The Congressional Research Service outlined the benefits and drawbacks of imposing additional data collection requirements with respect to cryptocurrency transfers.
News & Insights
8 News Results
The Government Accountability Office made several recommendations to the IRS on its guidance to improve compliance with virtual currency transaction reporting.
A money transfer company agreed to settle charges for failing to implement previously prescribed Federal Trade Commission and DOJ anti-money laundering and fraud prevention compliance programs.
The Office of the Attorney General of the State of New York initiated an inquiry into the policies and operations of virtual currency trading platforms.
The IRS reminded taxpayers who have one or more bank or financial accounts located outside of the United States, or taxpayers who have signature authority over such accounts, that they might be required to file an FBAR by June 30, 2016.