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Tag: tax authorities

IRS Obtains Court Order for Kraken User Data Amid Concerns Over Tax Reporting Rules

Advertisement &nbsp &nbsp Kraken, a leading cryptocurrency exchange, has begun informing its user base via email that it would be obliged to share certain...

Glassnode Passes the Baton: Accointing Handed Over to Blockpit in ‘Multi-Million Dollar’ Deal

Prominent blockchain analytic platform Glassnode is exiting the crypto tax-related projects space by selling Accointing to the European crypto compliance provider Blockpit. In a...

P2P Payment Services Closing Tax Loopholes in Europe

Peer-to-peer (P2P) payment services have exploded in popularity across Europe, providing users with simple and quick ways to send money to friends, family, and businesses. However, the...

How to stay on top of taxes on crypto loans? – CoinRabbit

(Last Updated On: October 23, 2023)Unlocking the potential of cryptocurrencies has revolutionized the way we think about money. With its decentralized nature and secure...

EU Passes Resolution to Strengthen Regional Cooperation on Crypto Tax Information Sharing – CryptoCurrencyWire

The European Union’s Council has enacted a directive to improve coordination between national tax agencies, specifically concerning crypto asset transactions. The Oct. 17, 2023,...

Title: EU Council Adopts DAC 8 Directive to Enhance Tax Oversight on Crypto Transactions.

  Prior to December 7, 2021, the council indicated in its report to the European Council that it expects the European Commission to submit a...

Microsoft Owes $29B in Back Taxes to IRS – Will Other Tech Companies Have to Pay Too?

Microsoft Corporation presently owes the Internal Revenue Service (IRS) a whopping $29 billion in overdue taxes. This massive tax bill raises concerns not only about Microsoft's financial...

EU adopts new crypto tax rules, mandate data sharing from crypto firms

The European Union adopted a new law that will mandate cryptocurrency firms to share customer holdings, which will be automatically shared between tax authorities,...

EU Formally Agrees On New Crypto Tax Data Sharing Rules – CryptoInfoNet

New European Union rules that let tax authorities share data on individuals’ crypto holdings were formally adopted by the bloc’s finance ministers on Tuesday....

My Forex Funds Era: “Simulated” and “Virtual” Are The New Safe Words for Prop Trading

The prop trading industry has become very cautious after My Forex Funds was slapped with fraud charges in the United States. Behind the scenes,...

Exclusive: My Forex Funds Claims CFTC “Mischaracterized” Its Tax Payments to Freeze Assets

As My Forex Funds's regulatory quagmire continues, new details of its legal line of defence emerge. The lawyers representing the now suspended company claim...

12 Fintechs Make it Into Forbes Top 100 APAC Companies to Watch in 2023 – Fintech Singapore

12 fintech companies have been named among the top 100 companies in Asia-Pacific (APAC) to watch this year, recognized by business magazine Forbes Asia...

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