Digital currencies

Finance leaders at small and midsized entities are increasingly embracing cryptocurrencies and have an eye towards the nascent Metaverse, says a recent Sage Intacct report.

The crypto industry is flooding Washington with money, snapping up lobbying firms, and building up their trade associations in an effort to curb new rules.

Crypto has led to a host of tax complexities, and federal regulators have their sights set on reining in the “Wild West era.”

Cryptocurrency investors would have little time to plan against possible tax increases under legislation advancing in Congress.

The company automates all aspects of cryptocurrency tax compliance, and is looking at a valuation north of $1 billion.

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

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 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.

If you got rich buying Bitcoin a year ago, Elon Musk is inviting you to purchase one of his cars with some of the proceeds. The taxman will be watching if you do.

Five international tax enforcement heads, including from the Internal Revenue Service’s Criminal Investigation unit, have been meeting this week to discuss their joint initiatives for combating tax evasion.

Cryptocurrency investors face a tricky and fast-changing tax landscape worldwide with sparse guidance in many areas, according to a new report from PwC.

The acceptance of digital currencies continues to rise.

A Bitcoin investor in New Hampshire has filed a lawsuit against the Internal Revenue Service after he received a letter from the IRS inquiring about his digital currency holdings.

In the midst of a global pandemic, the gravitational pull toward digital transactions has been amplified.

To better understand how the U.S. tax rules apply to virtual currency, one can view the many technical issues that arise as answering one of four questions.

Around the same time a sorely needed economic relief package made its way through Congress into law to try to offset the economic wreckage of COVID-19, a unique proposal came to light.

The Internal Revenue Service could be doing more to help taxpayers who own Bitcoin and other forms of cryptocurrency to comply with their tax obligations, according to a new report.

The American Institute of CPAs’ Digital Assets Working Group has released a practice aid to offer guidance on how to account for and audit digital assets such as Bitcoin and other forms of cryptocurrency.