2023-3-9 15:35 |
Bringing crypto companies into the purview of anti-money laundering rules imposes obligations and exposes them to fines for breaches.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
They will have to register with the Financial Intelligence Unit and voluntarily report suspicious activities.
2023-3-9 14:55 | |
|
|
2023-2-7 00:55 | |
|
|
The Internal Revenue Service {IRS} recently published a list of reporting obligations for the general public regarding cryptos.
2023-1-29 19:38 | |
|
|
Crypto companies take on multi-million dollar debts to finance their operations to meet the ask during a bull run. However, failing to repay the obligations leads to defaults, buyouts, and even bankruptcy, as was the case last year.
2023-1-23 13:30 | |
|
|
In the modified terms and conditions version, the Gemini crypto exchange specifies that it has no obligations to users who bought GUSD on other platforms. According to Forbes, Gemini emailed its customers to announce its updated terms and conditions, which…
2022-12-17 09:41 | |
|
|
Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto.
2022-12-7 05:38 | |
|
|
Crypto loans-based bankrupt company Celsius filed for account holder loan obligation on Friday. In a statement, the company said it is not looking for commitments on loan repayment for its outstanding debts during its chapter 11 proceedings. Celsius Decides Not…
2022-10-2 20:45 | |
|
|
With revenues drying up, crypto miners are struggling to meet loan obligations, which total up to $4 billion for the industry.
2022-6-29 16:35 | |
|
|
Crypto lending platform BlockFi liquidated a large client after it failed to meet obligations on an overcollateralized margin loan, the company’s founder and CEO Zac Prince announced June 16. The post BlockFi liquidates major counterparty after it fails to meet margin call appeared first on CryptoSlate.
2022-6-17 16:00 | |
|
|
The FCA hosted its first CryptoSprint that was focused on digital asset information disclosure, custody and other regulatory obligations, and those who attended said that the FCA were actively listening to the crypto community.
2022-5-27 19:05 | |
|
|
The Australian Taxation Office (ATO) has published a guideline that sets out warnings for crypto investors on tax obligations around digital assets and NFTs.
2022-5-16 14:00 | |
|
|
The integration provides LUNA users a way to accurately track and record their transactions to meet their tax obligations, according to Koinly's Tony Dhanjal.
2022-4-26 13:03 | |
|
|
Crypto companies looking to engage with traditional financial institutions must address risk management and compliance expectations stemming these institutions' regulatory obligations.
2022-3-9 17:45 | |
|
|
Coinbase, along with 17 other crypto firms, recently launched a ‘Travel Rule Universal Solution Technology’ (TRUST), a platform that will enable the group of well-established US companies to achieve compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations–announced the largest crypto exchange in the US.
2022-2-18 08:30 | |
|
|
Bitcoin holders have until the end of 2021 to reduce their tax obligations by selling assets at a loss and buying them back. The Ways and Means Committee is deliberating on closing this loophole and it could have grave financial repercussions for cryptocurrency traders.
2021-10-3 19:28 | |
|
|
The IRS has considered crypto mining revenue as part of taxable income since 2014.
2021-7-30 23:30 | |
|
|
Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office […]
2021-5-29 14:36 | |
|
|
Australia’s securities regulator wants crypto firms to work closely with it, but industry executives are unsure of their obligations.
2021-4-19 08:06 | |
|
|
Financial crimes reporting obligations are irrespective of a crypto firm’s total annual revenue.
2021-4-1 14:19 | |
|
|
Some crypto investors are willing to risk extensive financial obligations for a chance to get into Bitcoin.
2020-12-16 23:16 | |
|
|
Switzerland’s crypto valley, Zug, is taking another step towards complete virtual currency adoption with plans to begin accepting tax payments in cryptocurrency. Several tax offices around the world have okayed citizens meeting their tax obligations using virtual tokens.
2020-9-5 13:00 | |
|
|
Irish crypto firms will face stricter obligations after the country belatedly adopts the latest EU anti-money-laundering rules.
2020-8-13 12:55 | |
|
|
U. K Financial regulators continue to pressure crypto businesses about their obligations. British authorities have even threatened forced closures for defaulters. Across the globe, financial watchdogs have brought down the hammer on the crypto market with a particular focus on anti-money laundering (AML) and combating the financing of terrorism (CFT).
2020-6-24 17:07 | |
|
|
Every crypto trader faces a nightmare trying to comply with tax reporting obligations. CryptoTracker says its six new partners can help
2020-4-2 05:56 | |
|
|
Australia’s tax authority, the Australia Taxation Office (ATO), is planning to contact thousands of Australian crypto traders to remind them of their tax obligations. The move is in line with the ATO’s aim to clampdown on crypto tax offenders.
2020-3-13 00:00 | |
|
|
Up to 350,000 Australians will be contacted by regulators soon to remind them of their obligations when trading in digital assets like bitcoin.
2020-3-13 13:00 | |
|
|
Cryptocurrency holders have long wrestled with their tax obligations. These fiduciary duties have been complicated by tax agencies, which are several steps behind technology and now playing crypto catch-up.
2019-11-8 19:04 | |
|
|
What has been a fairly bad few weeks for cryptocurrency exchanges, just got a little worse? A Vancouver-based crypto trading platform, Einstein Exchange, has been closed by Candian authorities; while still owing $16 million in outstanding obligations.
2019-11-6 18:52 | |
|
|
A set of cryptocurrency firms have banded together to create a “Crypto Rating Council” to help classify digital assets — but it unlikely to mean much. Founded by prominent exchanges like Coinbase, Bittrex, and Kraken, the group aims to rate digital assets from 1 to 5.
