Bitzlato founder Anatoly Legkodymov made his first appearance on Tuesday in New York, where the Russian national accused of processing more than $700 million in illicit funds was denied bail. Un...
Tag: Evasion
Israeli duo found guilty of large NFT tax evasion scheme worth $2.2M
Ad The Israel Tax Authority in Jerusalem is investigating two NFT creators for possible tax evasion. The suspects, Avraham Cohen from Jerusalem and Antony Polak from Har Adar, allegedly did not report...
NFT Creators Investigated in Israel for Alleged Tax Evasion – Taxes Bitcoin News
Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of...
Andrew Tate Uses Bitcoin For Tax Evasion, Whilst Big Eyes Coin Surpass $20 Million Milestone
This year, the crypto market has experienced much more dips than peaks. Cryptocurrency experts fear this will happen due to its volatility. Nonetheless, the stock prices of a few well-known bitcoin fi...
South Korea Goes After Bithumb for Another Tax Evasion Scandal
Bithumb Holdings comes under federal probe for suspected tax evasion. The current probe is the second time Bithumb has been subject to a tax investigation. Bithumb ranks among the top 10 crypto exchan...
NTS of South Korea Probes Bithumb over Possible Tax Evasion
NTS is investigating Bithumb over possible tax evasion. They were previously accused of similar incidents in 2018, but the charges were reversed. From January 2023, crypto gains over KRW 2.5 million...
Romania Carries Out Raids as Part of Crypto Tax Evasion Probe – Taxes Bitcoin News
Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier invest...
Senator Warren Leads New Crypto Crackdown, Says ‘Rogue Nations’ Using Crypto for Terrorism and Sanctions Evasion
Senator Elizabeth Warren is leading a new regulatory campaign for crypto as she says entities are using the technology to fund illicit activities, including terrorism. The Massachusetts Democrat recen...
Bitcoin pioneer faces trial for tax evasion and unlicensed crypto business
A well-known Bitcoin pioneer and Libertarian activist Ian Freeman is currently facing an eight-count charge in the United States. The trial relates to tax evasion and operating an unlicensed money-tra...
IRS Is Preparing Hundreds of Crypto Tax Evasion Cases
The United States Internal Revenue Service (IRS) criminal division has said that it is gearing up for the tax season and has its sights set on the crypto community. Per reports from Bloomberg Law, Jim...
IRS Building Hundreds of Crypto Tax Evasion Cases, Says Agency’s Criminal Chief: Report
The U.S. Internal Revenue Service’s (IRS) criminal chief says that the agency is reportedly building hundreds of crypto tax evasion cases. According to a new report by Bloomberg Tax, IRS criminal head...
Eliminate Tax Evasion by Digitizing the Full Fiat Currency Supply – Economics Bitcoin News
A proposal to eliminate the physical representation of the Argentine Peso, in order to streamline specific state processes and reduce tax evasion, has been presented by former banker Carlos Maria De L...
IRS is Building Hundreds of Crypto Tax Evasion Cases
Hundreds of crypto-related cases are piling up at the Internal Revenue Service (IRS)’s Criminal Investigation division. According to division chief Jim Lee, many of these cases will be made public soo...
US Charges Russians, Venezuelans for Sanctions Evasion Using Cryptocurrency – Bitcoin News
A group of Russian and Venezuelan nationals have been charged by U.S. authorities for their roles in a scheme to circumvent Western sanctions and launder money on a global scale. They have been accuse...
US Alleges 5 Russian Nationals Used Crypto as Part of Sanctions Evasion, Smuggling Scheme
Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva (also known as “Lana Neumann”), Timofey Telegin and Sergey Tulyakov are being charged with attempting to evade sanctions against Venezuelan oil producers...
OECD Issues Framework to Tackle International Tax Evasion Using Crypto-Assets – crypto.news
The Organization for Economic Cooperation and Development (OECD) has issued a global tax reporting framework for cryptocurrencies that will assist tax authorities in keeping track of cross-border tran...
