The IRS has unveiled a new tax form, the 1099-DA, designed to bring greater transparency to cryptocurrency transactions. This initiative represents a pivotal step toward standardizing crypto tax reporting, but it also introduces new challenges for accountants and platforms as they prepare for its phased implementation in the coming years.

According to a ministry announcement released Friday, Montenegro's Justice Minister, Bojan Božović, has officially authorized the extradition of Terraform Labs co-founder Do Kwon to the United States.This decision comes after the Constitutional Court of Montenegro dismissed Kwon's appeal earlier this week, upholding a previous Supreme

Prominent U.S. tech investor Cathie Wood has urged the incoming Donald Trump administration to prioritize economic growth and policy stability by implementing retroactive tax cuts, effective January 1, 2025. This call for clarity comes as Wood's flagship ARK Innovation ETF (ARKK) has experienced a notable 17% surge

Singapore is rapidly establishing itself as a global leader in digital assets, leaving Hong Kong trailing in the race to become Asia’s premier cryptocurrency hub. Through decisive regulatory advancements and strategic licensing initiatives, Singapore has significantly outpaced its rival in attracting top-tier crypto operators and fostering blockchain innovation. Singapore’

The United States is firmly reestablishing itself as the global hub for cryptocurrency, spurred by President Donald Trump’s pro-crypto agenda and an unprecedented demand for U.S.-based digital asset funds and derivatives. As 2025 approaches, the nation's influence on the crypto market is stronger than ever,

President-elect Donald Trump has appointed a former general partner at Andreessen Horowitz as Senior Policy Advisor for Artificial Intelligence, underscoring his administration’s focus on technological innovation. Working within the White House Office of Science and Technology Policy, the new advisor will collaborate with David Sacks, Trump’s "crypto

President-elect Trump has announced significant appointments for his second-term administration, focusing on technology, cryptocurrency policy, and defense innovation. These strategic picks underscore the administration's priorities in fostering innovation, streamlining government operations, and modernizing defense capabilities. The incoming administration has placed technology and cryptocurrency at the forefront of its

Australia’s top securities regulator has taken legal action against Binance Australia Derivatives, alleging the crypto exchange improperly categorized hundreds of retail investors as wholesale clients and, as a result, denied them critical legal protections. In a statement released Wednesday, the Australian Securities and Investments Commission (ASIC) said that between

As the U.S. prepares for a new administration, the Digital Chamber’s Token Alliance is urging the Securities and Exchange Commission (SEC) to reset its approach to cryptocurrency regulation. The advocacy group calls for a comprehensive review of all ongoing investigations and policies, aiming to repair what it describes

In a widely anticipated move, the U.S. Federal Reserve reduced its benchmark interest rate by 25 basis points on Wednesday, adjusting the federal funds target range to 4.25%–4.50%. This latest reduction follows a larger 50 basis point cut delivered in September, signaling the central bank’s

Representative French Hill, a seasoned banker and former Treasury official, is set to lead the Financial Services Committee as its new chairman during a pivotal political shift under President-elect Donald Trump. Tasked with addressing the rapidly evolving digital asset landscape, Hill aims to prioritize cryptocurrency regulation and banking reform. Known

A new proposal in the Texas House of Representatives aims to position the state as a forerunner in cryptocurrency adoption by establishing its own strategic bitcoin reserve. Introduced Thursday by Republican Rep. Giovanni Capriglione, the measure would allow Texas to accept certain taxes, fees, and donations in bitcoin, holding the

A super political action committee known as Fairshake, which emerged with backing from Ripple, may have arisen in direct response to the regulatory posture taken by U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. Ripple’s chief executive, Brad Garlinghouse, revealed during a “60 Minutes” interview on CBS

El Salvador is reportedly preparing to limit the reach of its Bitcoin legislation in order to secure a $1.3 billion financing package from the International Monetary Fund (IMF). According to sources cited by the Financial Times on Monday, the Central American nation and the IMF are nearing an agreement