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(Kitco News) - Global regulators continue to make up for years of inaction in regards to blockchain technology as the global crypto crackdown of 2022 continues to gain steam with new laws and enforcement actions coming every week.
On Monday, an order entered by a federal district in California cleared the U.S. Internal Revenue Service (IRS) to serve a John Doe summons to the crypto prime dealer SFOX.
The order will allow the IRS to obtain information regarding taxpayers in the United States who conducted at least $20,000 in crypto transactions between 2016 and 2021 using SFOX.
The main focus of this latest action is to “obtain information about possible violations of internal revenue laws by individuals whose identities are unknown,” according to the order, which basically means that the move is...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...