News with the tag "crypto broker"

How does the IRS define a crypto broker? The definition of the term “broker” includes individuals or entities that regularly provide services to carry out digital asset transfers. This definition ensures that only those truly “in a position to know” transaction details are subject to Form 1099-DA re...

Already losing its legal fight with the crypto industry over a rule that would have expanded the definition of regulated securities dealers to include a wide array of digital assets operations, the U.S. Securities and Exchange Commission has given up its appeal . The SEC has been in reset mode on it...

Confirmation of attendance by the crypto brokerage firm did point out the existence of a "reconciliation anomaly" with respect to the Solana held by FalconX.

The IRS seems to have updated its crypto brokerage tax form, Form 1099-DA, to remove requests for digital wallet addresses, among other information. The updated Form 1099-DA is slated to

In recent times, Hong Kong has been continuously making it to the headlines in the crypto space for several reasons. One of the reasons as of today is that Futu Securities International, the largest online broker in Hong Kong introduced retail cryptocurrency–Bitcoin and Ethereum–trading to its platf...

A young British hacker has been sentenced to prison for orchestrating a large-scale phishing scam targeting Coinbase account holders. This case highlights not only the sophistication of cyber criminals but also the legal system’s growing resolve to address cryptocurrency-related crimes. British Hack...

The United Kingdom regulators have imposed a $4.5 million (£3.5 million) fine on Coinbase’s UK arm, CB Payments Limited (CBPL). The penalty concerns the breach of a voluntary agreement designed to prevent the onboarding of high-risk customers. The U.K.’s Financial Conduct Authority (FCA) announced t...

The Internal Revenue Service (IRS) did not include decentralized exchanges or self-custodial wallets under its crypto broker reporting requirements. The United States Internal Revenue Service (IRS) revealed its final draft of the new crypto broker reporting requirements on June 28, and clarified the...

A new draft tax form by the Internal Revenue Service (IRS) is proposing tracking specific crypto transactions. The Digital Asset Proceeds From Broker Transactions draft indicates that taxpayers must fill out Form 1099-DA, which collects trader identification and detailed transaction data from crypto...

BitOasis, the first homegrown crypto broker out of UAE, has received its full operational VASP license from Dubai’s virtual asset regulatory authority (VARA). As per VARA’s website, BitOasis Technologies FZE Virtual Asset Service Provider (VASP) with offices in Dubai Silicon Oasis is authorised for ...