Tax News
DeFi Education Fund CEO Slams U.S. Treasury’s “Confusing and Self-Refuting” Draft Regulations on Crypto
On 25 August 2023, the U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), unveiled draft regulations...
How digital assets will be affected following IRS’ new rules
This initiative is a part of the Biden administration’s wider implementation of the bipartisan Infrastructure Investment and Jobs Act (IIJ...
U.S. Treasury Proposes New Reporting Rules for Digital Asset Brokers, Crypto Community Responds
The U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), has released a set of draft regulations targe...
Crypto Exchanges Under IRS Radar: New Treasury Proposal Demands Detailed Transaction Reports
The US Treasury Department has recently published a proposed rule requiring cryptocurrency brokers, including exchanges and payment processo...
Biden’s Crypto Tax Proposal Is Attempt to ‘Kill’ Adoption in US, Says Financial Services Chair
Chairman of the House Financial Services Committee Patrick McHenry today claimed that the Biden Administration was trying to “killR...
Treasury, IRS issue updated crypto tax rules defining DeFi platforms as brokers
The U.S. Treasury Department has proposed comprehensive tax rules aiming to streamline the crypto tax landscape, as reported by the Wall Str...
Labor Day travel: Domestic airfare costs down 11% from 2022
Recommended Stories Zacks Delta Air Lines (DAL) Stock Moves -0.71%: What You Should Know Delta Air Lines (DAL) closed at $41.90 in the lates...
U.S. Crypto Tax Proposal Lets Miners off the Hook, Snares ‘Some’ Decentralized Exchanges
The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe f...
South Korean City Announces Plan To Seize Crypto Assets Of Local Tax Evaders
The government of Cheongju City, located in the central region of South Korea, is looking to confiscate virtual assets such as Bitcoin from ...
CoinDCX Reduces Workforce By 12% Amid Crypto Trading Slump In India
Indian crypto exchange, CoinDCX, finds itself in trouble, announcing a notable reduction in its staff by 12% this week. The decision comes a...
Coin Center responds to US lawmakers’ request for crypto tax guidance
Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related ...
Crypto mining sector now has a lobby in Washington
DEC founder and President Tom Mapes said he sees crypto mining firms as energy companies of the future. The mining sector has been at the re...