2024-12-28 21:35 |
The final regulation treats DeFi front-ends as brokers, demanding the disclosure of gross proceeds from sales of digital assets.
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In a significant development for the cryptocurrency landscape, the US Internal Revenue Service (IRS) has finalized regulations that will require decentralized finance (DeFi) brokers to report gross proceeds from digital asset transactions.
2024-12-28 10:30 | |
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The U.S. Internal Revenue Service said DeFi brokers should comply with long-standing securities rules, disagreeing with industry sentiment arguing for different laws for digital assets.
2024-12-28 22:52 | |
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The U. S. Securities and Exchange Commission charged three individuals on Dec. 11 with impersonating securities brokers and investment advisers to execute a scheme involving digital assets. The complaint names three Nigerian nationals and alleges that their actions diverted more than $2.
2024-12-12 19:15 | |
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The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto brokers and taxpayers will use to report digital asset transactions. According to the Aug.
2024-8-11 16:29 | |
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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.
2024-6-23 11:59 | |
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Prime brokers are a new source of liquidity in this cycle, which could be good and bad in the long-run, says Phillip Moran, CEO of the Digital Opportunities Group.
2024-3-14 20:30 | |
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Dubai’s Virtual Asset Regulatory Authority (VARA) has awarded an Operational VASP Licence for VA Broker Dealer services to GC Exchange FZE (GCEX), a member of the GCEX Group. Brokers, hedge funds, family offices, and professional traders can now access GCEX’s deep liquidity in digital assets and array of technology solutions as a Virtual Asset Service […]
2023-11-23 19:42 | |
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Unpacking the IRS’ controversial new crypto tax regulation proposals.
2023-11-18 19:44 | |
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The IRS introduced rules aimed at regulating the sale and exchange of digital assets by brokers. There has been widespread discussion about the future of crypto taxation in the country. The The post Blockchain Association opposes proposed IRS tax rules appeared first on AMBCrypto.
2023-11-15 17:30 | |
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Crypto exchange Kraken has unveiled plans to acquire Coin Meester B. V. (BCM), one of the oldest digital assets brokers in the Netherlands. The former leverages its lucrative products and robust financial status to expand into the Dutch market.
2023-10-6 18:24 | |
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The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers.
2023-8-29 23:30 | |
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United States President Joe Biden’s proposed cryptocurrency tax regulations are causing concern among many. These regulations would require brokers (individuals facilitating buying and selling) to report digital currency transactions to the government, aligning with existing practices for other monetary transactions.
2023-8-28 16:45 | |
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The US Treasury Department has recently published a proposed rule requiring cryptocurrency brokers, including exchanges and payment processors, to report user information regarding sales and exchanges of digital assets to the Internal Revenue Service (IRS).
2023-8-26 21:03 | |
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House Financial Service Committee Chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.”
2023-8-26 19:40 | |
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New proposed rules require crypto exchanges and brokers to report digital asset transactions and cost basis to the IRS starting in 2026. The post US Government Releases New Proposals for Crypto Taxes appeared first on BeInCrypto.
2023-8-26 19:36 | |
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The proposed rules require brokers of digital assets to adhere to stringent tax reporting standards.
2023-8-26 17:13 | |
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In a recent letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, US Senators led by Elizabeth Warren have demanded prompt action on implementing new tax reporting requirements for digital asset brokers.
2023-8-3 13:00 | |
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Interactive Brokers Chairman Thomas Peterffy expressed skepticism about value of cryptocurrencies, despite owning digital assets himself
2023-4-19 17:30 | |
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New technologies have changed the role advisors play for their clients. Now that discounts platforms, apps and algorithms have increasingly replaced their function as brokers and stock pickers, offering education on how to navigate the emerging financial landscape will be key.
2023-4-13 18:33 | |
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Effective Jan.1, 2023, the U.K. will offer tax relief for crypto foreign investors who purchase digital currencies via regulated brokers and investment managers.
2023-1-2 19:34 | |
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Decentralized stablecoin DAI, native to Maker protocol, might become a major leader in the sector over the coming years. The digital asset was the most stable of the stablecoin in a period of 9 months, according to research published by Best Brokers.
2022-10-15 01:00 | |
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Voyager Digital, one of the crypto brokers in the market that extended loan facilities to Three Arrows Capital (3AC), says it might be forced to issue “a notice of default” to the embattled crypto hedge fund.
2022-6-23 16:54 | |
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OSL Digital Securities has signed an agreement with Interactive brokers to provide virtual asset services in Hong Kong.
2022-6-10 13:04 | |
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Finland's government has selected two local digital asset service providers - Coinmotion and Tesseract - to act as brokers for its planned bitcoin donation to Ukraine.
2022-4-29 13:12 | |
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Wall Street has previously not been at the forefront of bitcoin trading in the past. However, that looks poised to change. The approvals of three bitcoin ETFs in the past week have brought about more institutional interest in the digital asset and Wall Street brokers are starting to turn their attention to the cryptocurrency.
2021-10-26 20:00 | |
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The interest in cryptocurrency has spread globally. As more people get involved in digital coins and want to start investing, the demand for good cryptocurrency trading platforms increases. The number of exchanges and brokers is growing, and it can be a tough decision which one to select when you start buying and selling crypto. WhenRead More
2021-9-10 09:00 | |
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The U.S cryptocurrency community has spent the last week battling Congress over the proposed Bipartisan Infrastructure Bill that has a provision that defines “brokers” in the cryptocurrency industry as “any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.” Along with the crypto […]
2021-8-10 17:42 | |
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The White House has made its stand on a newly introduced amendment to the Infrastructure Bill whereby it acknowledged it. Crypto advocates argue that the language in the legislation, which requires brokers of digital assets to report on crypto trading gains, is vague.
