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Regulation
Regulation
BUSINESS
U.S. Wants To Require That Large Bitcoin Transactions Are Reported To IRS
Peter Chawaga
-
May 20, 2021
A tax enforcement proposal from the Biden administration may compel businesses to report bitcoin transactions exceeding $10,000 to the IRS.
BUSINESS
Inner Mongolia Establishes Hotline To Report Illegal Bitcoin Mining Operations
Ahyke Otutubuike
-
May 19, 2021
Inner Mongolia, which recently banned bitcoin mining, has established a hotline for reporting illegal operations.
BUSINESS
Report: China Bans Financial Institutions From Offering Bitcoin Services
Namcios
-
May 18, 2021
China has reportedly banned financial institutions and payment companies from offering Bitcoin service to clients.
BUSINESS
BitMEX Executives Trial Set For March 2022
Oluwapelumi Adejumo
-
May 12, 2021
The former executives of bitcoin derivatives platform BitMEX face trial over money laundering charges next year.
CULTURE
Ross Ulbricht Sues Federal Government, Alleges Religious Rights Are Being Violated In Prison
Ethan Biando
-
May 12, 2021
Ross Ulbricht, founder of Bitcoin darknet marketplace Silk Road, is suing over the right to communicate with his father.
BUSINESS
New York’s Misguided Legislation To Pause Bitcoin Mining Won’t Stop The Industry
Jessie Willms
-
May 11, 2021
Legislation under consideration in New York to stop Bitcoin mining over environmental concerns won’t stop an increasingly-green industry.
BUSINESS
SEC Chairman: Bitcoin Is Store Of Value But Needs Greater Investor Protection
Namcios
-
May 7, 2021
SEC Chairman Gary Gensler recently recognized bitcoin’s value but called for greater investor protection through increased regulation.
BUSINESS
Iran Reportedly Bans Trading Of Bitcoin Mined Abroad
Namcios
-
May 7, 2021
The Central Bank of Iran has reportedly banned its citizens from trading bitcoin mined outside of the country in an attempt to stop capital flight.
BUSINESS
Turkish Government Requiring Exchanges To Report Bitcoin Trades Over $1,200
Oluwapelumi Adejumo
-
May 7, 2021
Turkey is instituting a reporting requirement for large trades, including bitcoin, from cryptocurrency exchanges.
BUSINESS
IRS Authorized To Summon Kraken For User Information
Oluwapelumi Adejumo
-
May 6, 2021
The IRS has been authorized to seek information on users of the cryptocurrency exchange Kraken, to ensure they are paying their taxes.
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