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Category : IRS

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Crypto Taxes a ‘Nightmare’ — Congress Hears the Latest on Blockchain for Small Business

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In a United States congressional meeting titled “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses,” one of the testifying witnesses called out current cryptocurrency taxation expectations for their overbearing complexity.  “Doing...
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Regulatory Roundup: New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto

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In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and...
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Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners

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The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding...
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Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

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In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We...
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Where US Regulators Stand on Crypto Assets

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The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include...