IRS Investigative Unit Reports Rise in Crypto Tax Evasion Cases
The US Internal Revenue Service’s (IRS) Investigations Unit reports increased crypto tax investigations for the 2023 fis...
Crypto.com Obtains Electronic Money Institution License from UK’s FCA
Singapore-based crypto exchange Crypto.com received authorization from the UK’s Financial Conduct Authority (FCA) to ope...
Brazil Set to Introduce 15% Tax on Crypto Income Held Abroad
The Brazilian Senate reportedly approved new crypto tax income regulations to see citizens pay up to 15% tax on earnings...
Spanish Citizens Obliged to Declare Foreign Crypto Holdings over 50,000 Euro by End of March 2024
The Spanish Tax Administration Agency has published a tax declaration form that requires Spanish citizens holding crypto...
Crypto.com Receives VASP License from Dubai’s VARA
Cryptocurrency exchange Crypto.com announced that its Dubai entity, CRO DAX Middle East FZE, obtained a Virtual Asset Se...
US Lawmaker Suggests Cutting SEC Chair Gary Gensler’s Salary from Over $300K to $1
Representative Tim Burchett has proposed that Securities and Exchange Commission Chair Gary Gensler’s salary be cut to j...
Turkey Prepares New Crypto Legislation in Bid to Get Off FATF “Grey List”
Turkey is preparing new, stricter cryptocurrency legislation in an effort to convince the Financial Action Task Force (F...
Coinbase Takes on SEC’s Authority in A Final Attempt To Dismiss Lawsuit
Coinbase made its final attempt to get the lawsuit filed by the SEC dismissed. The crypto exchange argued the agency is...
Inspector General Finds FDIC Crypto Risk Assessment Process Insufficient
The Inspector General’s Office (IG) of the FDIC recently published an evaluation report on the FDIC’s crypto risk assess...
