Blockchain advocacy group raises privacy concerns over IRS crypto tax form

2024-6-23 11:59

The Chamber of Digital Commerce proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate to prevent errors and ensure accurate reporting. origin »

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form digital tax reporting asset indicate brokers

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Источник: cointelegraph.com

form digital → Результатов: 126

IRS Reveals Preliminary Tax Reporting Form For Digital Assets

The US Internal Revenue Service (IRS) has unveiled the early draft of a tax form for reporting income from cryptocurrency transactions. The newly released Form 1099-DA, tagged as “Digital Asset Proceeds from Broker Transactions,” is currently open to comments from relevant stakeholders in anticipation of its final version by the IRS. Related Reading: Breathe Easy, […]

2024-4-20 13:00
irs form tax digital reporting transactions stakeholders

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XRP Army Bank On A Massive Bull Run As Analyst Foresees Ripple Emerging as Market Leader Amid IPO Rumors

The pundit highlighted Ripple's focus on cross-border payments and involvement in helping governments form Central Bank digital currencies as key factors contributing to its potential market leadership.

2024-1-4 21:54	xrpusdt
market ripple bank governments form central helping

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MAS Director mislabels Bitcoin a ‘private cryptocurrency’ stating it has ‘failed the test of money’

At the recent GDEC 2023 conference, Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), critiqued Bitcoin and similar digital currencies, questioning their viability as a form of money.

2023-11-28 16:24	Regulation
money mas director bitcoin monetary critiqued singapore

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Sam Bankman-Fried’s ‘Mackerel Currency’ Creates A Stir In Prison

Sam Bankman-Fried, currently facing legal repercussions in the aftermath of FTX’s troubles, has transitioned his focus from crypto to a unique form of currency: mackerel. In the grim confines of a prison, where inmates are deprived of both traditional and digital currency, the desperation for substitutes unfolds.

2023-11-24 11:30	SBF
currency sam prison mackerel bankman-fried inmates deprived

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ALTAVA’s AI-Powered Digital Wearables to Enhance Darewise’s Bitcoin Metaverse

Darewise Entertainment and ALTAVA Group form strategic partnership to blend advanced digital fashion with gaming in the Bitcoin Metaverse. The post ALTAVA’s AI-Powered Digital Wearables to Enhance Darewise’s Bitcoin Metaverse appeared first on NFT News Today.

2023-11-21 19:21	Top Stories
altava bitcoin metaverse darewise digital enhance ai-powered

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Japan’s Osaka Digital Exchange to kick off security token trading with Ichigo’s real estate assets

Osaka Digital Exchange (ODX) revealed that its Proprietary Trading System (PTS) “START” for security tokens will begin operations by Dec. 25, according to a Nov. 20 statement. A security token is essentially a digital form of traditional securities.

2023-11-20 18:47
digital security trading osaka token exchange dec

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New Form 1099-DA: What it Means for Digital Asset Brokers and Their Customers

Unpacking the IRS’ controversial new crypto tax regulation proposals.

2023-11-18 19:44
new unpacking customers irs controversial proposals regulation

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UK National Crime Agency forms specialized cryptocurrency team with new hires

The United Kingdom’s National Crime Agency seeks to employ six crypto investigators as part of a new project that will form a specialized digital assets team. “The role will be dedicated to a proactive cryptocurrency remit with the right tools and capabilities to target UK-based subjects along with supporting colleagues with specialist advice and guidance.

2023-11-2 16:45	UK
team new crime national cryptocurrency agency specialized

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European Central Bank advances CBDC to preparation stage, but still not committed to implementation

The European Central Bank (ECB) announced on Oct. 18 that its project to develop a digital form of the euro is progressing to the preparation phase. Christine Lagarde, President of the ECB, said on Twitter/X: “We need to prepare our currency for the future.

2023-10-19 22:40	Stablecoins
ecb european central preparation bank president said

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Russia bets on crypto adoption as digital assets plan bites the dust

Russia’s Finance Ministry official hopes that liquidity from the crypto market will help the local business to overcome sanctions pressure. Digital financial assets (DFAs), a tokenized form of traditional financial instruments issued by Russian-only companies, appear to have failed to…

2023-10-18 16:03	Russia
financial assets digital crypto russia tokenized form

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Bitcoin Is Fundamentally Different From Other Cryptocurrencies: Fidelity Digital Assets

The crypto’s technological breakthrough was not as a superior payment method but as a superior form of money, the report said.

