Canada Proposes New Changes in Crypto Investment Fund Requirements
Canadian Securities Administrators (CSA) is preparing a regulatory framework for crypto-based investment funds. The regulatory document will cover aspects such as custodianship and legal allocation...
IRS Postpones Enforcing Crypto Tax Rules, Exempts Over $10k Transactions from Tax Obligations
The US Internal Revenue Service (IRS), in an announcement on Tuesday, January 16, confirmed the suspension of the enforcement of tax rules obligating businesses to...
US Internal Revenue Service Hails Win Against Fraudulent Crypto Schemes
The US criminal investigation unit of the Internal Revenue Service (IRS) has, in its annual report card, hailed triumph over fraudulent tax schemes. The IRS...
Coinbase VP Warns Taxing DeFi is Impractical
Tax vice president at US leading crypto exchange Coinbase, Lawrence Zlatkin, warned that implementing the proposal to change the taxation rule targeting decentralized finance is...
Bitcoin Donation Firm Supports Paperwork Reduction for Gifted Crypto
The firm maintains that it is absurd to demand an assessment of donations made in dollar-pegged stablecoins, for instance, USDT or USDC. On Friday, ‘The...
Coinbase Commits to Stay in US Despite Legal Uncertainty
Coinbase Exchange is currently facing a lawsuit from the Securities and Exchange Commission. The lawsuit was initiated on 6th June alleging the exchange of dealing...
Japanese Commercial Sector Asks Government to Amend Crypto Laws
The blockchain association of Japan has recently issued a new charter of demand from the government regulators. The association comprises of biggest companies from the...
Court Orders Kraken to Comply with IRS Demands and Disclose User Data
Court directs Kraken to offer details of persons involved in transactions surpassing the $20000 cap in the calendar year. Kraken, a crypto exchange, has been...
South Korean Lawmakers Propose a New Bill Requiring Public Officials to Disclose their Crypto Holdings
The ruling party of South Korea has been working on a new crypto regulatory proposal. This legislature is about public officials and the prospective candidates...
White House Proposes 30% Excise Tax Targeting Crypto Mining Firms
The White House is set to impose a 30% excise tax targeting crypto mining activities. In the report issued on Tuesday, May 2, Biden's administration...