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Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...
Digital Asset Investors Should Report Crypto Staking Rewards as Taxable Income: IRS
1.8.2023
The US Internal Revenue Service (IRS) has outlined the latest tax guidance that classifies earnings from crypto staking as taxable income.
Per the Revenue Ruling of 2023-14, issued Monday by the IRS, crypto investors must report rewards earned from staking digital assets as gross income, in...
Crypto staking rewards are taxable once received: IRS
1.8.2023
The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain "dominion" over the tokens
IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens
31.7.2023
A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue Service (IRS)
BTC20 Emerges as Eco-Friendly Alternative Amidst 1Inch Network's Price Drop
20.7.2023
After staging a rally that saw 1INCH reach a multi-month high of $0.5935 on July 17, it is now experiencing a drastic pullback to the current level of $0.3274, representing a 44.84% decrease from its recent peak. What's next for 1INCH and can it reestablish its bullish momentum?...
Read More: BTC20...
Canadian regulator explains stance on crypto staking, lending for investment funds
7.7.2023
Staking is still allowed, while the lending opportunities are limited and the proportion of "illiquid" assets is restricted
Northstake Raises $3M to Boost Institutional Crypto Staking
22.6.2023
The 2.8 million-euro fundraise comes from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund
SEC crackdown on crypto staking in the US could boost decentralization
2.5.2023
Recent regulatory actions have crypto staking providers in the United States on edge
Lido’s LDO Token Sinks 10% Following Rumors Crypto Staking Service Received SEC Notice
5.3.2023
Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service
South Korean Regulator Is Probing Crypto Staking Services
24.2.2023
A top South Korean financial regulator has launched a probe into domestic crypto staking services. And crypto exchanges are concerned this means new staking-related regulations could be incoming.
The media outlet News1 reported that the Financial Supervisory Service (FSS) has “recently requested”...
Kraken’s Head of OTC Options Trading: Investors Are Still Interested In Crypto, Staking
23.2.2023
Juthica Chou says there is still strong trading interest, despite the SEC’s crackdown on the exchange’s staking-as-a-service platform
South Korea to examine crypto staking services following the Kraken case
15.2.2023
No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country
Why the SEC wants to ban crypto staking and stablecoins under scrutiny — Watch The Market Report live
14.2.2023
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the details of the SEC’s ban on crypto staking and whether stablecoins are securities
Regulation comes for crypto staking: Law Decoded, Feb. 6–13
13.2.2023
Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program
SEC's crypto staking crackdown has uncertain consequences for DeFi: Lido Finance
13.2.2023
A Lido DAO member raised concerns over what impact the SEC’s crackdowns on staking could mean for the future of DeFi in the U.S
What Does Kraken's SEC Settlement Mean for Crypto Staking?
10.2.2023
Kraken had a pretty lousy day, but the industry is more interested in what this means for staking
‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions
10.2.2023
On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered offering” related to its U.S. staking service....
Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program
10.2.2023
The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service. Kraken’s CEO Responds to SEC Action Kraken...
SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce
10.2.2023
The U.S. Securities and Exchange Commission did not attempt to consult with the crypto industry before this launching this week’s unregistered securities crackdown on staking-as-a-service, Commissioner Hester Peirce said Friday
Ethereum price risks 20% correction amid SEC's crackdown on crypto staking
10.2.2023
Ethereum may experience a drop in user activity alongside ETH price with crypto staking in the crosshairs of the SEC