2021-11-20 00:30 |
The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker.
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The Keep Innovation in America Act seeks to repeal the reporting requirements of the infrastructure bill and clarify the meaning of “broker.”
2021-11-19 22:24 | |
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The infrastructure bill was recently signed into law but leading figures in the crypto industry have vowed to continue lobbying until the reporting provision for entities in the crypto industry is addressed.
2021-11-17 19:38 | |
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US senators Ron Wyden and Cynthia Lummis rush to tweak the controversial crypto provision, in an effort to narrow some of the new tax reporting rules outlined in the $1,2 trillion infrastructure bill President Joe Biden signed into law on Monday, Bloomberg reported.
2021-11-17 06:30 | |
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Matt West, a DeFi strategist, and a Democratic congressional candidate believes there is still time to amend the US infrastructure bill, which President Biden signed into law on November 15. The bill passed into law without amendments to the broad provisions that could introduce stricter reporting requirements on crypto network validators and software developers.
2021-11-18 01:43 | |
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A pair of U.S. senators are introducing a bill to limit some of the cryptocurrency tax reporting rules in President Biden’s infrastructure legislation. The post U.S. Senators Introducing Bill Limiting Crypto Tax in Biden’s Plan appeared first on BeInCrypto.
2021-11-17 19:05 | |
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A bipartisan team of US senators is introducing a bill to clarify what entities should report cryptocurrency transactions to the IRS.
2021-11-17 22:22 | |
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A separate bipartisan bill aims to soften new cryptocurrency tax reporting requirements
2021-11-15 21:41 | |
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The United States House of Representatives Speaker Nancy Pelosi says she’s optimistic that the highly controversial over $1 trillion infrastructure bill, which is expected to slap stricter taxation reporting requirements on crypto market participants, will be passed this week, according to a Reuters report on September 26, 2021.
2021-9-27 15:00 | |
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The tax change would extend the IRS cash payments reporting requirements to bitcoin and cryptocurrencies.
2021-9-22 23:51 | |
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The Treasury Department is looking to add more crypto reporting requirements in the reconciliation bill. On the one hand, the Treasury wants to introduce more rules for cryptocurrency transaction reporting; on the other hand, the officials of the department have been telling media that the crypto community’s fear about tax provision in the $1 trillion […] The post Treasury Seeking More Crypto Reporting Requirements, Global Data-Sharing, in Reconciliation Package first appeared on BitcoinExchangeGuide.
2021-8-31 17:05 | |
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According to Zachary Kelman, Republicans and moderate Democrats may know the tax reporting requirements for crypto firms are impossible, but want to have a provision to fund some of the projects without raising taxes.
2021-8-18 22:00 | |
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Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill.
2021-8-16 01:37 | |
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The US Treasury Department is set to clarify what exactly entails “broker” for the purpose of reporting to the Internal Revenue Service after the crypto tax provision of the controversial $1 trillion bipartisan infrastructure bill was passed in its original form that overreaches to cover miners, developers, stakers, and validators to report information on clients […] The post US Treasury to Ease Crypto Concerns by Clarifying A ‘Broker’ Doesn’t Include Those Without Transaction Data: Report first appeared on BitcoinExchangeGuide.
2021-8-14 16:44 | |
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On Monday, the US Senate rejected a bipartisan amendment to the infrastructure bill that involved reporting crypto gains to the IRS, CNBC reported. The amendment would have defined brokers as entities who would have to report these earnings as income in a 1099 form.
2021-8-11 16:25 | |
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On August 7, Ethereum crossed above $3K in an ongoing crypto market rally, hitting a three-month high. ETH Is Breaking Out The past few days have been interesting for the crypto markets. Talk regarding dueling amendments to a cryptocurrency tax reporting requirement in the United States bipartisan infrastructure bill being passed in Congress has been […]
2021-8-8 17:23 | |
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A new proposal to amend the U. S. bipartisan infrastructure bill introduced to the Senate on Sunday could exempt cryptocurrency miners, those staking crypto, and users of their services from reporting and paying tax on their cryptocurrencies.