2023-10-11 13:35	Markets
superior payment method report said money form

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Superapp Grab, Stablecoin Issuer Circle to Start Web3 Wallets Trial in Singapore

The Grab Web3 Wallet will be available to users of the ride hailing, food delivery and digital payments app to use vouchers in non-fungible token (NFT) form and earn rewards.

2023-9-14 11:51	Wallet
grab web3 use app digital food delivery

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Why Are Crypto Casinos So Attractive?

Cryptocurrencies took the financial world by storm and changed the way money works. They are essentially digital currencies that don’t have a physical form, bits of value that help people all over the world make transactions.

2023-9-5 17:21	Journal
world bits form currencies don physical value

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Will US Treasury proposals kill defi? Critics blast new crypto bill

The US Treasury Department recently revealed a proposal outlining new tax rules for the cryptocurrency industry. Among the updates is the introduction of a 1099 form for crypto transactions. The new guidelines also clarify tax obligations for digital asset miners. …

2023-8-26 21:56	treasury
new tax crypto treasury 1099 form introduction

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Zimbabwe Central Bank Prepares To Roll Out Gold-Backed Digital Token

The Reserve Bank of Zimbabwe (RBZ) has expressed its desire to establish a new form of digital money known as the Gold-Backed Digital Token (GBDT). This digital currency will be underpinned by gold bullion reserves held by the central bank.

2023-8-16 21:00	Zimbabwe
digital bank token zimbabwe central gold-backed currency

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AI Cryptocurrency Prices Went Up Following the Launch of ChatGPT

Digital currencies hardly need an introduction. Despite being a novel asset class, cryptocurrencies have already become a popular long-term investment option and an increasingly widespread form of payment, being used to purchase an expanding range of products and services.

2023-7-29 13:26	Journal
being popular option increasingly investment long-term form

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BlackRock aims to democratize digital investments in India, amid growing BTC rumors

BlackRock, the world’s largest asset manager, has announced a joint venture with Jio Financial Services Limited (JFS) to form Jio BlackRock with the goal of democratizing access to investment solutions for investors in India through a digital-first strategy.

2023-7-27 16:55	Partnerships
blackrock india jio financial goal form jfs

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Real Estate Investors Should Consider Strategies For Bitcoin, A Superior Store Of Wealth

As a superior, digital form of wealth storage, bitcoin offers a complementary asset for real estate investors to consider.

2023-7-27 15:00	Inflation
superior real wealth bitcoin investors estate consider

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Russian Introduces A Third Form Of Currency As Putin Signs Digital Ruble Into Law

Russia is progressing with its central bank digital currency (CBDC). President Vladimir Putin has endorsed the digital ruble bill, signing it into law on July 24. As a result of this approval, the digital ruble law is officially set to take effect starting from August 1, 2023.

2023-7-25 23:30
digital ruble law putin currency approval result

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Fed Dramatically Speeds Up U.S. Payments With 'FedNow' Service, but Downplays Any Tie to CBDCs

Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.

2023-7-20 17:36
payments weaken crypto use digital dollar bridge

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Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs

Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.

2023-7-21 17:36
payments crypto weaken use digital dollar bridge

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MUFG may issue stablecoin via Progmat blockchain platform

Mitsubishi UFJ Financial Group Inc. is currently in negotiations with several businesses about issuing stablecoins, a form of digital asset, through its blockchain platform Progmat.

2023-6-23 19:13	StableCoin
blockchain progmat platform issuing businesses several stablecoins

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Fed Chair Powell: ‘we do see payment stablecoins as a form of money’

Powell testified before the House Financial Services Committee today. He discussed a range of topics around digital assets on Wednesday. Bitcoin surpassed the $30,000 level today for the first in two months.

2023-6-22 22:34	US Federal Reserve
today powell wednesday bitcoin assets topics around

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Five US enforcement agencies form new digital currency anti-crime task force

The agencies have worked together for years, but now their joint efforts are official as they plan to ramp up activity.

