IRS Advisors Call for More Tax Guidance on Crypto Transactions An advisory committee to the U.S. Internal Revenue Service (IRS) believes the agency should provide clearer guidelines on how cryptocurrency transactions may be taxed. In a new report published on October 24, the Information Reporting Program Advisory Committee (IRPAC) highlighted cryptocurrencies’ rise in popularity, noting that “there…
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CFTC Commissioner Cites CryptoKitties, Dogecoin When Talking DLT Uses A commissioner of the Commodity Futures Trading Commission (CFTC) spoke positively about the potential uses for blockchain while emphasizing how his agency must respect its role in financial markets during a meeting of international regulators on Thursday. CFTC Commissioner Rostin Behnam called for “an open mind”…
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