Category: Taxation

The IRS is weighing different approaches to crypto taxation, says Treasury official

The IRS is weighing different approaches to crypto taxation, says Treasury official

The U.S. Internal Revenue Service is assessing different approaches to rules on cryptocurrency taxation, a government official said during an event on Thursday. Erika Nijenhuis, who serves as senior counsel for the Treasury Department’s Office of Tax Policy, said during a blockchain-focused OECD event that “[t]here are trade-offs among all of them and we are […]

Continue Reading

Bitcoin Skeptic Peter Schiff’s Bank Investigated for Allegedly Serving Top Criminals

Bitcoin Skeptic Peter Schiff’s Bank Investigated for Allegedly Serving Top Criminals

Peter Schiff may hate Bitcoin for having no value and being the money of criminals. Still, his bank Euro Pacific Capital is not without its sins either. A joint investigation by the tax authorities of Australia, the Netherlands, Canada, the United Kingdom, and the United States has Peter Schiff’s bank targeted for allegedly facilitating tax […]

Continue Reading

US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space

US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space

A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking.These politicians believe America’s ingenuity can help drive this promising staking technology.The four congressmen are Bill Foster (D) of Illinois, Darren Soto (D) of Florida, Tom Emmer (R) of Minnesota, and David Schweikert (R) of […]

Continue Reading