2023-6-21 00:18
agencies joint worked together efforts years official

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Snoop Dogg NFT passport lets fans tour with the rapper in digital form

The NFT will give holders access to behind-the-scenes content uploaded by Snoop Dogg while on tour.

2023-6-14 15:30
snoop tour dogg nft holders access give

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Bitcoin Falls Below $26,000 Amid Regulatory Concerns, Debt Ceiling Predictions: What’s Next For BTC?

The digital assets market has recorded bullish signals this year but the recent outlook suggests it may be heading towards the first bad month of 2023. Digital assets continue their week-long poor form with Bitcoin (BTC), Ethereum (, ETH), and other top 10 assets falling below prominent positions. Market leader BTC hit a 30-day low […]

2023-6-10 13:49	Cryptocurrency News
btc assets market bitcoin digital below week-long

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Louis Vuitton Phygital Voyage: Merging Luxury with NFTs

In an intriguing blend of the digital and physical realms, renowned French luxury brand Louis Vuitton is set to debut its maiden “phygital” NFT collection named “Via”. The limited-edition series will feature coveted “Treasure Trunks” in physical form and matching non-fungible tokens.

2023-6-7 23:29	Features
louis physical luxury vuitton phygital limited-edition series

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How to Invest in Cryptocurrency for Beginners

What is cryptocurrency investment? Cryptocurrency investment in its most basic form is the process of buying digital currencies and holding them in the hope that the market falls in your favour while your portfolio increases in value.

2023-6-3 18:20
cryptocurrency your investment hope value holding market

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Best Crypto Sports Betting Sites 2023

Crypto sports betting has emerged as a popular form of gambling that allows users to engage in betting using digital currencies such as Bitcoin, Ethereum, and many more. But what are the real advantages of using crypto at sportsbooks? And why has it become so popular amongst players? BC.

2023-5-22 16:36	Gambling
betting crypto using popular sports real advantages

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Puma will release a digital version of the sneakers in the form of NFT

Popular sportswear brand Puma joins forces with digital designer Wagmi-san to release a digital version of sneakers in the form of non-fungible tokens (NFT). A feature of such shoes is the presence of an NFC chip that connects the physical and digital world.

2023-4-26 13:28	News
digital puma form sneakers nft version release

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Crypto Gambling Regulations Around the World

Crypto gambling has rapidly become an increasingly popular form of entertainment. Millions of people across the globe enjoy using digital currencies such as Bitcoin, Ethereum and Litecoin when placing bets.

2023-4-10 01:44	Journal
crypto gambling currencies such digital enjoy using

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Real-World Tokenization Is Surging as TradFi Grows More Receptive to Blockchain

A number of banks and other big brands are turning to RWA in the form of digital tokens on the blockchain as they look to bring more efficiency to transactions. Industry watchers say the trend will grow.

2023-4-5 22:03	DeFi
blockchain look digital form bring tokens grow

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Japan plans to form expert panel to explore digital yen: Report

The ministry’s panel will reportedly focus on developing a framework for a central bank digital currency based on a technical study carried out by the Bank of Japan over the past two years.

2023-3-31 22:03	Government
digital bank panel japan currency study technical

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European Parliament votes to form final law on EU digital wallet

Introduced in 2021, the European Digital Identity framework aims to enable and protect the digital identity of EU citizens.

2023-3-17 16:48	CBDC
digital identity european 2021 citizens introduced framework

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Lido DAO and DigiToads: Which Token is More Promising for Staking?

Staking allows users holding digital assets to generate revenue with their assets. This novel form of passive income will be one of the most potent wealth-creation tools over the next decade. Analysts weigh up whether Lido DAO (LDO) can compete with DigiToads (TOADS) NFT staking.

2023-3-13 08:43	Press releases
staking lido assets dao digitoads wealth-creation tools

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Coinbase Moves Into More Stable World of Asset Management with Latest Acquisition

Coinbase acquired One River Digital Asset Management (ORDAM) to form the foundation of its asset management and investment advisory services. The post Coinbase Moves Into More Stable World of Asset Management with Latest Acquisition appeared first on BeInCrypto.

