Tag: IRS

Blockchain development firm Consensys has requested the U.S. Internal Revenue Service (IRS) to delay implementing new digital asset reporting regulations, citing significant compliance burdens and lack of clarity. This information comes from a recent X post by Bill Hughes, a senior counsel at Consensys. Hughes claimed that Consensys sent a ...

The Internal Revenue Service (IRS) in the United States has issued demands for back taxes from Alameda Research, FTX, and their affiliates, including West Realm Shires, Blockfolio, and Ledger Holdings. The total amount of the demands is a staggering $44 billion, spread across 45 separate claims. The IRS released a ...