IRS
Binance CEO Downplays Reports of Money-Laundering Investigation
The Binance cryptocurrency exchange is reportedly under investigation by the DOJ and IRS, but founder and CEO Changpeng Zhao says the headlines sound more dramatic than the story actually is. CoinDesk’s Nikhilesh De breaks down what we know about the investigations so far. Plus, why will it take Coinbase six weeks to list dogecoin (DOGE)?
DOJ, IRS Investigating Crypto Exchange Binance: Report
The world’s largest crypto exchange by volume is the subject of a U.S. money-laundering investigation, Bloomberg reported Thursday.
IRS Will Seize Crypto Assets on Failure to Pay US Taxes: Official
Crypto is treated by the IRS as property for U.S. tax purposes and can be seized in the same way, an official said.
IRS Taps TaxBit to Audit Bulk Crypto Transactions
TaxBit will aggregate transaction data and ensure that the right figures were reported by the taxpayer.
How to File Your Crypto Taxes (and Not Get Screwed)
Here are seven things you need to know about cryptocurrency taxes.
Kraken Ordered to Provide IRS User Info for Transactions Over $20K
A U.S. court has ruled that Kraken must comply with a “John Doe” summons that allows the IRS to track down users who transacted more than $20K in crypto on the exchange between 2016 and 2020. “The Hash” panel discusses privacy and government crypto surveillance.
IRS Approved to Seek Records of Kraken Users Transacting Over $20K in Crypto
A U.S. federal court authorized the move Wednesday.
Crypto Won't Be Money Until IRS Accepts It for Taxes, Top Forex Strategist Says
The greenback has something else going for it cryptocurrencies don't: the bond market, notes Marc Chandler.
State of Crypto: The IRS Sets Its Sights on Circle
The IRS has issued a John Doe summons to Circle, in a repeat of its collection of Coinbase customer information. What has changed since then?
New Jersey Man Admits to Running Unlicensed Bitcoin Exchange
The erstwhile operator of “Destination Bitcoin” could face up to five years in federal prison and a $250,000 fine.