2023-3-3 20:29	coinbase news
management asset coinbase acquisition latest world stable

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Brazil’s oldest bank form partnership with a crypto platform for easy tax filing

Banco do Brasil, the oldest bank in Brazil, is creating a tax payment solution for citizens holding digital assets in Bitfy.

2023-2-12 14:00
tax brazil bank oldest creating payment citizens

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Zodia Custody Teams Up With SBI Digital Asset Holdings to Form Crypto Custodian in Japan

Zodia Custody and SBI are aiming to appeal to institutions interested in crypto investment and adoption.

2023-2-3 19:05	Business
zodia sbi crypto custody aiming appeal interested

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New to Crypto Mining? Learn Which Coins You Can Still Mine at Home in 2023

Do you want to mine cryptocurrency from the comfort of your own home? With the rise in digital currencies, more and more people are becoming interested in crypto mining. Cryptocurrency mining uses specialized computer hardware to validate transactions on a blockchain, earning rewards in the form of new cryptocurrency.

2023-1-29 13:52	Markets
cryptocurrency mining home new mine crypto uses

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City of London, British trade groups form new digital currency advocacy alliance

The UK capital’s governing body is partnering with the Digital Pound Association and other trade groups to promote good crypto policy and practice and the UK’s position as a global financial center.

2023-1-12 22:45	United Kingdom
digital groups trade association good promote practice

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Five UK Associations Form Crypto Alliance to Steer Digital Asset Regulation

The U.K. Forum for Digital Currencies, which includes governing body City of London Corporation, also aims to further the countries crypto hub ambitions.

2023-1-11 16:42	policy
digital crypto body city london corporation aims

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This Marketplace Delisted Ethereum Claiming That It Is a Digital Form of Fiat

Ethereum will be kicked out of the Paxful marketplace due to the Proof-of-Stake transition. The founder believes that ETH is not decentralized. The post This Marketplace Delisted Ethereum Claiming That It Is a Digital Form of Fiat appeared first on BeInCrypto.

2022-12-22 20:00	Ethereum News
marketplace ethereum fiat claiming digital delisted form

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Peer-to-Peer Crypto Marketplace Paxful Removes ETH From Platform

Peer-to-peer bitcoin (BTC) marketplace Paxful has removed ether (ETH) from its platform, with CEO Ray Youssef describing it as "essentially a digital form of fiat."

2022-12-21 16:19	Business
peer-to-peer eth platform marketplace paxful fiat youssef

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Manchester United Launches Tezos-Powered NFT

Manchester United has introduced its first Tezos-powered digital collectible in form of key that grants access to exclusive features

2022-12-17 18:59
manchester tezos-powered united key grants features exclusive

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Number of Brazilian Companies Transacting With Digital Assets Increased Again in October

More than 41,000 Brazilian firms conducted some form of operation with crypto assets, according to the local tax authority, Receita Federal.

2022-12-8 19:44
assets brazilian crypto according form operation tax

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e-Rupee: India launches first central bank digital currency

India launched the e-Rupee in four cities, New Delhi, Bengaluru, Mumbai and Bhubaneswar. This Central Bank Digital Currency (CBDC) is a digital form of cash for retail transactions. Bank of India, Yes Bank, ICICI Bank, and IDFC Bank will offer…

2022-12-3 18:51	India
bank india digital e-rupee currency central cash

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The Japanese Digital Ministry Announces the Formation of Its Own DAO

The newly formed Digital Agency of Japan said that it would form its own decentralized autonomous organization (DAO) in order to better understand its apps before granting them legal status. The Web 3.0 Initiative Is in Charge of the Project…

2022-11-4 23:00	Web3
dao own digital granting apps better understand

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New Fidelity report flags ‘stark contrast’ between Bitcoin and fiat currencies

Counterparty risk and “liability” form enduring qualities setting Bitcoin apart, says Fidelity Digital Assets.

2022-10-19 13:30	доллар
bitcoin fidelity liability form risk counterparty enduring

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IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year

An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new “Digital Asset” category.

2022-10-19 11:05
2022 tax irs category digital asset stablecoins

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