Digital currencies

A recent study on the various projects undertaken by central banks around the world has found that the most commonly named motivation is preserving their role in monetary provision.

A recent study has found a correlation between tax scrutiny of digital assets and the use of tax loss harvesting as a compensating measure.

The GAO recommended that the Treasury Department's Financial Crimes Enforcement Network and the IRS should review registration requirements for the machines.

The interbank transfer network has confirmed through experiments that its infrastructure can also move digital tokens, such as a Central Bank Digital Currency.

A report from the U.S. Treasury Department didn't say the U.S. should adopt a digital currency, but did recommend it start laying the groundwork in case it ever decides to do so.

In response to a rapidly changing digital asset landscape, the department outlined seven priority action items to curtail related financial crimes.

Crypto companies that have been trying to go public since last year’s boom remain stuck in a lengthy back-and-forth with U.S. regulators, adding to the pile of challenges facing the industry.

Financial Accounting Standards Board chair Richard Jones said stakeholders have urged the board to start a project on digital assets, which they believe to be a 'top priority.'

March saw the release of an OECD framework and a Biden executive order that set the tone for digital assets.

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.