block_2020
That's quite a low threshold. Do we know exactly what customer due diligence entails with regard to FATF standards? I'm curious what kind of time-based constraints would be considered for that $1,000 threshold. Not only…
What you're describing sounds like it could be typical bot activity. How does it negatively affect you? Binance's prices seem to be in line with the rest of the market. What's the crime? Are they spoofing, wash trading,…
- Tax obligations for trading in foreign exchangesJun 25, 2022
There are narrow conditions where traders may be considered by the IRS to be engaged in a business, but that only applies to those trading securities (not cryptocurrency like Bitcoin), and trading activity must…
- Tax obligations for trading in foreign exchangesJun 18, 2022
You aren't liable for taxes in the US in this situation. It doesn't matter where the trade happens. If you aren't a US citizen/national or resident alien, and you aren't engaged in a business in the US, you have no tax…
I think the two-tiered system we're seeing will become more entrenched. On one side, you'll have your regulated institutional markets and highly compliant spot exchanges like Coinbase, Bitflyer and Gemini. On the other…
Yang stopped working for Bitmain in June 2016, more than 3 years ago. All this over a $15,000 dispute from before then? It certainly looks like Jihan Wu is using the Chinese government to go after his enemies:
- Watch out for the 2019 Tax Reporting TrapMar 14, 2018
We've been discussing that landmine since last year. I assume at the very least that the IRS plans to cross-check 1099-Ks received from Coinbase, Kraken, et al. against taxpayer Form 1040 Schedule 1. Be careful…