Internal Revenue Service

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...
IRS updates digital currency question in 1040 tax form
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16 December, 2021

IRS updates digital currency question in 1040 tax form

The tax agency posted its 1040 form last year to ask about virtual assets; however, a query led to confusion...
US man pleads guilty to operating $4M unregistered digital currency business linked to criminal activities
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13 December, 2021

US man pleads guilty to operating $4M unregistered digital currency business linked to criminal activities

Brannen Mehaffey processed about $4 million in digital currencies without registering with the U.S. authorities, some of which were tied...
IRS: Digital currencies are top enforcement priority
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4 October, 2021

IRS: Digital currencies are top enforcement priority

An IRS Commissioner has made it clear that companies in the cannabis industry that use digital currencies must pay taxes...
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