Friday, December 9, 2022
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IRS Building ‘Hundreds’ of Crypto Cases — Official Says $7 Billion in Crypto Seized in 2022 – Taxes Bitcoin News

The Internal Revenue Service (IRS) is building “hundreds” of crypto cases to crack down on tax evasion, an official reportedly said. In the fiscal year 2022, the IRS Criminal Investigation Division seized about $7 billion in cryptocurrency, which was double the previous year’s total. IRS Building ‘Hundreds’ of Cases to Crack

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IRS prepares for an increase in crypto cases in the upcoming tax season

The United States Internal Revenue Service (IRS) criminal investigation division is ramping up for tax season with its sights set on the crypto community.According to a report from Bloomberg Law, the division chief Jim Lee said they are preparing “hundreds” of crypto-involved cases, many of which will soon be available

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SEC chair highlights crypto enforcement cases to legal experts

United States Securities and Exchange Commission Chair Gary Gensler cited major enforcement actions against crypto firms as part of the “economic realities” of securities regulation.In written remarks for the Practising Law Institute’s Annual Institute on Securities Regulation on Nov. 2, Gensler used examples of SEC enforcement against crypto lending firm

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Bitcoin analysts map out the key bull and bear cases for BTC’s price action

Research has detailed Bitcoin’s recent record-low volatility and while traders expect an eventual price breakout, the Oct. 26 BTC price move to $21,000 is not yet being interpreted as confirmation that $20,000 has now become support. In a recent “The Week On-chain Newsletter,” Glassnode analysts mapped out a bull case and

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California fraud cases highlight the need for a regulatory crackdown on crypto

The California Department of Financial Protection and Innovation (DFPI) announced last month that it had issued desist and refrain orders to 11 entities for violating California securities laws. Some of the highlights included allegations that they offered unqualified securities as well as material misrepresentations and omissions to investors.These violations should

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Adopting Bitcoin: El Salvador Is All Set To Host A Conference Promoting Bitcoin And Its Diverse Use Cases 

El Salvador is hosting a conference dubbed “Adopting Bitcoin.”The three-day conference aims to “promote Bitcoin and bring together stakeholders from all sides of the Bitcoin ecosystem to discuss developments related to BTC and its diverse utility factors.” El Salvador, the BTC pioneer, is all set to host a conference dubbed “Adopting

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Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases – Exchanges Bitcoin News

The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is directed to “real world” use cases. Among these activities are remittances, stablecoin-based yield generating investment options, and also payments, with

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Ethereum’s Merge Will Increase Its Use Cases and Drive Its Investment Narrative

Many investors, including large institutional investment firms such as endowments, family offices, and pension funds, are extremely interested in cryptocurrency investments. They are governed by environmentally conscious investment standards (ESG) and have expressed concern with the energy requirements of PoW networks. While PoW networks are secure, the Ethereum upgrade to

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