Ripple has said the SEC can’t regulate XRP because, as a virtual currency used in international and domestic transactions, it’s a medium of exchange and not a security.

The Securities and Exchange Commission is ramping up enforcement against cryptocurrency providers, as the Internal Revenue Service has also stepped up investigations and compliance efforts.

The cryptocurrency exchange has been touting letters from IRS and FBI agents praising its cooperation.

Service with a smell; disclosure expectations; new to us; and other highlights from our favorite tax bloggers.

Accounting firms are restricting corporations from holding the cryptocurrency as assets even as they give free rein to venture capital firms to invest in equally risky and volatile unicorns.

The Internal Revenue Service is focusing on cryptocurrency tax evasion with virtual currencies like Bitcoin and nonfungible tokens, employing data analytics to uncover transactions that crypto users assumed were hidden.

The IRS, tax preparers and taxpayers all scrambled to keep up with a rapidly changing situation this year.

Facing an indictment on tax charges in the U.S., McAfee had been in Spanish custody since October.

Lukka appoints CFO, and DigiCert intros e-signature capability to its PKI management solution.

Commissioner Rettig told the Senate Finance Committee that the value of the cryptocurrency market now tops $2 trillion.

The Biden administration has proposed requiring the collection of data on foreign cryptocurrency investors active in the U.S., aiming to bolster international cooperation to help in a broader crackdown on tax evasion.

Fifty years of preparing taxes; golden days for whistleblowers; confusion in Colorado; and other highlights from our favorite tax bloggers.

Better, more timely guidance from the IRS would do more to drive compliance, writes Alexis Leondis.

The American Institute of CPAs and the Chartered Institute of Management Accountants jointly released guidance Tuesday for auditing and accounting for the risks of digital assets such as cryptocurrency.

The first challenge for the new chief executive officer of Binance.US: combat the perception that his company is simply a stand-in for a sister crypto firm that’s under investigation by the IRS and the DOJ.

The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.

The next step in the evolution of cryptoassets and blockchain technology, ‘decentralized finance’ is here to stay.

Lukka names new head of data and analytics, Kaplan deploys CGMA learning resources, and Intapp buys in Belfast.

The Internal Revenue Service has picked TaxBit, a Salt Lake City-based company, as a subcontractor to help it do data analysis and tax calculations for audits of taxpayers with cryptocurrency.

As businesses invest in cryptocurrency and sell assets like nonfungible tokens, they should be aware of the accounting and tax issues surrounding them.