CoinBase

According to Forbes, the United States Revenue Service (IRS) sent letters to more than 10 thousand investors with the requirement to report income from operations with cryptocurrency. Lawyer Tyson Cross, who specializes in cryptocurrency taxation, said that several of his clients had recently received letters on the 6174-A form. In them, the IRS warns of possible future law enforcement actions “civil or criminal […]

The cryptocurrency division of the financial holding Fidelity Investments has applied for a license of trust to the Financial Services Authority of the State of New York (NYDFS), reports The Block, citing informed sources. Thus, the corresponding license will allow Fidelity Digital Assets to provide custodial services to residents of New York. At the moment, such permission has already been issued by Coinbase, Gemini and Paxos. Note that the cryptocurrency platform […]