2019-9-30 19:14 | |
|
|
If you’ve traded cryptocurrency, chances are that you’ve lost a fair amount of hair–not to mention sleep–trying to calculate your obligations. Some hodlers only need to report a few trades per year, but if you’re moving large amounts of cryptocurrency, it might take some professional-level software to keep track of all those gainz.
2019-9-20 22:27 | |
|
|
Taxes are never popular, but in the U. S. , paying for crypto gains is like solving a Rubik’s Cube without touching it. While blindfolded. You might have correctly filed your obligations, but there’s no knowing until the tax authority explains exactly what those obligations are.
2019-9-5 21:21 | |
|
|
Coinspeaker Custodian Anchorage Announces Support for Stellar Inflation and Tezos BakingRecently one of the few crypto institutional custodians Anchorage, announced that they are adding support for Stellar (XLM) and Tezos (XTZ).
2019-8-22 12:18 | |
|
|
Cryptocurrency exchanges are navigating uncharted waters, but new regulatory guidelines could help these businesses reach land. The two leading U. S. regulators, the SEC and Financial Industry Regulatory Authority (FINRA), have released a joint statement on broker-dealer obligations for digital assets, clarifying some of the rules that apply to cryptocurrency exchanges.
2019-7-10 20:26 | |
|
|
MyEtherWallet (MEW) users will now be able to generate Dai straight from the interface, marking another important step for the platform as it expands its offering into decentralized finance. MEW users will be able to create collateralized debt obligations (CDPs) through a MakerDAO portal.
2019-6-23 22:55 | |
|
|
On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
|
|
Facing the deadline to report their taxes by April 15, 2019, United States individual taxpayers may wonder what their U.S. tax reporting obligations are for crypto
2019-4-2 02:10 | |
|
|
Binance has partnered with Medici Ventures’ portfolio company IdentityMind, a risk management and regulatory-technology compliance platform, in a bid to enhance its fraud protection and compliance protocols.
2019-3-28 18:08 | |
|
|
One of the most reliable barometers for economic health is sounding alarms, signifying that the U. S. could be headed for a recession. The Yield Curve—which measures the spread on U. S. Treasury obligations— inverted on Friday, meaning that ten-year bonds now pay lower interest than the three-month note.
2019-3-26 21:39 | |
|
|
The Canada Revenue Agency (CRA) has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.
2019-3-9 23:53 | |
|
|
The Canada Revenue Agency (CRA) is targeting users of Bitcoin (BTC) and other crypto assets in its latest series of audits — starting with a 13-page questionnaire. Time for Bitcoin Users in Canada to Pay Their Taxes According to an article in Forbes yesterday, Bitcoin researcher and writer Kyle Torpey revealed that the CRA is cracking down on Bitcoin (BTC) and other crypto-asset users in Canada.
2019-3-8 05:00 | |
|
|
Announced at the end of January, Bitfury’s production-ready suite of Lightning Network products and services, Peach, appears to offer everything a developer, user or merchant could want from a Lightning implementation.
2019-2-9 23:59 | |
|
|
Announced at the end of January, Bitfury’s production-ready suite of Lightning Network products and services, Peach, appears to offer everything a developer, user or merchant could want from a Lightning implementation.
2019-2-12 23:59 | |
|
|
A new draft report has come to light from the Central Bank of Iran. The report, titled, “Obligations and Rules Regarding Cryptocurrencies,” outlines new regulations for the use of cryptocurrency, which is surprisingly restrictive.
2019-1-29 17:37 | |
|
|
Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto.
2019-1-16 05:22 | |
|
|
The National Revenue Agency of Bulgaria is preparing to conduct inspections on cryptocurrency trading platforms and their customers. The authority wants to make sure that both are fulfilling their obligations under the country’s tax and social security laws.
2019-1-15 11:00 | |
|
|
R3 has unveiled a new app on their international blockchain, a global payment platform that uses Ripple’s XRP as its initial base currency. The app, dubbed Corda Settler, continues R3’s track record for pursuing ambitious blockchain projects, and it is allegedly “purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based.
2018-12-6 01:54 | |
|
|
Listen Here – https://soundcloud. com/cryptodaily/how-monero-are-improving-human-rights-with-xmr Monero is considered to be the privacy coin, the currency of choice for absolute privacy. Now, privacy doesn’t necessarily mean security and we should remember that 2018 has seen a tonne of ‘Monero mining’ hacks, calling into question some of the projects integrity.
2018-10-12 17:00 | |
|
|
Fear Fuels All Financial Systems, Bitcoin Is No Exception Financial structures that have ever worked for masses are that which are decided by courts and enforced by a threat of violence. “The IRS relies on a system of voluntary compliance which means that individuals are responsible for reporting and calculating their own tax obligations.” Less […]
2018-10-2 20:51 | |
|
|
The only sort of financial system which works at scale is one which has been decided by courts and enforced by a threat of violence. Widespread belief in the threat reduces the need for active enforcement.
2018-9-30 18:00 | |
|
|
| Analogue Notcoin - TapSwap |
FINTRAC has imposed a substantial fine on cryptocurrency exchange Binance for allegedly violating anti-money laundering regulations.
The U.S. Department of Justice alleges that KuCoin and its two founders were knowingly involved in money laundering.
The EU has introduced a new directive that outlaws transactions using anonymous, privately managed crypto wallets for any transaction value.
The broad package sets up an anti-money laundering authority, a single rulebook for all 27 member states, and tough rules for crypto service providers.
Jian Wen faces charges of laundering Bitcoin in a London court as part of an alleged $6 billion investment scam, as her defense claims the scheme's true mastermind manipulated her.
Chainalysis reported a 29% decline in crypto money laundering activity in 2023 as U.S. authorities and other world governments sanctioned mixing services.
Illicit addresses sent $22.2 billion in cryptocurrency to services in 2023, a decrease from $31.5 billion in 2022, and centralized exchanges remain the primary destination.