Cryptocurrency is becoming more popular and influential every day. However, even with more investors taking a chance on new cryptocurrencies such as Ethereum, Bitcoin, and Ripple, many are still confused about how they should treat their assets for federal income tax purposes. The IRS only issued guidance on this topic in 2014. What is clear is that cryptocurrencies are treated as capital assets as long as they are not converted into cash. This means that the capital gains regulations are
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OKEx, one of the world’s largest spot and futures digital asset exchanges, today announced an initiative to create a Self-Regulated Organization (SRO) aimed at standardizing exchange practices and policies. Similar to the World Federation of Stock Exchanges, FINRA in the United States, and the World Economic Forum, OKEx is engaging exchanges and market participants in the global crypto-trading community to become members of this initiative.
The initiative was announced in Malta at the DELTA Summit by Enzo Villani, a … Continue Reading