Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jul / 01
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- New IRS regulations for Cryptocurrency Tax Reporting to Take Effect in 2026
- Jul 01, 2024 at 10:34 am Inside Bitcoins
- In an effort to increase transparency and combat tax evasion in the digital asset market, the US Treasury and IRS have finalized new regulations requiring custodial cryptocurrency platforms to report transactions to the IRS starting in 2026. These regulations aim to ensure accurate reporting of gains from cryptocurrency sales and simplify tax filing for users. The new rules mandate the issuance of standard 1099 forms by platforms, similar to those used by traditional financial institutions. This move underscores a broader IRS effort to enhance oversight of the rapidly growing cryptocurrency market and reduce tax evasion, while providing clarity and convenience to cryptocurrency users.
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Mar / 25
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- Government of Estonia Introduce regulations to Oversee Crypto
- Mar 22, 2024 at 10:39 pm Thecoinrepublic.com
- In response to the constant growth of crypto, only select governments, like Estonia, are actively working to introduce regulations to oversee the sector. Estonia's government recently enacted a bill requiring legal requirements and licensing for digital asset service providers, aiming to make the national crypto sector more reliable amidst concerns of bad actors and hackers. This move follows El Salvador's legalization of Bitcoin through a separate law, highlighting Estonia's efforts to ensure a secure environment for crypto transactions.
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- New EU regulations Target Anonymous Crypto Transactions
- Mar 25, 2024 at 08:04 am TheBitTimes
- The EU has enacted new regulations targeting anonymous crypto transactions to combat money laundering and terrorist financing. These laws prohibit crypto service providers from offering services to accounts that maintain anonymity. The legislation aims to address the risk posed by the anonymous nature of crypto assets, which complicates the traceability of transactions and makes it challenging to identify suspicious activities. This move reflects the EU's commitment to enhancing transparency and security in the crypto industry.
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