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The Securities and Exchange Commission is ramping up enforcement against cryptocurrency providers, as the Internal Revenue Service has also stepped up investigations and compliance efforts.
On Wednesday, the SEC announced that it had settled charges with a U.K.-based company, Blotics, that used to operate Coinschedule.com, a once-popular website that profiled offerings of digital asset securities. The SEC found the company violated the anti-touting provisions of U.S. securities laws by failing to disclose the compensation it received from issuers of the digital asset securities it profiled.
The move comes as the IRS has also stepped up its compliance efforts, adding a question at the top of the Form 1040 asking taxpayers to disclose whether they received, sold, sent, exchanged, or otherwise acquired any financial interest in virtual currency in 2020. The IRS has also received court authorization to send so-called “John Doe summons” to widely used cryptocurrency ex
After Binance Solicits Praise from U S Agencies, DOJ Says Stop bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.