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US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance

A group of U.S. lawmakers has called on the nation’s Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments or transactions.In an open letter sent to acting IRS commissioner David Kautter, representatives Kevin Brady, Lynn Jenkins, David Schweikert, Darin LaHood and Brad Wenstrup write that the agency has had […]

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European Union to Discuss New Rules for Cryptocurrency Sector

The Finance Ministers of 28 European countries on September 7 will meet in Vienna to discuss new rules for the locally emerging cryptocurrency sector.The informal gathering, according to the EU’s draft note, will witness a broad discussion about current policy issues relevant to financial and economic affairs.Bloomberg, which claims to have read the meeting agenda […]

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Ever Wondered Why Governments Tend to Bully Cryptocurrencies?

Ever since the cryptocurrency fad caught on, governments across the world have struggled to regulate them, especially after Bitcoin’s price explosion last year. The upward spike and outrageous profits led many to refer to it as the future of money. But the subsequent price fall gave way to a sobering awakening about the volatility of […]

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‘No Reason To Not Allow’ The Bitcoin ETF To Go Ahead — Says SEC Commissioner

SEC Commissioner Hester Peirce explained why she is pro-Bitcoin ETF and why the Commission rejected the Winklevoss’ Twins latest rule change application.‘I’M A BIG FAN OF INNOVATION’In an interview with CNBC’s Cryptotrader host, Ran Neuner, SEC Commissioner Hester Peirce explained that she is currently one of four commissioners responsible for the fate of the Bitcoin […]

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