As tax season nears, Americans prepare for filing payments and returns. It’s also a time to maintain fresh financial records for the upcoming year. Amid these activities, individuals who transacted with cryptocurrencies were required to provide pertinent data for over 14,000 customers involved in transactions exceeding $20,000 in bitcoins (BTC) between 2013 and 2015. Those …
As interest in digital currencies skyrockets, there’s an increasing demand for a clearer understanding of the legal ramifications that accompany these emerging technologies. Around the globe, regulatory bodies, tax agencies, and central banks are striving to grasp the essence and implications of cryptocurrencies. While individual investors stand to potentially earn substantial returns, they also face …