IRS Clarifies Tax Treatment of Cryptocurrencies: What You Need to Know

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In the past several years, cryptocurrencies have rapidly proliferated, gaining mind and market share among a digital-first generation looking for convenience, privacy, and autonomy. Today, cryptocurrencies represent a comprehensive investment asset with diverse holding opportunities offered by niche startups and big banks alike.At the same time, consumers can use crypto to make purchases at Starbucks,…

The IRS Airdrops Some Guidance!

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/The IRS Airdrops Some Guidance! October 17 2019 The IRS Airdrops Some Guidance! Evan Fox, J.D., LL.M. 10.17.2019 | CryptoLogic Hello faithful CryptoLogic readers! I know it has been some time since the last edition ran.I trust you have all been well.You may be wondering, “what has prompted a new post?” (or perhaps “Oh! I…

IRS Issues New Guidance on Taxation of Cryptocurrencies | Crowdfunding & FinTech Law Blog

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Cryptocurrencies , Uncategorized October 14, 2019 Leave a comment The Internal Revenue Service just issued more guidance on the taxation of cryptocurrencies.The guidance comes in the form of Revenue Ruling 2019-24 and a set of FAQs .Officially, the guidance applies only to Federal income taxes.However, states are likely to follow the IRS rules. Revenue Ruling…

U.S. IRS publishes new crypto tax guidelines for forks, income, and gains

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Home Cryptocurrency Regulation U.S.IRS publishes new crypto tax guidelines for forks, income, and gains U.S.IRS publishes new crypto tax guidelines for forks, income, and gains LeapRate’s Daily Forex Industry Newsletter Join now to receive first access to our EXCLUSIVE reports and updates.Screenshot of a breaking news alert e-mail from Q2 2017 Please check your email…

Biggest Blockchain Exploits Show Weakness in Smart Contracts, Says Crypto Insider | The Daily Hodl

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Byron Murphy, an editor at Viewnodes, the developer of Metaverse, one of China’s earliest proof-of-work blockchain, says smart contract vulnerabilities remain a “clear and present danger.” In a post published on Hackernoon, Murphy asks, “The key question underlying the biggest blockchain exploits boils down to this: why do the best coders in the space make…

Where US Regulators Stand on Crypto Assets

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The U.S.has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated.Major regulators in the U.S.with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS.Sponsored Links Also read: Tax Guide: What Crypto Owners Should Know Contents 5.0.0.0.2…

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