Cryptocurrency Analysis and News Portal
Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement. Original Source
Read More
Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million. Source
Read More
Amir Bruno Elmaani, the 31-year-old founder of the now-defunct cryptocurrency scheme Oyster Protocol has been handed the maximum sentence of four years in prison for tax evasion.The United States Attorney’s Office said on Oct. 31 that Elmaani — also known by the alias “Bruno Block” — was sentenced to prison
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Indian authorities are intensifying their crackdown on gaming and betting applications using cryptos and offshore companies to evade taxes. According to a report from The Economic Times, several agencies are investigating networks of dummy companies that allegedly
Read More
A bitter dispute between Paxful’s co-founders, Artur Schaback and Mohamad (Ray) Youssef, in Delaware's courts may have been the real reason behind the Bitcoin marketplace’s sudden closure on April 4. Schaback and Youssef, who started Paxful in 2015 with a shared passion for Bitcoin (BTC), are now litigating the company’s control, with
Read More
Court documents filed on Monday contained internal chats from Binance, including one from Samuel Lim, the exchange’s chief compliance officer through January 2022. “On the surface we cannot be seen to have U.S. users but in reality we should get them through other creative means," Lim allegedly said. Source
Read More
Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western Wall NFTs’ Allegedly Sold Without
Read More
The Office of the Attorney General for the District of Columbia in the United States is moving forward on a lawsuit against business intelligence firm MicroStrategy executive chair Michael Saylor related to tax evasion.According to a Feb. 28 filing with the U.S. Securities and Exchange Commission, MicroStrategy said the court
Read More
The court did dismiss claims against the company and Saylor that they conspired to violate D.C.’s False Claims Act. Source
Read More
The Office of Foreign Assets Control of the United States Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part of its list of Specially Designated Nationals.In a Feb. 1 announcement, OFAC said it had added one Bitcoin (BTC) address and
Read More