Category: IRS

Seizure of Bitfinex funds is a reminder that crypto is no good for money launderers

Seizure of Bitfinex funds is a reminder that crypto is no good for money launderers

As public understanding of how digital assets work becomes more nuanced along with the mainstreaming of crypto, the language of Bitcoin’s (BTC) “anonymity” gradually becomes a thing of the past. High-profile law enforcement operations such as the one that recently led to the U.S. government seizing some $3.6 billion worth of crypto are particularly instrumental […]

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US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200

US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200

House Representative Suzan DelBene, introducing the latest iteration of the bill, said the United States needs to “ensure that our tax code evolves with our use of virtual currency.” 1476 Total views 61 Total shares A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under […]

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