2021-8-8 14:52 | |
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Senators Rob Portman and Mark Warner proposed an amendment on Thursday to the crypto tax reporting rule that was tabled days earlier by the senate infrastructural bill’s cryptocurrency provision. The new amendment states briefly that the proposed reporting requirements exclude proof-of-work mining as well as the sale of software and hardware that support hot and […]
2021-8-7 16:55 | |
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The cryptocurrency industry’s last-minute lobbying push to amend provisions in the bipartisan infrastructure bill that was completed over the weekend could succeed in eliminating some of the Internal Revenue Service (IRS) scrutiny that stakeholders in the sector would face.
2021-8-5 20:00 | |
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Republicans are far more likely than Democrats to oppose the draconian cryptocurrency provision in the infrastructure bill
2021-8-5 18:15 | |
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Senator Rob Portman (R-OH) is creating a bipartisan bill aimed at making life harder for crypto tax evaders. In an interview on CNBC’s Squawk Box on April 20, 2021, the politician made it clear that his bill will foster better information reporting on bitcoin (BTC) and more.
2021-4-22 23:01 | |
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Senator Rob Portman said lawmakers were "still pulling in information" on crypto to formulate the bill, implying he announced it to the public prematurely.
2021-4-21 00:15 | |
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Local media outlets in India are reporting that the Indian government plans to ban all private cryptocurrencies. According to a report from Medianama published on Feb. 9, Finance Minister Nirmala Sitharaman told the Parliament that cryptocurrencies were not legal tender.
2021-2-10 15:30 | |
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South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global cryptocurrency standards set by the Financial Action Task Force (FATF).
2020-3-8 20:38 | |
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In another significant development for the cryptoverse, the South Korean National Assembly has officially passed the “Act on Reporting and Use of Specific Financial Information” bill into law, making cryptocurrency trading and holding a legal activity in the nation, reports TheNewsAsia on March 5, 2020.
2020-3-6 12:00 | |
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Contrary to its portrayed draconian stance on crypto taxes, the US Internal Revenue Service is playing fair. Exercising transparency in reporting numbers is the key, and may save crypto traders thousands in tax bills.
2019-11-8 20:00 | |
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Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.
2019-3-29 18:20 | |
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According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.
2019-1-24 20:28 | |
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On Oct. 19, Spain’s Ministry of Finance approved an anti-fraud law requiring all holders of cryptocurrency in the country to disclose their asset balances, according to Spanish news outlet ABC. Spain introduces law to force investors to reveal crypto holdings #cryptocurrency #news https://t.
2018-10-24 10:00 | |
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On September 23, 2018, the Bitcoin Foundation sent a letter to the French Parliament asking that they reject a new crypto asset amendment being proposed in the PACTE Bill, which deals with the growth and transformation of France’s businesses and the country’s employee savings.
2018-10-4 22:10 | |
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The Let’s Talk Bitcoin Network has added a new show to its lineup, “What Bitcoin Did. ” The WBD podcast is hosted by U. K. -based Peter McCormack, an “accidental Bitcoin and Cryptocurrency investor, miner, blogger and podcaster.
2018-6-26 20:34 | |
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His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology.
Nigeria’s communication ministry said the Code Clubs will introduce young participants to coding and digital technology and encourage them to deploy creative problem-solving in their everyday lives.
According to official data available publicly, the state of Maine currently holds over $328 million in unclaimed property.
New blockchain-based apps like Truflation could be a “healthy development,” given that gauging inflation is more art than science.
From the growth of AI assistants to the rise of generative AI, here are some key trends that are expected to grow over the coming years.
From the growth of AI assistants to the rise of generative AI, here are some key trends that are expected to grow over the coming years.
Governmental and institutional cryptocurrency adoption has been a topic of significant debate and speculation in recent years. As we stand in 2023, it’s clear that the landscape is evolving rapidly, but the finish line is still somewhat distant.