UK Tax Watchdog Seizes NFTs in $1.9M Fraud Investigation
Her Majesty’s Revenue and Customs has not taken control of the three NFTs, but is instead preventing them from being sold via court order, according to Sky News Three people…
Treasury Official Says Stablecoin Issuers Must be Banks to Ensure Security
A Treasury official appeared before Congress Tuesday to defend the recent report on stablecoin policy recommendations To protect consumers and the stability of the financial system, stablecoin… ] Go to…
Andrew Yang: We Must Avoid Politicizing Crypto, Web3
Perception of the digital asset space must move beyond “a bunch of crypto bros who are speculating,” according to Yang The Forward Party, a political action committee that the former…
Bipartisan Bill Proposes Tax Exemption for Small Crypto Transactions
The Virtual Currency Tax Fairness Act would exempt personal transactions made with virtual currency when the gains are $200 or less Rep. Suzan DelBene (D-Wash.) and David Schweikert (R-Ariz.)… ]…
Fate of ‘Millions of Taxpayers’ Hangs in Balance of IRS Crypto Staking Case
After the IRS offered to refund a Nashville couple for taxes paid on unredeemed rewards from staking on the Tezos blockchain, industry experts weigh in about a potential new tax…
In Win For Crypto Stakers, IRS Offers Refund on Untraded Token Rewards
In a win for cryptocurrency stakers and miners, the IRS proposes not to tax unsold tokens of Tennessee couple Tokens attained through proof-of-stake protocols are taxpayer-created property and should… ]…
Sources: In Win for Crypto Stakers, IRS Says Untraded Tokens Are Tax-Free
In a win for cryptocurrency stakers and miners, the IRS will not be taxing unsold tokens Tokens attained through proof-of-stake protocols are taxpayer-created property and should not be taxed until……
Hong Kong Restricts Trading of Crypto ETFs to ‘Professional Investors’ Only
Financial regulators in Hong Kong have limited the sale of crypto spot ETFs to professional investors only Professional investors in Hong Kong are defined as having a portfolio of no…
Fed Market Reaction: Stock Correlation Weighs More on Bitcoin Than Interest Rates
Markets marginally rebound on signals that rate hikes may come in March If bitcoin’s correlation to equities persists, a greater sell-off might follow a short-term pop It looks like the…
FTX.US President: Crypto Derivatives are 2022 Priority
FTX.US’s first external funding round — including participation from Paradigm, Temasek, NEA and Multicoin Capital— values the company at $8 billion Company could look to acquire companies as a way…