Software vendors also lauded the board's new cryptocurrency standard as a worthy first step.

Whether seasoned or new, they need to understand the tax implications of their investments.

Plus, Bill releases financial operations platform for SMBs; and other accounting technology news and updates.

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like bitcoin held by companies.

So far, crypto hasn't moved the needle for the state's treasury, which is already restricted by the absence of corporate income tax.

The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.

Tax authorities worldwide are deciding how to tax non-fungible tokens. Now is the time to get clarity on this quickly evolving phenomenon.

Buy-ins are changing; faxing the IRS; Barbie and sales tax; and other highlights from our favorite tax bloggers.

Paxos will publish a third-party attestation by an accounting firm on PYUSD's reserve assets.

One of the most enduring mysteries in cryptocurrency was resolved when Ilya Lichtenstein acknowledged that he executed the 2016 attack on the Bitfinex exchange.

Ensure compliance with FASB guidelines and build business confidence.

Revenue Ruling 2023-14 clarifies the rules around what exactly counts as income for certain crypto-activities.

The Government Accountability Office called for Congress to pass blockchain regulation legislation to shore up the federal regulatory apparatus.

Sales of non-fungible tokens are taking place across jurisdictions, both state and national, and tax authorities are starting to take notice.

Accountants are helping clients stay abreast of the latest accounting, tax and regulatory issues around cryptoassets.

The legislation would make clear when and how crypto firms should register with the SEC or the CFTC, which would gain new powers to directly oversee some trading.

Cryptocurrency fraud losses nearly doubled last year in this country, a marked contrast with the rest of the world, where they actually fell by around half.

A bipartisan duo, Sens. Cynthia Lummis and Kirsten Gillibrand, unveiled their latest effort to regulate the cryptocurrency industry.

Leaders of the Finance Committee are seeking input on how to adjust the rules for digital assets.

The ruling comes amid a deepening U.S. crackdown on cryptocurrency.