Markets

IRS Says Charity Crypto Donations Must be Declared

Recently, the US government’s revenue service, the IRS made a few changes to its set of FAQs on crypto assets. Charity organizations that are generally exempted from tax collections have to report virtual currency based donations on Form 990, the

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Michael Bloomberg Pushes For Crypto Regulation

U.S. presidential candidate Michael Bloomberg is proposing rules that will clarify the status of crypto assets within the financial system. Bloomberg intends for these to offer greater government oversight as well as

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Russia Might Finally Adopt Crypto Law This Spring

Russia’s State Duma (lower house of the parliament) might adopt the law on digital financial assets in the spring session, an official believes. Digital Assets to Have Legal Framework in Russia Companies

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China Might Adjust FX Regulation for Cryptos

China is about to broaden the scope of its blockchain pilot in cross-border financing, Reuters reported Tuesday, citing a government official. Besides, China might reform the foreign exchange regulation to deal with

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