Categories Crypto News

IRS Seeks Third-Party Contractors to Track Cryptocurrency

The Internal Revenue Service (IRS) is taking steps to ensure proper tax compliance among U.S. taxpayers with cryptocurrency holdings. In its pursuit of enhanced digital asset tax compliance, the IRS is looking for third-party contractors who can provide innovative solutions. These contractors will play a crucial role in aggregating, valuing, Continue Reading

Categories Crypto News

OECD Proposes New Tax Standards for Crypto Worldwide

In a significant move to regulate the rapidly expanding crypto-asset market, the Organisation for Economic Co-operation and Development (OECD) has proposed new tax standards that aim to enhance global tax transparency. These standards, comprising the Crypto-Asset Reporting Framework (CARF) and updates to the Common Reporting Standard (CRS), were recently approved Continue Reading