A Binance executive, detained in Nigeria over a tax evasion case, reportedly escaped using a fake passport. The incident has raised questions about security and regulatory oversight in the crypto space.
AlexThis article will outline the facts and background of the Bruno Block fraud and tax evasion case, analyze the legal basis for the U.S. government to accuse him of tax evasion, and on this basis, analyze the regulatory and compliance requirements of the U.S. government and the tax bureau for cryptocurrency issuance.
JinseFinanceGyeonggi Province, South Korea, implements an electronic system to swiftly identify and tax cryptocurrency tax evaders, recovering $4.6 million in owed taxes, setting a precedent in digital asset regulation.
WeiliangPreviously, investigations were primarily focused on money laundering- but now
AlexThe IRS is escalating efforts against crypto tax evasion, with over half of recent investigations focusing on tax-related issues. The surge in digital asset adoption has led to an increase in tax-related probes, prompting the IRS to formulate new regulations targeting brokers and intermediaries in the crypto space. The proposed measures, seeking input until January 25, 2024, will be integrated into the American Families Plan Act of 2023, reinforcing reporting requirements for crypto transactions exceeding $10,000.
Huang BoThe Cheongju administration is collaborating with seven prominent South Korean crypto exchanges, such as Upbit and Bithumb.
BrianAuthorities in Romania have conducted over a dozen raids on individuals suspected of concealing earnings from bitcoin enterprises.
OthersThe Colombian government contemplates deploying a central bank digital currency (CBDC) to mitigate tax evasion. The country recently went through ...
BitcoinistA national digital currency would help curb tax evasion in Colombia, which is estimated at up to 8% of GDP, the head of Colombia’s tax and customs agency said.
CointelegraphAccording to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country.
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