The IRS has increased funding for collection and enforcement, with a stated focus on high income non-filers and digital assets (among other areas). The DOJ has also.
States around the world are chipping away at the freedom-enhancing qualities of virtual currencies that have proliferated since bitcoin was released in January 2009.
As innovations in digital assets continue to expand, the market is now looking to regulatory bodies to control what has evolved beyond business opportunity into a burgeoning area for fraud and financial misconduct.
Takeaways: ..2022 IRS Criminal Investigation Annual Report highlights significant prosecutions and identifies cryptocurrency as an area of top priority heading into.
On September 16, 2022, the U.S. Department of the Treasury and Department of Justice released four much-anticipated reports on different aspects of cryptoasset regulation. They confirm.