IRS reveals final regulations for crypto broker rules
The Internal Revenue Service did not include decentralized exchanges or self-custodial wallets under its broker reporting requirements.
Related Posts
How crypto became a major source of relief for embattled Ukraine
Illia Polosukhin, Ukraine-born crypto entrepreneur and Near protocol co-founder, explains how crypto has become an invaluable instrument for supporting Ukraine’s resistance. 353 Total views 25 Total shares “Crypto became the largest driver for humanitarian help as well as some of military help for Ukraine”, said Illia Polosukhin, the co-founder of Near Protocol. Polosukhin, who was born…
Karpeles Says Mt Gox Verdict May Set ‘Dangerous’ Precedent
A day after a Tokyo court upheld charges against him, Mark Karpeles, the former owner and CEO of Mt. Gox, spoke to Cointelegraph. 1370 Total views 20 Total shares A day after a Tokyo court upheld charges against him, Mark Karpeles, the former owner and CEO of the now-defunct exchange Mt. Gox, spoke to Cointelegraph…
Euler Finance hacker sends 100 ETH to red-flagged North Korean address
While Chainalysis suspected the involvement of North Korea in the Euler Finance hack, it highlighted the possibility of misdirection by other hackers. 505 Total views 17 Total shares Own this piece of history Collect this article as an NFTEver since Euler Finance fell victim to the biggest decentralized finance (DeFi) hack of 2023, the crypto…
Latin America’s Largest Investment Bank to Launch Its Own Security Token
Latin America’s largest investment bank Banco BTG Pactual SA is releasing its own blockchain-based security token, Bloomberg reported on Feb. 21.The token dubbed “ReitBZ” — which will be backed by distressed real estate assets in Brazil — will reportedly enable the bank to provide its real estate business to international investors at lower costs than…
Decentralized forex will reduce cost by as much as 80%: Report
The researchers compared the average cost of remittances according to World Bank data with estimated costs of trading USDC and EUROC stablecoins at Uniswap. 680 Total views 13 Total shares Own this piece of history Collect this article as an NFTIf the foreign exchange market starts using DeFi protocols instead of the current centralized systems,…
Silvergate hit with another class-action suit, this time for securities law violations
According to allegations, the company and its executives knowingly misled investors with positive statements despite accusations involving money laundering and tanking share prices. 376 Total views 12 Total shares Own this piece of history Collect this article as an NFTA class-action suit was filed against Silvergate Capital, operator of the Silvergate Exchange Network and parent…
Cyprus Court Withdraws Money Laundering, Fraud Lawsuit Against Alleged BTC-e Operator
The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency exchange BTC-e, has said that a district court in Cyprus has withdrawn their lawsuit on charges “of fraud, money laundering and other crimes.” This development was reported by state-operated Russian news agency RIA Novosti Nov. 27.Timofey Musatov, the head of the lawyers’ group…
Scammers Impersonate World Health Organization to Steal BTC COVID-19 Donations
As the number of global coronavirus cases grows each day, online scammers are turning to cryptocurrencies like Bitcoin (BTC) to steal money under the cover of the global pandemic.According to cybersecurity firm Sophos, some online perpetrators are now impersonating the World Health Organization (WHO) in an attempt to steal cryptocurrency donations to fight the COVID-19…