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Moonday Mornings: The US is suing a cryptocurrency exchange owner to the tune of $100M

Monday, July 29, 2019 by Piyush Suthar | Comments

Home News Tech Moonday Mornings: The US is suing a cryptocurrency exchange owner to the tune of $100M

Good morning, and welcome to Moonday Mornings. Let’s take a look at the cryptocurrency and blockchain headlines from over the weekend. 1. The US Internal Revenue Service (IRS) is going after digital asset traders and has begun sending them letters asking that they report their cryptocurrency holdings and pay their taxes, Coindesk reports. The IRS said the individuals targeted with the letters were identified “through various ongoing IRS compliance efforts.” Hide your Bitcoin people! 2. According to Gulfnews, the US is suing and seeking extradition of the Russian owner of a cryptocurrency exchange for violating the Bank Secrecy Act, and…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


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