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US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter

Last month, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The IRS has begun sending letters to taxpayers with digital currency transactions that potentially failed to report income and pay the resulting tax from digital currency transactions or did

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Iran Legalizes Crypto Mining Within Days of a Chinese Plea for ‘Better Conditions’

Iran is legalizing crypto-mining, giving a boost to this activity which was already booming despite the unfavorable position of the authorities.According to the Iran Chamber of Commerce, Industries, Mines and Agriculture, the government decided to give the green light to this activity, promoting a series of legal reforms that put

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Coinbase Deposits for UK Users Now Take 10 Days, Must Be Over £1,000

United States cryptocurrency exchange Coinbase has abruptly imposed a minimum deposit amount of 1,000 British Pounds ($1,240) for United Kingdom account holders, staff confirmed in private emails on July 16.Coinbase Suspends Faster Payments Deposits in U.K.Coinbase, which previously allowed U.K. users to deposit fiat funds via the country’s Faster

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Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings

A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s metadata dates it July 12.The bill’s provenance is unconfirmed, but crypto news site The Block quotes an inside source as saying

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Brazil: “I Don’t Know What Bitcoin is,” Says President Jair Bolsonaro, Days After Saying He Doesn’t Understand Economics

The president of Brazil, Jair Bolsonaro, said in an interview with Ratinho’s SBT show on June 4, 2019, that he doesn’t know what Bitcoin is, despite the hype that Bitcoin is causing in the country, aphenomenon that has been increasing over the past few years. Rio de Janeiro, Brazil The president’s

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