U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges
The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the…
Tag: FinCEN
Crypto Analytics Firm Elliptic to Tell US Congress Privacy Coins Need Stricter AML Rules
A crypto analytics startup will recommend the U.S. Congress call for more stringent anti-money laundering (AML) enforcement around exchanges facilitating the trade of privacy coins…
Markets See Piecemeal Price Action, Some Stability After Yesterday’s Plummet
Friday, Oct. 12: after yesterday’s carnage, crypto markets are seeing some relative price stability. The top cryptocurrencies by market cap are seeing mild movement, both red…
Crypto Exchange ShapeShift Sees Criticism for Mandating Memberships with KYC Norms
Often lauded as a bastion of anonymity, financial independence and personal security, ShapeShift exchange has made a controversial move in the eyes of some users…
Treasury Official: Department Working With IRS to Police Crypto Exchanges
The U.S. Department of Treasury is ramping up its enforcement against the potential for money laundering and criminal financing through cryptocurrencies. Improving “anti-money laundering/combating the…