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US Gov’t Issues New Guidance Against North Korea’s Cryptojacking, Ransomware and Hacking

Several United States agencies issued what they call comprehensive guidance on North Korea’s cyber attacks, which have hacked cryptocurrency exchanges and used cryptojacking and ransomware to finance the regime.An international alertIn the April 15 advisory, the U.S. Treasury, Department of State, Department of Defense, and the FBI continue a

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IRS Refused to Clarify That Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says

The Internal Revenue Service (IRS) should – but won't – clarify how taxes are levied on cryptocurrencies and cryptocurrency transactions in the U.S., the government’s top auditing institution said Wednesday.The Government Accountability Office (GAO), a U.S. Congress watchdog, published a report in response to a request from Rep. Kevin Brady

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COSO to Release Guidance on Blockchain for Businesses Aiming to Deploy Tech

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is planning to release guidance on blockchain for companies looking to deploy the technology.As The Wall Street Journal reported on Dec. 27, COSO — an initiative to fight corporate fraud — is working on guidance on blockchain to give

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Treadway Commission to Issue Blockchain Security Guidance in 2020

An organization that combats corporate fraud will issue guidance for firms using blockchain technology.The Committee of Sponsoring Organizations of the Treadway Commission (COSO), commonly referred to as the Treadway Commission, will issue guidance to strengthen controls over uses of blockchain in supply chain management and financial services.The Wall Street Journal

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U.S. IRS Releases Guidance on Crypto Airdrops and Hard Forks

The United States' federal tax service has issued guidelines for tax reporting regarding cryptocurrency airdrops and hard forks.In an announcement on Oct. 9, the U.S. Internal Revenue Service (IRS) announced the issuance of Revenue Ruling 2019-24, which addresses common questions of taxpayers and practitioners regarding crypto hard forks and

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