2023-5-11 15:22 |
The IRS filed $44 billion in claims against bankrupt cryptocurrency exchange FTX and its subsidiaries over alleged tax reporting malpractices. origin »
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The US Internal Revenue Service (IRS) has filed tax claims in the FTX bankruptcy as the defunct exchange’s creditors seek fund reimbursement. This recent report shows the IRS filed dues of $44 billion in taxes associated with FTX and its subsidiaries.
2023-5-11 18:40 | |
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Britain’s company register has moved to dissolve cryptocurrency exchange Zedxion, accused of processing funds for Iran’s Islamic Revolutionary Guard Corps. According to a notice published on its website, Britain’s company register, Companies House said Zedxion has been shut down due…
Whale activity around the Official Trump (TRUMP) token, which is tied to United States President Donald Trump, has hit a five-month high according to on-chain data. According to Santiment, there are now 83 wallets that hold more than 1 million…
This week banks and crypto lobbyists may reach a compromise on stablecoin yield payments, according to U. S. Senator Tim Scott. Currently, the Senate’s crypto market structure bill progress remains stalled.
The US Securities and Exchange Commission and the Commodity Futures Trading Commission have issued a joint interpretation outlining how crypto assets are treated under federal securities laws. Most notably, the statement emphasised that most crypto assets are not themselves securities.…
US Securities and Exchange Commission Chair Paul Atkins has proposed a “safe harbor” framework aimed at easing regulatory pressure on crypto firms while keeping them within the federal oversight structure.
The U. S. Department of the Treasury has imposed sanctions on a network accused of helping North Korea generate illicit revenue through overseas information technology workers and cryptocurrency transactions.
Three Democratic senators have said they will oversee the Justice Department’s investigation into crypto exchange Binance over possible violations of U. S. sanctions tied to Iran-linked transactions.