A new safe harbor announced by the U.S. Internal Revenue Service on Monday is being seen as a major step toward allowing crypto exchange traded products (ETPs) to share staking rewards with their investors. …
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Tax
Key Notes HM Revenue & Customs (HMRC) sent out 65,000 crypto tax warning letters last year. The previous year, the agency sent out only 27,700 letters. The growing crypto adoption and asset price surge …
- Blockchain Research
UK Tax Authority Ups Crypto Warning Letters in Crackdown on Unpaid Gains
by adminby adminThe UK tax authority has ramped up its scrutiny of crypto investors, doubling the number of warning letters sent to those suspected of underreporting or evading taxes on digital asset gains. HM Revenue & …
Altcoin Highlights
Crypto OG Roger Ver Settles US Tax Charges with Nearly $50M Deal
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by admin
Key Notes Ver’s settlement covers alleged tax evasion of $48M tied to Bitcoin holdings he held before renouncing US citizenship in 2014. The agreement allows charges to be dismissed after one month if Ver …
