With tax season almost here, tax preparation service H&R Block is advising its customers to accurately report their crypto dealings when they file their returns. As Yahoo Finance reports, those customers should be aware that the IRS is explicitly asking about crypto asset activities for the first time.
Alleged Bitcoin fraudster Alexander Vinnik’s attempt to annul a recent extradition order has failed, according to the Greek Reporter. The Greek Council of State has ruled that Minister of Justice Constantinos Tsiaras had the authority and discretion to order Vinnik’s extradition to France.
A recent HSB survey of small and medium-sized enterprises across the United States found that 36 percent of those businesses now accept cryptocurrency payments for their goods and services. In a press release, HSB also confirmed that 59 percent of respondent companies said that they’ve even purchased cryptocurrency.
Bank of England deputy governor Sir John Cunliffe will reportedly co-chair a central bank working group created to explore the potential benefits and risks of central bank digital currencies, The Guardian reports. The group’s efforts are the latest in a series of responses to Facebook’s proposed Libra cryptocurrency project from officials across the globe.
The UK has opened a new contract seeking proposals for a software tool that can track Bitcoin and other major cryptocurrencies that might be used for illicit purposes. According to a report from The Next Web, HM Revenue and Customs plans to prioritize bids from developers who offer tools that can also track the use of Dash, Zcash, and Monero.