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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, […] дальше »

2024-4-20 13:00


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IRS draft tax form for crypto defines unhosted wallets as brokers

The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate. дальше »

2024-4-20 03:57


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Hong Kong approves Bitcoin and Ethereum ETFs as US lingers on ETH approval

Hong Kong further solidified its status as a crypto hub, with several issuers reporting approval of their spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) applications on April 15. However, Hong Kong’s foremost financial regulator, the Securities and Futures Commission (SFC), has yet to release an official statement on this development. дальше »

2024-4-15 12:30


UK initiates consultation on OECD crypto reporting standards ahead of 2026 implementation

The United Kingdom has initiated a consultation regarding its plans to integrate the Organization for Economic Co-operation and Development’s (OECD) cryptocurrency reporting standards into its legal and fiscal framework, a development that followed closely on the heels of the country’s… дальше »

2024-3-7 10:04


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Elizabeth Warren reportedly seeking donations in expectation of crypto challenger

US Senator Elizabeth Warren is reportedly seeking donations to prepare for a possible challenge to her Senate seat, FOX Business’ Eleanor Terrett said on Feb. 19. In an email obtained by Terrett, Warren wrote: “New reporting … indicates that I officially have a Republican challenger considering running against me for Senate in Massachussets. дальше »

2024-2-20 03:41


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Coinbase stock pops on Q4 earnings: here’s what happened

Coinbase Global Inc (NASDAQ: COIN) is trading up in extended hours after reporting better-than-expected earnings report for its fourth quarter. This is a developing story. Numbers missing below will be updated as received! Coinbase stock pops on upbeat guidance Investors are cheering also because the management issued upbeat guidance for the future. Coinbase now forecasts […] дальше »

2024-2-16 00:19


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Hedera Hashgraph to power new environmental asset management service

At the 2023 UN Climate Change Conference (COP28), Envision Blockchain showcased new emissions tracking and carbon credit platforms utilizing blockchain and artificial intelligence technology. The company said these platforms contain upgraded features for searching methodologies, comparing project data, and aligning with reporting standards—with the stated goals of increasing transparency and enabling growth in voluntary carbon […] The post Hedera Hashgraph to power new environmental asset management service appeared first on CryptoSlate. дальше »

2023-12-5 00:00


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IRS Obtains Court Order for Kraken User Data Amid Concerns Over Tax Reporting Rules

Kraken, a leading cryptocurrency exchange, has begun informing its user base via email that it would be obliged to share certain customer information with the Internal Revenue Service (IRS).  The disclosure was made through an official statement on Thursday, October 26, following the IRS’s issuance of a summons in May 2021, in which they requested […] дальше »

2023-11-9 21:49