IRS Sending 10,000 Tax Compliance Letters to Crypto Investors
The United States Internal Revenue Service (IRS) is sending letters to crypto investors to clarify crypto tax filing requirements and, in certain cases, compel them to pay back taxes. The IRS announced its letter campaign in a press release on July 26.
26 JULY 2019
IRS devising more sophisticated ways to keep track of people evading tax on cryptocurrency earnings
The United States’ Internal Revenue Service is in the news again after a new method of its to keep a tab on those who evade tax on their cryptocurrency earnings came to the fore.
10 JULY 2019
Bitfinex and Tether: what to expects on the crypto market after the trial
Litigation of the US Attorney General’s Office with Tether and Bitfinex made nervous the users of Hong Kong crypto exchange and holders of stable coin USDT. However, it is likely that instead of attacks on crypto companies, this precedent will force the authorities to change their attitude towards the crypto industry and formulate adequate regulation of the crypto market.
12 MAY 2019
Brazilian Police Arrest Suspect for Money Laundering With Bitcoin
Brazilian police have arrested a man for operating a clandestine drug laboratory and using the leading cryptocurrency bitcoin (BTC) to launder the proceeds, Cointelegraph Brasil reported on April 24.
25 APRIL 2019
Blockchain Patent Granted to Cybersecurity Company Owned by U.S. Defense Contractor
Documents published by the United States Patent and Trademark Office (USPTO) on April 16 reveal that Texas-based cybersecurity company Forcepoint has been awarded a blockchain-related patent.
22 APRIL 2019
Chilean Government Introduces New Cryptocurrency and Fintech Regulation Bill to Congress
The Minister of Finance of the Chilean government Felipe Larraín announced the introduction of a bill regulating cryptocurrencies and fintech to Congress, Cointelegraph Spain reported on April 15.
22 APRIL 2019
Blockchain in Biometrics Could be Used in Travel Security, US Customs Rep Says
Using blockchain for biometric tracking would be the technology’s killer app in the travel security sector, according to a representative from the United States Customs and Border Protection (CBP) agency. The news was reported by travel industry media outlet Skift on March 21.
22 MARCH 2019
IBM Publishes Patent for Resisting Replay Attacks in Permissioned Blockchains
Multinational computing giant IBM is adding to its arsenal of blockchain patents with an application for improving the security of permissioned blockchain networks. The patent, first filed in October 2016, was published by the United States Patent and Trademark Office on March 12.
14 MARCH 2019
Wyoming Passes Bill to Recognize Cryptocurrencies as Money
In the United States, the state of Wyoming passed a bill that will allow for cryptocurrencies to be recognized as money on Jan. 31, according to the state legislature website.
1 FEBRUARY 2019
BitMEX Denies Report of US, Québecois Account Closures and Correlated Volume Decline
Major crypto derivatives trading platform BitMEX says there are major inaccuracies in a recent media report that alleged the exchange was closing United States and Québec residents’ accounts due to a regulatory crackdown. Cointelegraph Japan reported the news on Jan. 16, following comments from a BitMEX representative.
16 JANUARY 2019
Coinbase, Kraken Join Major Exchanges Supporting Ethereum Constantinople Hard Fork
Major United States cryptocurrency exchanges Coinbase and Kraken became the latest to confirm support for Ethereum’s (ETH) Constantinople hard fork, both announcing on Twitter, Jan. 14.
15 JANUARY 2019
Crypto Platform Tron Hires Former SEC Attorney as First Chief of Compliance
Blockchain platform TRON has hired a former United States Securities and Exchange Commission (SEC) supervisory attorney as its first chief compliance officer. The company has revealed this to Cointelegraph in a press release on Jan. 9.
9 JANUARY 2019
Founder of Romanian Crypto Exchange Coinflux to Be Extradited to US on Multiple Allegations
Nistor Vlad Călin, the founder of Romanian crypto exchange Coinflux, will be extradited to the United States, local media company Mediafax reports Jan. 4.
5 JANUARY 2019
