Cryptocurrency Analysis and News Portal
Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements.In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial crime reporting obligations to include all crypto asset exchange and custodian wallet providers.The regulator says that by extending
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The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime. Source
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A hacker has stolen data on more than 1,000 users from CryptoTrader.Tax, an online service used to calculate and file taxes on cryptocurrency trades. The hacker broke into a CryptoTrader.Tax marketing and customer service employee’s account on a support center platform, according to a source who came across the hacker on
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Payments and cryptocurrency platform Crypto.com has simplified cryptocurrency tax reporting for its users through a new partnership with three tax providers.On March 24, Crypto.com announced the collaboration with crypto tax calculator CoinTracker, crypto tax software platform TokenTax and crypto tax reporting firm CryptoTrader.Tax.Now, Crypto.com’s users can import their historical
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The Chinese government has expelled three Wall Street Journal reporters over an op-ed published by the outlet. The Wall Street Journal has been instrumental in exposing China’s underreporting of the coronavirus outbreak. China may be trying to suppress information about the outbreak by intimidating journalists. The Chinese Communist Party
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The Internal Revenue Service is aware that millions of cryptocurrency transactions may still remain unreported. Taxpayers may think they will not be caught, and many Coinbase users may have thought their information would be protected until the John Doe summons proved otherwise. The best way to avoid penalties is
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TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from the Winklevoss twins’ family office, Winklevoss Capital.In a Jan. 6 announcement, TaxBit said that it plans to use the raised funds to enhance its software products on an international scale as
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The U.S.-based asset management and administration firm State Street announced the launch of a digital asset pilot project in collaboration with Gemini Exchange, a digital currency exchange and custodian led by the Winklevoss twins.The new joint crypto project is the culmination of intense research efforts from State Street and Gemini
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Changpeng Zhao, CEO of the crypto exchange giant Binance, has threatened to sue the blockchain-oriented media outlet “The Block” over false reporting regarding raids of the Chinese police on Binance’s office in fiery tweets.The blazing interaction took place on Twitter when Changpeng Zhao published a tweet, saying:“Instead of apologizing to
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Missouri-based software maker CryptoTrader.Tax has launched a new product facilitating cryptocurrency tax reporting.As the 2019 tax year comes to an end, the software is designed to help firms, certified public accountants and professionals counsel their clients about reporting their taxes from crypto in accordance with the tax guidelines set
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