cryptocurrencies (2)

10220067257?profile=RESIZE_400xRemember the joke line, “We are from the government and we are here to help you?”  The recent news from the White House is an indication of more regulation, disclosures, reporting to tax agencies, and taxes are ahead for cryptocurrency users.

President Joe Biden announced a new approach to oversight of cryptocurrencies to support innovation and protect consumers.  The White House has unveiled a new executive order for the nation's plan to establish a framework to both develop opportunities and m

8872398281?profile=RESIZE_400xAs more web merchants accept cryptocurrencies, the possibilities for theft and fraud will increase.  There will no protections that consumers and businesses have enjoyed that are standard for purchases via credit card.  Hackers with apparent ties to North Korea that hit e-commerce shops in 2019 and 2020 to steal payment card data also tested functionality for stealing cryptocurrency, according to the cybersecurity firm Group-IB.  Group-IB's new report builds on findings published in July 2020 by