BitGo Cements Hold on Institutional Market With Lumina Acquisition
BitGo is expanding aggressively out of its core custodial business, announcing Thursday it acquired Lumina to build a tax service.
Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.
The Swiss government is making key legislative changes to financial laws to improve legal conditions for blockchain businesses.
Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-stake networks are taxed, to prevent taxpayers from owing more than they should.
The IRS is emailing crypto startups with an offer to "assist our Revenue Agents in calculating taxpayers' gains or losses as a result of their transactions involving virtual currency."
Singapore’s tax authority has clarified how it taxes the transaction of payment, utility and security tokens.
Nobody likes taxes but for U.S.-based blockchain users things can be particularly awful. This week we discuss U.S. tax treatment of "virtual currencies" and how scams find a home wherever opportunity exists, at least for a while.