IRS Refused to Clarify That Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says – CoinDesk

The Internal Revenue Service (IRS) should – but won’t – clarify how taxes are levied on cryptocurrencies and cryptocurrency transactions in the U.S., the government’s top auditing institution said Wednesday. The Government Accountability Office (GAO), a U.S. Congress watchdog, published a report in response to a request from Rep. Kevin Brady (R-Tex.), evaluating the IRS’s […]

Continue Reading

South Korean Presidential Committee Wants to Bring Crypto Into Mainstream Finance – CoinDesk

Financial institutions should be allowed to offer cryptocurrency products such as derivatives, according to a government advisory body in South Korea. In a new report, the Presidential Committee on the Fourth Industrial Revolution (PCFIR) proposed the government could move to bring cryptocurrencies into the mainstream of finance through a number of measures, including derivatives. With […]

Continue Reading