Nigeria has reportedly charged Binance and two of the cryptocurrency exchange’s executives with tax evasion. The charges come with a dramatic wrinkle, as one of those executives, who had been detained by the government last month, has apparently fled the country, Bloomberg News reported Monday (March 25). According...
The Internal Revenue Service (IRS) has reportedly “stepped up” its pursuit of taxpayers who haven’t reported and paid taxes on cryptocurrency transactions by getting a court order to gain access to a bank’s data relating to customers who used a digital currency broker. The court...
IRS Commissioner Charles Rettig says there’s “replicating” of tax evasion with cryptocurrencies using nonfungible tokens (NFTs), CNBC reported on Wednesday (April 14), adding that the IRS is looking at the dark web for crime related to crypto or NFT transactions. Rettig, speaking before the Senate...
April is months away, but tax season is likely top of mind for crypto holders. To that end, in the United States, the Internal Revenue Service (IRS) has said that huddling with other tax authorities across the globe has helped train a spotlight on how...
April 22, 2024
A Binance executive who fled Nigerian custody last month has reportedly been found in Kenya. Nadeem Anjarwalla, a British-Kenyan who is the cryptocurrency giant’s regional manager for Africa, escaped after weeks of being held in Nigeria along with a second executive. He has since been located in Kenya and is facing extradition, Coinbase reported Monday (April 22), citing Nigerian media accounts. […]
March 25, 2024
Nigeria has reportedly charged Binance and two of the cryptocurrency exchange’s executives with tax evasion. The charges come with a dramatic wrinkle, as one of those executives, who had been detained by the...
September 26, 2022
The Internal Revenue Service (IRS) has reportedly “stepped up” its pursuit of taxpayers who haven’t reported and paid taxes on cryptocurrency transactions by getting a court order to gain access...
April 14, 2021
IRS Commissioner Charles Rettig says there’s “replicating” of tax evasion with cryptocurrencies using nonfungible tokens (NFTs), CNBC reported on Wednesday (April 14), adding that the IRS is looking at the...
