Articles of Cryptocurrency Bitcoin in the US

Cointems Chief Strategy Officer Meltem Demirors: US values ​​align with cryptocurrencies

Meltem Demirors seems to have a wide range. She has been the Vice President of the Digital Currency Group (DCG), a member of the World Economic Forum (WEF) Blockchain Council, a consultant at the Massachusetts Institute of Technology (MIT) Media Lab, and a lecturer at the University of Oxford Business School. She even co-hosted a […]

New US draft ban on cryptography could affect cryptocurrencies? Practicality is too weak

The Department of Justice, led by U.S. lawmakers and Attorney General William Barr, is reportedly considering a total ban on cryptography. At a summit in the White House, Barr mentioned his opposition to end-to-end encryption. He said "military-level" security features could lead to human trafficking on closed networks. "We live in a digital age. Like […]

Cryptocurrency-related issues are included for the first time in U.S. tax forms, IRS: Cryptocurrencies remain the focus of 2020

At the beginning of this year's tax season, the Internal Revenue Service (IRS) issued important tips for cryptocurrency holders to file their taxes properly. This is the first time in the United States that a cryptocurrency-related issue has been included in a tax form. The IRS expects more than 150 million people to disclose whether […]

The IRS is here again! Tax assessment required for single cryptocurrency donations exceeding $ 5,000

The Internal Revenue Service (IRS) updated its Frequently Asked Questions (FAQ) on Thursday, stating that donors who donate more than $ 5,000 in cryptocurrencies to charities must conduct tax assessments of their donations. This could affect the booming of cryptocurrencies in philanthropy. "This new assessment requirement will make people hesitate to donate more than $ […]

Forbes: U.S. cryptocurrency law expected to be launched in 2020, SEC, CFTC, FinCEN and three major institutions join forces

According to Forbes report yesterday, 2019 is coming to a perfect end just as the U.S. Congress prepares for a holiday break. Because of the importance American lawmakers attach to Facebook's launch of the Libra project, a bill that provides a comprehensive regulatory framework for digital assets including cryptocurrencies has surfaced. The bill is called […]