Tag: digital assets

As tax regulation evolves to include digital assets, businesses must shift from reactive to proactive compliance strategies. A key focus has been the expanded scope of Section 6045 and 6045A, which now categorises digital asset trading platforms, wallet providers, and payment processors as brokers. This change subjects them to the same IRS reporting standards as traditional securities, creating new obligations for tax information collection and verification.

The Abu Dhabi Global Market (ADGM) has issued a major enforcement action, shining a spotlight on the regulatory vulnerabilities facing virtual asset firms. This move serves as a stark reminder of the growing scrutiny within financial free zones, particularly in the rapidly evolving digital asset space.

The RegTech sector has gained significant traction in the financial industry over the past few years, with global adoption accelerating. According to market projections,...

On June 28, 2024, the IRS released the much-anticipated final regulations for digital asset brokers, providing detailed guidance for reporting sales and exchanges of digital assets.

Eventus, a prominent figure in the trade surveillance software sector, today revealed a significant expansion worldwide in 2023, coupled with a promising outlook for 2024. The company is steering the industry with its client-focused solutions and adaptable technology through its Validus trade surveillance platform.

In the intricate world of finance, trade surveillance stands as a vital pillar, ensuring markets operate with integrity. In a new podcast, Martina Rejsjo,...

Five associations have formed an alliance to help guide the UK’s digital currency future, through better policies, practice and regulation.

Tax reporting solution for digital assets CoinLedger has netted $6m in funding, as it looks to scale its team.

Coinfirm, an AML compliance solution for digital currencies and blockchain-based financial ecosystems, has closed its Series A funding round on $8m.

FNA (Financial Network Analytics), which specialises in advanced network analytics and simulations, has received an investment from German cybersecurity firm Giesecke+Devrient (G+D).