Coinbase users removed over $200 million worth of BTC after reports surfaced that the platform offered its analytics to federal authorities.
Coinbase has offered to license out its analytics platform to the U.S. Internal Revenue Service and the Drug Enforcement Administration.
IRS is recruiting digital currency tax professionals to help them audit tax returns on digital currency earnings.
The U.S. tax authority has invited companies within the crypto sector, as well as other industry stakeholders, to the summit on March 3.
The Internal Revenue Service has rolled back on language that could have required gamers to report their virtual cash dealings from a number of popular video games.
Eight congressmen want the IRS to start providing clarity, and leniency, on crypto answers that they haven’t fully addressed yet.
The Internal Revenue Service has ordered California-based cryptocurrency exchange Coinbase to turn over records about one of its users.
While every other sector of the crypto industry has become better with time, taxation continues to be unnecessarily difficult thanks to regulatory ambiguity and outdated technology.
The U.S. Internal Revenue Service (IRS), the agency responsible for collecting federal taxes in the country, is tackling cryptocurrency.