Legal

IRS Drafts New 1099-DA Form for Cryptocurrency Tax Reporting

The U.S. Internal Revenue Service (IRS) is taking significant strides towards integrating cryptocurrency transactions into the federal tax framework with the introduction of the...

Arkansas Bills Aim to Limit Bitcoin Mining Amid Environmental Concerns

In a recent development that has sparked considerable debate, the Arkansas State House has passed two bills that may lead to restrictions on cryptocurrency...

Hong Kong’s Imminent Launch of Bitcoin and Ether ETFs: Impact and Analysis

As we delve into the global financial landscape, the intersection of traditional finance and burgeoning technological innovations like cryptocurrencies has increasingly drawn interest from...

VALR Acquires Dual Category Crypto License in South Africa

South Africa's cryptocurrency market has taken a significant step forward as Johannesburg-based VALR, the nation's largest crypto exchange by trading volume, recently announced the...

Norway’s Legislation on Data Centers Aims to Limit Crypto Mining

In a recent move by the Norwegian government, new legislation has been introduced to regulate data centers across the country, a decision that holds...

UK Government’s New Crypto Regulation Plans for Stablecoins and Staking 2024

The United Kingdom is poised to take significant strides in the regulation of cryptocurrency, specifically targeting crypto staking and stablecoins. Economic Secretary Bim Afolami's...

IRS Digital Asset Reporting Requirements for Cryptocurrency Transactions 2023

As the digital age advances, the intersection of technology and tax obligations becomes increasingly complex, particularly when it comes to digital assets like cryptocurrencies....

South Africa FSCA’s Recent Cryptocurrency License Approvals Impact

In a significant move for the cryptocurrency sector in South Africa, the Financial Sector Conduct Authority (FSCA) has recently approved 59 out of 493...

Fiji’s Central Bank Issues Strong Warning Against Cryptocurrency Investments

Fiji's central bank, the Reserve Bank of Fiji (RBF), has recently reiterated its cautious stance regarding cryptocurrency investments, particularly those being promoted within the...

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