OECD releases final plan to crack down on international tax evasion using crypto
The Organisation for Economic Co-operation and Development’s long-in-the-making crypto tax framework was published Monday. The document is meant to formalize information sharing between the 38 m...
OECD releases framework to combat international tax evasion using digital assets
The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13. The Organisation for Economic Cooperation and D...
European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion – Taxes Bitcoin News
Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has be...
EU Policymakers Vote for Blockchain Use to Fight Tax Evasion, Crypto Asset Non-Taxation
On Tuesday, the members of the European Parliament (MEPs) voted in favour of a resolution that calls for the use of blockchain technology to fight tax evasion and urges member states to coordinate mor...
U.S. congressman says Bitcoin has ‘no societal value’, only suitable for tax evasion
United States congressman from Califonia Brad Sherman has once again slammed Bitcoin (BTC), stating that the flagship cryptocurrency has ‘no societal value,’ citing the lack of an intrinsic value and ...
Pro-Russian separatist claims crypto sanctions evasion is easy in Georgia
A pro-Russian separatist has moved to Georgia, where he’s teaching Russians how to avoid sanctions and make an alleged profit through crypto trading. 22-year-old Deev Daniil Nikolayevich, who holds a ...
Microstrategy Co-founder in legal trouble over tax evasion
Join Our Telegram channel to stay up to date on breaking news coverage Microstrategy co-founder Michael Saylor has been accused of evading tax, amounting to $25 million. In a filing by the Attorney Ge...
MicroStrategy Stock Plunge 7.26% After Bitcoin Maxi CEO Michael Saylor Accused of Tax Evasion
– Advertisement – The stock of MicroStrategy plummeted after its founder Michael Saylor was accused of tax evasion. According to data from Google Finance, MicroStrategy stock (MSTR) is do...
MicroStrategy Chair Sued For Tax Evasion
Crypto billionaire and MicroStrategy chair Michael Saylor is being sued by the DC attorney general on charges of tax evasion. Washington Or Florida – Where Does Saylor Live? District of Columb...
U.S. Charges Bitcoin Proponent Michael Saylor and His Company for $25M Tax Evasion
Karl Racine, the Washington, D.C. Attorney General, announced Wednesday that the Office of the Attorney General (OAG) has filed civil charges against Bitcoin proponent Michael Saylor and his company M...
MicroStrategy’s Michael Saylor Charged With Tax Evasion
14 seconds ago | 2 mins read Editors News D.C sued Michael Saylor for allegedly claiming other residences. Michael Saylor failed to pay more than $25 million in income taxes. Washington, D.C. sued Mi...
Coinmetro Responds to Tax Evasion Rumours, Shuts Down Worry Claims – crypto.news
As reported last week, Coinmetro’s name was in the spotlight following allegations of tax evasion, rumoured to have come from the Estonian Tax and Customs Board. The startup has now responded, refutin...
Colombia Soon to Launch A CBDC to Reduce tax Evasion and Facilitate Transactions
With the aim to facilitate transactions and mitigate tax evasion, Colombia is planning to introduce a central bank digital currency (CBDC). Head of the Colombian Tax and Customs Office, Luis Carlos Re...
a national digital currency to prevent tax evasion
In Colombia, the new government of President Gustavo Petro wants to create a national digital currency to prevent tax evasion in the country. Colombia: new government wants to establish a new national...
Colombia to prevent tax evasion with national digital currency: Report
AmColombia’s economic growth beat expectations in the second quarter, an official at the country’s tax and customs agency has hinted at some national digital currency plans. Luis Carlos Reyes, the hea...
Why Colombia Will Create CBDC To Reduce Tax Evasion
The Colombian government contemplates deploying a central bank digital currency (CBDC) to mitigate tax evasion. The country recently went through a change of government, and the new Gustavo Petro-led ...