Abraham Sutherland News Today

Marcel R Jung of MLL Legal analyses the perspectives of two Swiss federal governmental bodies – along with several academic and legal sources – on the taxation of rewards earned by blockchain trans-action validators.

The requirement, buried in the $1 trillion infrastructure law passed last year, mirrors one for brokerages and has flown under the radar.

The requirement, buried in the $1 trillion infrastructure law passed last year, mirrors one for brokerages and has flown under the radar.

/PRNewswire/ -- Today, the Proof of Stake Alliance (POSA), a leading blockchain industry association, celebrated important news: as part of ongoing federal...

/PRNewswire/ -- Today, the Proof of Stake Alliance (POSA), a leading blockchain industry association, celebrated important news: as part of ongoing federal...

Digital currency transactions (including NFTs) resulting in more than $10,000 may have to be reported to the government

The infrastructure bill intends to treat the crypto community’s software developers, transaction validators and node operators as the brokers of the traditional institutions.

News Republican Rep. Tom Emmer has called for more precise tax guidelines regarding cryptocurrency earnings, after a report he commissioned from the Law Library of Congress showed a stark disparity between regulatory approaches taken by various tax authorities around the world. The 128-page study examines cryptocurrency tax laws in 31 nations, paying particular interest to their applications concerning coins and tokens earned through mining and staking. As the report notes, many countries hav...