Sentences with phrase «cryptocurrency tax evasion»

Given the ongoing Coinbase vs IRS lawsuit, heightened probes into cryptocurrency tax evasion and the fact that only 800 Americans reported their bitcoin gains from 2013 through 2015, there's never been more timely help for cryptocurrency users.

Against the backdrop of the tax agency's summons to Coinbase, it's clear that the IRS is trying in earnest to connect the dots on cryptocurrency tax evasion.

Not exact matches

Chinese regulators have been on the forefront of a global push to rein in the frenzy surrounding cryptocurrencies amid concerns over excessive speculation, money laundering, tax evasion and fraud.

South Korea «s largest cryptocurrency exchanges were raided by police and tax agencies this week for alleged tax evasion, people familiar with the investigation said on Thursday.

The most obvious way migrants could use blockchain technology to securely store money while traveling would be to convert cash into digital currency, but Soros dismissed the value of cryptocurrency, making clear he believed its primary appeal was «for tax evasion» and «the rulers of dictatorships.»

He qualified his optimism by cautioning that the «use of cryptocurrencies also carries serious risks,» including money laundering, tax evasion, the financing of terrorism, and fraudulent schemes targeting laypeople.

Le Maire elaborated about Landau's special task: «This mission will propose reorientations on the evolution of [cryptocurrency, and] regulation to better control development, prevent their use for [the] purposes of tax evasion, money laundering, or financing of criminals or terrorism.»

Russian President Vladimir Putin is the latest to call for regulation of cryptocurrencies, saying there are «serious risks» they can be used for money laundering or tax evasion.

Cryptocurrency has also become rife with scams since its surge in value last year, and may constitute a global risk because it enables clandestine money laundering, capital flight, and tax evasion.

South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.

Meanwhile, the nation's largest cryptocurrency exchanges, including Coinone and Bithumb, were raided by police and tax agencies this week for alleged tax evasion.

In the post, Gates said the main feature of cryptocurrencies is «their anonymity» — which is not good, he said, because the government needs to track money laundering, tax evasion and terrorist funding.

At the end of the day, if mass tax evasion takes place around the world, this is going to be another big reason for regulators to dig their roots further into the cryptocurrency space.

It's possible to use Bitcoin and other cryptocurrencies in the same fashion as foreign bank accounts to facilitate tax evasion,

After all, mass tax evasion with regard to cryptocurrency could threaten the sector as a whole (we'll get into that in a bit).

Giancola disagrees with US House Financial Services Committee member, Brad Sherman, whose view that cryptocurrencies should be banned in order to eliminate problems such as tax evasion and drug trafficking has raised the ire of many in the industry.

That framework would help move towards greater transparency of cryptocurrency exchange operations, as well as assuage government fears of money laundering, tax evasion, and other similar issues.

According to the FSC, the measures outlined were intended to «reduce room for cryptocurrency transactions to be exploited for illegal activities, such as crimes, money laundering and tax evasion,»

Thailand is soon to introduce a special law that will regulate the purchases and sales of cryptocurrencies and Initial Coin Offerings in order to avoid market manipulation, money laundering, tax evasion, and multi-level marketing schemes.

South Korea's largest cryptocurrency exchanges were raided by police and tax agencies this week for alleged tax evasion, people familiar with the investigation said on Thursday.

India, a fiat - reliant country, began tightening the noose on cryptocurrencies in 2018 in an effort to prevent money laundering, sponsorship of terrorism and tax evasion.

Police and tax agencies raided South Korea's largest cryptocurrency exchanges this week for alleged tax evasion

It has been reported that police and taxation agencies raided cryptocurrency exchanges in South Korea this week for alleged tax evasion.

The European Union has agreed to a cryptocurrency clampdown to combat money laundering, tax evasion, and financing of terrorism.

Now the European Union (EU) has agreed to a cryptocurrency clampdown that will impact exchanges and wallets in order to combat terrorism, tax evasion, and

Crimes pertaining to money laundering and tax evasion have become synonymous with cryptocurrencies such as bitcoins creating a major cause of concern amongst regulatory bodies worldwide.

The minister added that any individual or entity involved in issuing cryptocurrency tokens as a method of tax evasion would be subject to criminal punishment.

He said that the bank as well as the other government agencies believe that cryptocurrencies are ideal for money laundering and tax evasion.

that the U.K. Treasury and the EU both had made plans aimed at ending anonymity for cryptocurrency traders, citing anti-money laundering and tax evasion crackdowns.

It doesn't take tax evasion lightly, and it knows that many people are still failing to properly report their cryptocurrency income properly.

Similarly, the British government last month began mounting a crackdown on Bitcoin amid rising concerns about money laundering and tax evasion, with UK Treasury revealing it was looking into regulating cryptocurrencies.

On December 4, 2017, The Guardian and The Telegraph reported that the U.K. Treasury and the EU both had made plans aimed at ending anonymity for cryptocurrency traders, citing anti-money laundering and tax evasion crackdowns.

With the new agreement, tax evasion and terrorism financing will be more difficult to perform through cryptocurrency exchanges.

Regulation The Indian government has been cracking down on cryptocurrency - related tax evasion.

Thailand's government wants to prevent the usage of Bitcoin and other cryptocurrencies for money laundering, tax evasion, buying and selling of drugs, and other criminal actions.

Meanwhile, London is kicking off a campaign to reign in the cryptocurrency in order to prevent money - laundering and tax evasion.

Now the European Union (EU) has agreed to a cryptocurrency clampdown that will impact exchanges and wallets in order to combat terrorism, tax evasion, and money laundering.

«It's possible to use Bitcoin and other cryptocurrencies in the same fashion as foreign bank accounts to facilitate tax evasion.»

As reported in late December, Korean authorities first set upon enforcing a ban on anonymous trading of cryptocurrencies like bitcoin as a means to crack down on financial fraud, tax evasion and money laundering.

South Korean law enforcement agencies are raiding local cryptocurrency exchanges to look into tax evasion, while the government is simultaneously considering banning the trade of virtual currencies there, reports Reuters.

If lawmakers want to curb tax evasion, they should provide clear laws for cryptocurrency users.

South Korean police and tax authorities also raided the 2 of the biggest local cryptocurrency exchanges on allegations of tax evasion.

Putin warned the group, which included Bank of Russia Governor Elvira Nabiullina and Finance Minister Anton Siluanov, that cryptocurrency could be used for money laundering, tax evasion and funding terrorism.

Two of South Korea's largest surviving cryptocurrency exchanges, Bithumb and Coinone, were reportedly raided by «police and tax agencies... for alleged tax evasion» according to Reuters.

Most countries remain concerned about cryptocurrencies and their use for tax evasion and terrorism funding.

Chinese regulators have been playing a significant role and helped with the push to lead in the frenzy that surrounds cryptocurrency in the midst of concerns over unnecessary speculation, tax evasion, money laundering and fraud.

France is the latest country seeking to combat reports of money laundering and tax evasion in the cryptocurrency industry.

South Korea's Financial Services Commission has enacted a series of rules which it hopes will «reduce room for cryptocurrency transactions to be exploited for illegal activities such as crimes, money laundering, and tax evasion.»

Naturally, the most common stress being the use of cryptocurrencies for financing terrorism and for tax evasion.

The Indian government has been cracking down on cryptocurrency - related tax evasion.