A bill has been introduced to the New Jersey general assembly that seeks to classify digital assets sold to institutional investors as securities. The proposed legislation specifically targets virtual currencies sold directly to institutional investors and defines institutional investors as entities such as banks, hedge funds, endowments, and pension funds. If passed, the bill would […]
The US Internal Revenue Service (IRS) has reported an increase in crypto tax investigations for the 2023 fiscal year. Cases range from failure to report capital gains to concealing crypto ownership disclosures. The IRS initiated over 2,676 cases involving $37 billion related to tax and financial crimes. These investigations involve unreported income from the sale […]
The US Internal Revenue Service (IRS) has reported an increase in crypto tax investigations for the 2023 fiscal year. Cases range from failure to report capital gains to concealing crypto ownership disclosures. The IRS initiated over 2,676 cases involving $37 billion related to tax and financial crimes. These investigations involve unreported income from the sale […]
The city of Lugano in Switzerland has announced that it is now accepting Bitcoin and Tether (USDT) as payment options for taxes and other municipal services. This move is part of Lugano’s “Plan B,” a collaboration with Tether to integrate blockchain solutions into daily municipal operations. Lugano residents and businesses can use either currency to […]
The city of Lugano in Switzerland has announced that it is now accepting Bitcoin and Tether (USDT) as payment options for taxes and other municipal services. This move is part of Lugano’s “Plan B,” a collaboration with Tether to integrate blockchain solutions into daily municipal operations. Lugano residents and businesses can use either currency to […]
Cryptocurrency companies are increasing their lobbying spending in an effort to repair their reputations and advocate for favorable legislation, according to a Reuters report. Despite facing regulatory scrutiny and high-profile scandals, these companies are investing significant resources in engaging with policymakers and building a reasonable regulatory framework. In the first three quarters of 2023, cryptocurrency […]
Cryptocurrency companies are increasing their lobbying spending in an effort to repair their reputations and advocate for favorable legislation, according to a Reuters report. Despite facing regulatory scrutiny and high-profile scandals, these companies are investing significant resources in engaging with policymakers and building a reasonable regulatory framework. In the first three quarters of 2023, cryptocurrency […]
Neil Barofsky, the former watchdog appointed by the United States, is making a comeback in the financial world. This time, he has been assigned to oversee the investigation into the Swiss bank Credit Suisse’s handling of Nazi-linked accounts. Barofsky had previously worked on a similar investigation until he was dismissed by the bank. The decision […]
Neil Barofsky, the former watchdog appointed by the United States, is making a comeback in the financial world. This time, he has been assigned to oversee the investigation into the Swiss bank Credit Suisse’s handling of Nazi-linked accounts. Barofsky had previously worked on a similar investigation until he was dismissed by the bank. The decision […]
Lugano, a city in Switzerland, has expanded its payment options by accepting Bitcoin (BTC) and Tether (USDT) for the payment of tax bills and other municipal fees. This move comes as part of Lugano’s “Plan B” to utilize Bitcoin technology and blockchain for the transformation of the city’s financial system. The payment solution is being […]
