Congressman Grills Treasury on Incorrect Reporting of Crypto Terror Financing
Brian Nelson was grilled during a House Financial Services Committee hearing providing oversight of the Financial Crimes Enforcement Network (FinCEN)...
Reporting
/cdn.vox-cdn.com/uploads/chorus_asset/file/25259226/1235927106.jpg)
Crypto mines will have to start reporting their energy use in the US
The US Department of Energy (DOE) will begin collecting data on crypto mines’ electricity use, following criticism from environmental advocates...
IRS Shifts Crypto Tax Reporting Policy for 2023
Over the past few years, the Internal Revenue Service (IRS) has progressively modified its approach to cryptocurrency reporting on tax...
IRS says controversial $10k reporting rule doesn’t currently apply to crypto
Two U.S. agencies announced on Jan. 16 that controversial transaction reporting rules do not apply to digital assets (ie. cryptocurrency).The...
US government backtracks on its Crypto Tax Reporting Rule
The United States Treasury Department and Internal Revenue Service (IRS) recently announced revisions to their crypto tax reporting rule. It...
IRS says businesses can hold off on reporting crypto, for now
The US Treasury Department and Internal Revenue Service on Tuesday announced that businesses do not have to report the receipt...
Who’s affected by new crypto tax reporting obligations in the US?
Businesses and professional traders that receive over $10,000 worth of cryptocurrencies will need to report their transactions to the Internal...
Crypto tax rules now require reporting of transactions over $10K
New cryptocurrency tax reporting obligations came into effect on New Year’s Day, crypto advocacy group CoinCenter said on Jan. 2.According...
Crypto Exchange Nexo Integrates Koinly Tax Reporting Tool
Veteran cryptocurrency exchange Nexo inked a long-term strategic collaboration with Koinly, a pioneering instrument for generating tax reports on crypto...
House Democrat Floats China Risk Reporting, Crypto Tax Reforms
Representative Brad Sherman (D-CA) on November 9, 2023, rolled out draft legislation that would expand risk disclosures related to public...
