After years of explicitly warning taxpayers that failing to report or underreporting income from transactions involving digital assets would lead to criminal charges, federal prosecutors are now beginning to follow through on...more
2/23/2024
/ Bitcoin ,
Capital Gains ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
FinTech ,
Income Taxes ,
Indictments ,
IRS ,
Required Forms ,
Tax Evasion ,
Tax Returns ,
Virtual Currency
District Court Upholds Tornado Cash Sanctions, DOJ Charges Founders -
On August 17, a Texas federal court found that Tornado Cash, a crypto mixer (which obscures the source of crypto transactions) is an entity that can be...more
8/28/2023
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Conspiracies ,
Criminal Conspiracy ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Department of Justice (DOJ) ,
E-Commerce ,
Enforcement Actions ,
ETFs ,
Hackers ,
Indictments ,
IRS ,
Monetary Authority of Singapore ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Proposed Regulation ,
Singapore ,
Stablecoins ,
U.S. Treasury
Key Takeaways -
..A court approved the issuance of a John Doe summons by the IRS to a bank aimed at identifying individuals who are potentially avoiding their income tax obligations relating to cryptocurrency...more
9/29/2022
/ Banks ,
Bitcoin ,
Crypto Exchanges ,
Digital Assets ,
IRS ,
John Doe Investigation ,
Ponzi Scheme ,
Summons ,
Tax Avoidance ,
Tax Liability ,
Tax Returns ,
Virtual Currency
Key Takeaways:
..The IRS issued its fourth John Doe summons against digital asset platform sFOX, seeking information regarding user identity and transaction activity over $20,000.
..The use of John Doe summonses...more
8/22/2022
/ Bitcoin ,
Criminal Liability ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
IRS ,
John Doe Investigation ,
Summons ,
Tax Evasion ,
Tax Liability ,
Virtual Currency
New Crypto Products Launch in Payment Cards, Gold and Sandwiches - Coinjar, an Australian cryptocurrency exchange, recently announced its launch of a payment card backed by a major U.S. credit card and financial services...more
Blockchain Pilots for Supply Chain and Land Titles, Improved Analytics, and Decentralization -
Earlier this week IBM announced the completion of a shipment tracking trial that recorded the bill of lading on a blockchain....more
The Blockchain Effect: NASA, IoT, Supply Chain and State Initiatives -
On Monday, NASA Ames Research Center published a paper about a permissioned blockchain framework that addresses privacy and security issues for FAA air...more
1/21/2019
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Cybersecurity ,
Digital Currency ,
Financial Institutions ,
Hackers ,
Initial Coin Offering (ICOs) ,
Popular ,
Ransomware ,
Supply Chain
New Cryptocurrency Financial Products and Platforms Announced -
Last week, SEFToken Inc. launched a new tokenized instrument. The new token, known as a “covered warrant,” will be issued through the Securitize platform on the...more
Multiple Studies Analyze Recent Cryptocurrency Market Trends -
A recently issued report from the Blockchain Transparency Institute analyzed high-volume bitcoin “trading pairs” on various cryptocurrency exchanges and found...more