The U.S. Internal Revenue Service (IRS) has been granted the authority to issue a ‘John Doe’ summons to M.Y. Safra Bank, a court in New York ruled on Thursday. The summons will oblige the ...
Tag: SFOX
IRS secures court approval to probe records of M.Y. Safra Bank, SFOX users over failure to report taxes
On Sept. 22, a U.S. judge granted the Internal Revenue Service’s (IRS) petition that requires M.Y. Safra Bank to submit records of taxpayers who may not have reported or paid taxes on crypto transacti...
US IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders
“The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains a critical tool in catching tax cheats,” IRS Commissioner Charles P...
IRS targets SFOX users for possible tax crimes
The IRS can serve a John Doe summons on crypto prime dealer SFOX, according to an order entered by a federal district in California on Monday. The order allows the agency to seek information about tax...
U.S. Department of Justice Teams Up With IRS To Find Alleged Crypto Tax-Cheating Customers of SFOX
The U.S Department of Justice (DOJ) is working with federal tax collectors to find crypto traders who didn’t pay their government dues. In a statement, the Justice Department says that a California co...
IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers
The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue Service (IRS) to serve a John Doe summons on SFOX, a Los Angeles-based cryptocu...
IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders
The court order, which was approved by a judge in the Central District of California, authorizes the IRS to serve the summons against SFOX, asking for information about any “U.S. taxpayers who c...
SFOX Crypto Firm Approved as a Wyoming Trust
SFOX (San Francisco Open Exchange) affirmed that its application for a trust charter has been approved. SFOX is a reputable multi-dealer platform for investors and wealth managers. Additionally, the c...
Crypto dealer SFOX gets trust charter approval from Wyoming regulators
The State of Wyoming has approved California-based crypto broker SFOX for a trust charter, allowing the firm to provide custodial and other crypto-related services to institutional clients. In a Tuesd...
SFOX Working to Open Market by Facilitating Trading in Bitcoin Derivatives
Crypto prime brokerage SFOX said they are working to open a market that facilitates banks and market makers to trade in bitcoin derivatives. SFOX co-founder George Melika said that the idea is to use ...
SFOX Executes and Clears First-Ever Multi-Dealer Crypto NDF Contract
SFOX, a California-based crypto prime dealer, announced today that it has executed a crypto non-deliverable forward (NDF) as a bilateral transaction. The firm disclosed about this achievement after it...