In a new statement, the IRS confirms it will continue to focus on cryptocurrency activities. Particularly those individuals and companies operating Bitcoin ATMs and Kiosks may see some intervention pretty soon.  As the IRS continues to target cryptocurrency users, they are doing so in a deliberate manner. Bitcoin ATMs may Facilitate Tax Evasion First, they want after traders of Bitcoin and altcoins who might not have reported their taxes properly. …
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In the world of cryptocurrency, controversy is not all that difficult to come by. This is especially true when it comes to exchanges and trading platforms which share client information with the government. After the recent Coinbase-IRS debacle, it now seems Bitfinex is handing over a lot of customer information to the authorities as well. Bitfinex Stirs the pot While there are good reasons for a cryptocurrency exchange to be in active talks with a government, developments …
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Just when things are looking up for Bitcoin and cryptocurrency in Russia, bad news arrives. In the first-ever criminal case in Russia related to the sale of bitcoins, three men have been arrested for generating US$9 million worth of Bitcoin sales over the past few years.  Illegal Bitcoin Sales in Russia Although buying and selling Bitcoin in Russia is not illegal, it can still lead to scrutiny by law enforcement officials. …
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