting.
2021-3-26 22:00 | |
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Recent amendments to India’s Companies Act will see firms in the country include their crypto involvement in all public financial reporting.
2021-3-25 15:59 | |
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OKEx Korea announced that it's shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday.
2021-3-24 12:48 | |
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The Commodity Futures Trading Commission (CFTC) has imposed a $6. 5 million fine on Coinbase. The regulator is accusing the Exchange of false or misleading reporting and wash trading, per an official statement.
2021-3-21 22:52 | |
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Strict reporting rules for crypto businesses in South Korea are set to come into effect, with existing firms given six months to comply or face stiff penalties.
2021-3-17 11:58 | |
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The United States Internal Revenue Authority (IRS) has updated the FAQ section on cryptocurrencies. A report unveiled this news on March 3, noting that the update exempts individuals that purchased crypto using fiat currencies and had no other crypto transactions in 2020 from reporting such transactions under the virtual currency question.
2021-3-4 17:20 | |
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Lukka, the leading crypto asset software and data provider, announced today it is collaborating with IHS Markit to create and deliver Forms 1099-B to LedgerX...
2021-2-25 06:26 | |
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EXMO, a leading crypto exchange in Europe, suffered its second attack in less than two months reporting a distributed denial-of-service (DDOS) attack on Monday. The exchange has since started to improve its anti-DDOS attack software, warning users the exchange’s services “may be unavailable” during the update, a tweet sent out today reads.
2021-2-17 22:56 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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В поддержку основателя компании Bitcoin.com Роджера Вера создана петиция, призывающая снять с него обвинения в налоговом мошенничестве. Петиция собрала уже более 300 подписей из 500 запланированных.
Основатель компании Bitcoin.com Роджер Вер освобожден под залог из тюрьмы в Испании. Криптоэнтузиасту грозит экстрадиция в США по обвинению в налоговом мошенничестве.
Окружной суд нижнего Манхеттена начал рассматривать дело 61-летнего финансового директора транснациональной некоммерческой медиа-организации The Epoch Times.
Полиция Флориды задержала человека, известного в криптосообществе под псевдонимом BitСoin Rodney. Он обвиняется в продвижении проекта HyperVerse среди граждан США и хищении средств вкладчиков с помощью фиктивной инвестиционной схемы.
Под занавес 2023 года Налоговое управление США (IRS, Internal Revenue Service) опубликовало отчет, где рассказало о десяти крупнейших раскрытых случаях скама, раскрытых за уходящий год. Четыре оказались связаны с криптовалютами.
The Internal Revenue Service Criminal Investigation unit (IRS-CI) reported involvement in a greater proportion of crypto investigations on Dec 4. In a statement to Bloomberg, IRS-CI chief Jim Lee said that about half of all active investigations into digital assets over the past year have involved tax issues.
Some sectors of the crypto industry were excited (and/or confused) by an apparent BlackRock XRP Trust filing in the state of Delaware, suggesting the massive asset manager may try to launch an XRP exchange-traded fund (ETF) after applying to launch bitcoin and ether ETFs. But, this filing was "false."