Cryptocurrency Market Anticipate Reaching USD 1,758.0M by 2027

The worldwide cryptocurrency market size is expected to reach USD 1,758.0 million by 2027, demonstrating a CAGR of 11.2% during the projected time frame. Cryptocurrency is a system of virtual currency exchange that is intended to reduce financial intermediaries. The impacts of the COVID-19 pandemic have been felt all around the globe. Like every other […]

US Federal Court Orders IRS to Identify Taxpayers who Have Used Cryptocurrency

The US Federal Court has provided the official consent to Internal Revenue Service (IRS) to perform “John Doe Summons” on the US-based cryptocurrency exchange and bank, Kraken. A John Doe Summons is an IRS summons approved by Internal Revenue Code Section 7609(f). In contrast to other IRS orders, it does not enumerate the name of […]