As crypto popularity gains momentum, US lawmakers are exploring ways to marry digital assets with traditional finance. In a recent
Category: Taxation
Brazilian Tax Regulators to Inspect Operation of Foreign Crypto Exchanges
On Monday, the Brazil government revealed plans to investigate the operation of international crypto exchanges in the region. The proposed
Nigeria Seeks to Extradite Fugitive Binance Official From Kenya
The mysterious escape of Binance executive Nadeem Arjwalla from Nigeria custody has been the center of discussion in the past
Paraguay Contemplates on Selling Excess Energy to Miners Amid Power Outages
In the quest to address illegal mining, the Paraguayan policymakers have reversed the decision to restrict crypto-related activities. A few
IRS Recruits Two Professions to Support Tax Compliance in Crypto Industry
An official announcement from the US Internal Revenue Service (IRS) demonstrated that the agency will recruit new talents. The tax
South Korean Gyeonggi Province Implementing Digital Tracking System to Address Tax Cheats
As investors seek to explore new ways to evade paying taxes, the South Korean authorities have stepped up their game
Hackers Exploits SEC X Account to Falsely Announce Approval of Bitcoin ETF
In a December 9 report, the hackers compromised the United States Securities and Exchange Commission (SEC) X account to announce
Indonesia Mandates Crypto Exchanges to Comply with New Bourse Requirements
In a recent publication, the Indonesian regulators launched the first national bourse for digital assets. The newly launched bourse dubbed
Kraken to Share Customer Details with IRS as Ordered by the Court
The changes in the US regulation for crypto assets have forced key industrial players to adopt new strategies to improve
IRS and Treasury Department Introducing New Tax Reporting Approach on Crypto Assets
An official publication on the US Treasury Department website revealed that the revenue regulators’ Internal Revenue Service (IRS) plans on