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Internal Revenue Service

IRS court filings pursue SFOX to turn in user details for tax auditing
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13 August, 2022

IRS court filings pursue SFOX to turn in user details for tax auditing

The filings also mention M.Y. Safra Bank, which partnered with SFOX in 2019 to offer its customers cash deposit accounts...
Coin Center sues US Treasury and IRS over unconstitutional digital currency tax reporting rule
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14 June, 2022

Coin Center sues US Treasury and IRS over unconstitutional digital currency tax reporting rule

The tax law amendment requires individuals and businesses that receive $10,000 or more in digital currencies to report the sender's...
US interstate tax consortium J5 lists NFT marketplace red flags
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5 May, 2022

US interstate tax consortium J5 lists NFT marketplace red flags

In its first guidance on NFTs, J5 listed phishing scams, fake token giveaways, and wash trading as some of the...
US Treasury: Digital currency miners, stakers and coders won’t be considered brokers
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17 February, 2022

US Treasury: Digital currency miners, stakers and coders won’t be considered brokers

The U.S. Treasury letter says that coders, stakers, and miners wouldn't have access to information about the sales of securities...
Arizona senator introduces bill exempting digital currencies from property taxes
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7 February, 2022

Arizona senator introduces bill exempting digital currencies from property taxes

Senator Wendy Rogers’ bill also protects the right to run a node on any network and wants to make it...
Digital currency ATMs being used for drugs and human trafficking: GAO
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18 January, 2022

Digital currency ATMs being used for drugs and human trafficking: GAO

U.S. Government Accountability Office said that since digital currency ATMs are not as strictly regulated, they can allow human traffickers...
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