Browsing: IRS

Title: New “Bitcoin for America Act” Authorizes IRS Payments in Bitcoin, Promising a $14 Trillion Economic Boost Introduction In an unprecedented move, the U.S. government has passed the “Bitcoin for America Act,” a revolutionary bill… (via Bpaynews real-time desk)

Morning Minute: The White House and IRS Target Foreign Crypto Holdings In a significant policy shift, the White House, in conjunction with the Internal Revenue Service (IRS), has announced a targeted initiative aimed at foreign-held… (via Bpaynews real-time desk)

The growth of crypto exchange-traded funds (ETFs) is accelerating as recent actions from the IRS and SEC influence the development of new products. This maturation phase reflects a significant shift in the regulatory landscape surrounding…

cryptocurrency staking tax policy U.S. Senators are calling on the Internal Revenue Service (IRS) to reconsider its tax policy regarding staking rewards from cryptocurrency. This push comes as lawmakers express concerns that the current taxation…

On February 23, 2023, the White House commenced an in-depth review of a newly proposed Internal Revenue Service (IRS) rule aimed at regulating and taxing American-held cryptocurrency accounts in foreign countries. This initiative is a… (via Bpaynews real-time desk)

3 Hidden Details in IRS Crypto ETF Staking Rules: A Deep Dive The world of cryptocurrency is constantly evolving, and so is the regulatory landscape surrounding it. One particular area of focus has been the… (via Bpaynews real-time desk)

In a groundbreaking development for the cryptocurrency sector, Ethereum and Solana exchange-traded funds (ETFs) have received approval to participate in staking activities, according to recent guidance issued by the U.S. Treasury and the Internal Revenue… (via Bpaynews real-time desk)