Both asset holders and practitioners have to educate themselves on the tax and recordkeeping rules around cryptocurrencies.

The Securities and Exchange Commission has added fraud charges to its previous charges against Longfin Corp., a defunct company that used to promote cryptocurrency and went public under dubious circumstances.

The Top 100 firm is now a member of the Wall Street Blockchain Alliance and the Accounting Blockchain Coalition.

From lessons learned in tax season, the blockchain accounting and tax software provider has released several upgrades to its cryptocurrency reporting software, Balance.

EY has announced a significant investment into its Blockchain Analyzer product, as well as, separately, the release of its zero-knowledge proof (ZKP) private transaction protocol into the public domain.

The second iteration of the Token Taxonomy Act, released on April 9 and hereinafter referred colloquially as “2.0,” is Congress’ latest product aimed at recognizing and defining a new asset class derived from blockchain technology.

Tipalti deepens PayPal integration, Cetrom wins award and Rapyd launches hyper-local payments solution.

The Internal Revenue Service treats crypto money as a capital asset like stocks or property, not as a currency.

Based on cryptocurrency tax guidelines specified by IRS, anyone making cryptocurrency profits has to pay taxes.

The company's Balance product is for accountants and tax preparers with clients significantly invested in crypto.