Japan's financial regulator proposed easing corporate tax rules for crypto assets and lighter levies for stock investors to reinvigorate the economy.

The ruling lets a cryptocurrency holder take the service to court over the service gathering private information about him without a lawful subpoena.

The Institute of CPAs is updating its Statements on Standards for Tax Services and wants the IRS to hold off on renaming "virtual currency" as "digital asset" on tax forms.

The crypto tax and accounting platform for professionals has released a new guide for tax management of digital currencies.

Accountants are dipping their toe in this virtual environment, and while sources agree there is much future potential there, its relevance in the present is more of an open question.

A Pew Research survey found that only 15% of those who bought crypto said the assets performed better than expected.

At a time when many crypto companies have seen their fortunes plummet, one corner of the industry is thriving: auditing.

The company is shifting course as global regulators crack down on digital asset services.

Crypto thieves are shifting tactics, moving from scamming to outright theft as a result of market changes.

The summonses are part of a broader effort by U.S. lawmakers and regulators, including the SEC and the CFTC, to extend their oversight to crypto trading.

The growing use of cross-chain bridges — services that can transfer cryptocurrency from one blockchain to another — has made it more difficult to track virtual currency, particularly in cases of money laundering.

The Treasury announced sanctions against Tornado Cash, a virtual currency 'mixer,' over accusations of money laundering facilitation.

Legislation introduced by a mix of Republicans and Democrats would exempt the firms from being considered cryptocurrency "brokers."

Two of 11 individuals charged with running an alleged cryptocurrency Ponzi scheme have settled with the commission.

Michael Alan Stollery of Titanium Blockchain Infrastructure Services pleaded guilty to enacting a $21 million scheme that involved misleading investors.

The commission filed insider trading charges against a former Coinbase employee -- but some argue that the assets involved aren't under its jurisdiction.

The bureau is warning people to make sure the app they use to trade cryptocurrency is legitimate, as approximately 277 people have lost $42.7 million to fake ones designed by scammers.

With fast-paced change and tremendous uncertainty, this is sure to be an area of growth for accounting practices.

While they hold much potential to change accounting, thought leaders say the technology is still immature.

The Treasury developed the framework with other federal agencies in response to an executive order from President Biden, even as lawmakers have proposed their own industry-friendly legislation.