aml Blockchain Association objects to IRS broker rule in letter The Washington DC-based blockchain advocacy group argued the IRS' broker rule provisions violate the Paperwork Reduction Act. By VirtualCoinCap5 days ago
IRS hires 2 private-sector crypto experts to prep for tax season The IRS will use the funding from the Inflation Reduction Act (IRA), a federal law aimed at ... By VirtualCoinCapFebruary 28, 2024 IRS
A taxing obligation: Is crypto reporting ‘impossible’ under US law? Taxation-wise, the U.S. may be unprepared for the investor rush in the wake of a spot Bitcoin ... By VirtualCoinCapJanuary 10, 2024 Government
IRS rules require reporting data from $10k crypto transactions in 2024 According to Coin Center executive director Jerry Brito, it’s “unclear how one can comply” with the crypto ... By VirtualCoinCapJanuary 2, 2024 Coin Center
The Pope and US regulators warn about AI risks: Law Decoded The head of the Catholic Church warned humanity of AI’s potential dangers and explained what needs to ... By VirtualCoinCapDecember 18, 2023 IRS
Crypto advocacy group pushes back against proposed IRS rules on brokers The Blockchain Association claimed the U.S. Treasury overstepped its authority in proposing crypto tax rules difficult or ... By VirtualCoinCapNovember 13, 2023 Cryptocurrencies
Expect new IRS crypto surveillance to come with a surge in confiscation The Justice Department is claiming that it's "critical" for it to have the power to seize cryptocurrency ... By VirtualCoinCapNovember 7, 2023 IRS
IRS extends comments period for new crypto tax rule to mid-November The proposed rules are supposed to come into effect in 2026, impacting sales and exchanges conducted in ... By VirtualCoinCapOctober 25, 2023 IRS
IRS proposes unprecedented data-collection on crypto users The IRS is looking to require crypto service providers to collect unprecedented swaths of data about their ... By VirtualCoinCapOctober 23, 2023 IRS
IRS crypto tax reporting rules threat to industry — Coinbase legal chief The IRS proposed the new crypto tax reporting rules in August, and if approved, the new crypto ... By VirtualCoinCapOctober 19, 2023 Cryptocurrencies
The explosive revelations of Caroline Ellison: Law Decoded SBF’s former girlfriend admits to fraud during her time as CEO of Alameda Research. By VirtualCoinCapOctober 16, 2023 Court
US lawmakers urge IRS to implement crypto tax reporting requirements before 2026 The crypto tax reporting requirements proposed by the IRS in August are scheduled to go into effect ... By VirtualCoinCapOctober 12, 2023 Cryptocurrencies
US Treasury, IRS propose cryptocurrency regulations for brokers Brokers — referred to as “digital asset middlemen” in the regulatory proposal — will be required to ... By VirtualCoinCapSeptember 7, 2023 cryptocurrency exchange
New tax rules for crypto in the US: Law Decoded The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital ... By VirtualCoinCapAugust 28, 2023 Gemini
Robinhood accumulates $3B of Bitcoin in 3 months — What does this mean for markets? Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly ... By VirtualCoinCapAugust 26, 2023 6102
IRS releases draft of proposed reporting rules for digital asset brokers House Financial Service Committee Chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing ... By VirtualCoinCapAugust 25, 2023 Digital Asset
Coin Center responds to US lawmakers’ request for crypto tax guidance The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS ... By VirtualCoinCapAugust 21, 2023 Cryptocurrencies
FTX has a plan, but creditors are not impressed: Law Decoded A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan. By VirtualCoinCapAugust 7, 2023 FTX
Crypto staking rewards are taxable once received: IRS The United States tax collector will require taxpayers to count staking rewards as gross income at the ... By VirtualCoinCapAugust 1, 2023 gross income
Mastercard releases New Job Listings for upcoming Crypto Wallet Projects September 30, 20192937 views