Cryptocurrency regulations have been a topic of intense debate and rapid evolution over the past decade. As we step into 2024, the global landscape of crypto regulations continues to transform, influenced by technological advancements, market dynamics, and geopolitical considerations. This article provides a comprehensive overview of the current regulatory frameworks in key countries, including Nigeria, … Read more
Have you been paying attention to the FTX Crisis headline news lately? If so, you’ve probably heard something about the bankruptcy of the fourth-largest crypto exchange in the world, FTX. In this featured article, I’ll talk about FTX, what it is, who ran it, and what led to its collapse. I’ll try to be succinct … Read more
IRS Taxpayer Digital Communications The IRS Office of Online Services launched a platform with various tools to improve public engagement. It now allows tax payers to directly text the IRS about their crypto tax questions. Wow! I never saw that coming. The IRS is aiming to digitally communicate with taxpayers and tax professionals more effectively … Read more
The government and the financial industry have spent several years discussing and researching cryptocurrencies. At the 2016 Bretton Woods Conference many government and industry leaders gathered at the Mount Washington Hotel in New Hampshire for a workshop to create guiding principles for consumer protection around bitcoin and blockchain. How does Bitcoin and other cryptocurrencies fit … Read more
Back in 2017 the IRS sued Coinbase. Why? The IRS believed many people with cryptocurrency gains weren’t filing their tax returns. I think they were right. For the 2015 tax year, the IRS said only 802 tax returns were filed showing bitcoin gains. I’m sure there were many more that should have filed, but not … Read more