2021-8-7 15:00 | |
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INX Limited , the owner of blockchain-based platforms for trading digital securities and cryptocurrencies, today announced the acquisition of ILS Brokers Ltd (ILSB). Established in...
2021-6-16 15:36 | |
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Morgan Creek Digital Assets founder Anthony Pompliano recently spoke on CNBC. The Bitcoin maximalist discussed his thoughts on the recent developments within the stock market. Several stock brokers stopped the trading of certain stocks on Thursday citing extreme volatility.
2021-1-31 21:11 | |
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Japan’s biggest brokerages are looking to compete with the country’s crypto-native exchanges for digital asset market share.
2021-1-26 09:12 | |
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Russian banks and financial brokers are worried the digital ruble will be a burden for them.
2020-12-2 20:44 | |
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While stock brokerages have reduced trading fees and various retail brokers like Robinhood offer zero commission trades, digital currency exchanges have increased fees for their lowest tier retail group since a year ago.
2020-7-19 19:45 | |
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Trustology, a crypto custody solutions provider, today announced a partnership with FCA-regulated, OTC broker, GCEX, to create a secure liquidity network backed by institutional-grade custody for digital asset trading amongst their client base of institutional investors, ultra-high-net-worth individuals, and brokers.
2020-6-22 16:26 | |
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Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.
2020-2-16 06:30 | |
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Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.
2020-2-15 06:30 | |
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At the California Central District Court, The United States Securities Exchange (SEC) has applied a plea for a record of non-remittance against ICOBox and Nikolay Evdokimov-defendants. The two are accused of running unregistered $14 million securities offering of ICOBox’s digital tokens.
2019-10-24 20:20 | |
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The Securities and Exchange Commission has sued ICOBox and its founder Nikolay Evdokimov for conducting an illegal token sale of $14. 6 million and acting as unregistered brokers for other digital asset offerings, the federal agency said in its official statement.
2019-9-19 20:10 | |
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SEC charges ICOBox and its founder for unregistered $14 million offering - CryptoNinjas Today, the Securities and Exchange Commission (SEC) in the U. S. charged ICOBox and its founder Nikolay Evdokimov for conducting an illegal $14 million securities offering of ICOBox’s digital tokens (ICOS) and for acting as unregistered brokers for other digital asset offerings.
2019-9-19 00:12 | |
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Grayscale Investments is weighing in on the gold versus bitcoin debate. Its two sats? Drop the bars, buy the bits (and the dip). The Digital Currency Group off-shoot has launched a “Drop Gold” campaign that encourages investors to ditch the old asset for its digital counterpart, bitcoin.
2019-5-2 23:21 | |
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AllianceTraders is a digital trading service that utilizes professional traders’ signals throughout the world while using MetaTrader 5 for automated trading. The platform offers customers the benefits of working with a ‘team’ of nearly 1,200 participants including traders, brokers, and signal providers.
2019-4-29 12:49 | |
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Bitcoin has blindsided bankers and brokers alike, due to its ability to bring substantial and unheard of returns on investments made in the new, emerging financial technology. It’s been compared to a number of other financial assets, including tech stocks, and has been positioned as the digital version of gold.
2019-4-24 03:01 | |
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The field of digital asset trading has been heavily “dominated” by cryptocurrency exchanges, even though the over the counter (OTC) market is significantly larger. The problems of liquidity and fast settlements has brought about problems to large money investors in the field when using exchanges hence the need for OTC market brokers and traders to […]
2019-4-17 19:18 | |
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When you want to buy or sell digital coins, a service called Cryptoradar can help you find the best prices across multiple trading platforms. The website tracks cryptocurrency exchanges and brokers and offers several optimal choices depending on your location.
2019-4-6 13:39 | |
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Major cryptocurrency exchange Bittrex will launch an over-the-counter (OTC) trading desk today, January 14, 2018, by 18:00 UTC. The service will allow investors to trade nearly 200 digital assets currently offered on the Bittrex trading platform.
2019-1-15 00:10 | |
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On January 7, 2019, Bitfinex and Market Synergy launched a joint connectivity network that gives institutional investors access to the Bitfinex digital asset gateway. Collaboration As per the announcement from Bitfinex, the partnership is designed to help bring digital assets to investors and brokers by way of providing institutional standard cryptocurrency connectivity and security.
2019-1-9 20:00 | |
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Bitcoin — the world’s largest and most popular cryptocurrency — has surely made a name for itself as a desirable asset to trade. Reaching an all-time high value upwards of $20,000 in January 2018, the market’s first and foremost digital currency gained widespread popularity.
2018-12-5 03:48 | |
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The regulator has issued advice to firms dealing with digital asset securities, including ICO-issuers, investment funds, exchanges, brokers and dealers.
2018-11-19 16:50 | |
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In a paper released on Thursday, Nasdaq Inc. said it has spent decades developing tools to police securities, currencies and other markets, and can use them to stamp out manipulation and other scams besieging digital assets, Bloomberg reported.
2018-11-2 17:52 | |
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While Circle's USDC led stablecoin growth on Solana, other issuers also expanded their stablecoins to the network recently, one analyst noted.
The protocol also announced an Android app allowing users to trade on the mobile phone platform, among other upgrade features.