IRS Proposal for Tax Form Raising Concerns, Threatens to Erode Pseudonymity in Crypto
The US Internal Revenue Service (IRS) draft form states that the agency mandates self-custodial wallet addresses when decentralized finance (DeFi) users file taxes. The draft...
US Treasury Proposes Regulations to Address Crypto Crimes
Deputy Treasury Secretary Adewale Adeyemo recently issued a statement on the matter of illegal activities taking place in the crypto sector. Adeyemo informed the Senate...
Crypto.com Continues to Increase Its Presence in South Korea Despite Regulatory Hurdles
Crypto.com, one of the largest cryptocurrency exchanges in the world, recently expanded its operations in South Korea. As per a new Cointelegraph article, the firm...
Fidelity Adds Staking in its Spot Ethereum ETF Proposal
Fidelity is one of the major financial firms that have filed for spot Ethereum ETF application. Last year, the traditional finance sector joined in the...
Thailand SEC Allows Accredited Investors to Access US Spot Bitcoin ETFs
The financial regulators of Thailand have made some important changes in their ETF trading laws. As per these regulations, local investors are allowed exposure into...
Spanish Treasury Plans to Pay Tax Debts by Seizing Crypto Assets
The Finance Minister’s office in Spain has announced tax reforms. The taxation policy amendments are geared towards granting financial firms the power to collect taxes...
Virginia State Proposes Bill to Protect Crypto Mining Rights
The legislators in Virginia have introduced a new bill to define rights for blockchain miners. The bill also deals with the matter of providing tax incentives...
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...