IRS
- Policies & Regulations
U.S. House Overturns IRS Rule Targeting DeFi Platforms in Bipartisan Vote
The U.S. House of Representatives voted 292-132 on Tuesday to overturn an IRS rule that would have required decentralized finance…
Read More » - Government
U.S. Senate Votes to Repeal IRS DeFi Reporting Rule in Bipartisan Move
The U.S. Senate has voted to repeal a Biden-era regulation that would have required decentralized finance (DeFi) protocols to report…
Read More » - Policies & Regulations
IRS Announces Temporary Relief for Crypto Holders Using Centralized Exchanges in 2025
The Internal Revenue Service (IRS) has announced a temporary relief program for cryptocurrency holders using centralized exchanges. The program will…
Read More » - Policies & Regulations
IRS Confirms Taxation on Crypto Staking Rewards Upon Receipt
In a recent filing on Monday, the U.S. Internal Revenue Service (IRS) reaffirmed that rewards earned from staking digital assets…
Read More » - Crypto Exchanges
The IRS’ Astronomical $24 Billion Tax Claim Casts Dark Cloud Over FTX Victim Recovery
The United States Internal Revenue Service (IRS) has pushed forward a staggering $24 billion tax claim against the beleaguered crypto…
Read More » - Policies & Regulations
New Proposed Regulations for Cryptocurrency Brokers Released by U.S. Treasury Spark Mixed Reactions in Crypto Community
The U.S. Treasury Department has unveiled a proposed regulation that would mandate cryptocurrency brokers, encompassing exchanges and payment processors, to…
Read More » - Policies & Regulations
US Treasury Unveils New Crypto Tax Reporting Rules to Curb Evasion
The Biden administration has revealed new regulations regarding cryptocurrency tax reporting, aiming to combat tax evasion within the crypto sphere.…
Read More » - Policies & Regulations
IRS Ruling: Crypto Staking Rewards Subject to Taxation Upon Receipt
The United States’ top tax authority has recently issued a new directive concerning crypto investors. As per this ruling, those…
Read More » - Global News
US Senate Financial Services Committee Engages Digital Asset Community for Insights on Taxation Challenges in Open Letter
Chairman Ron Wyden and ranking member Mike Crapo of the United States Senate Financial Services Committee have issued a public…
Read More » - Policies & Regulations
Cryptocurrencies Gain Legal Recognition as Property in Hong Kong Court Ruling
A court in Hong Kong has recognized cryptocurrencies as a form of property that can be held in trust. The…
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