Bitcoin24h $66,983.63+0.37%

Ethereum24h $2,029.56+1.12%

BNB24h $615.01+0.28%

XRP24h $1.35+0.74%

Solana24h $83.19+0.52%

TRON24h $0.3224+2.16%

Dogecoin24h $0.0922+1.24%

Hyperliquid24h $38.42-3.37%

Bitcoin Cash24h $456.63-5.58%

UNUS SED LEO24h $9.68+0.82%

Tons of tax docs awaiting Visa card issuers settling in USDC

Any US bank or fintech company that receives USDC instead of dollars will need to file timestamped records of every transaction.

No, the IRS is not forcing you to list all your crypto wallets

A photograph of a tax form fooled thousands of people on social media into thinking the IRS is demanding a list of everyone’s crypto wallets.

Major changes to IRS cost basis reporting requirements for crypto purchases are going into effect on January 1, 2026.

Silk Road founder Ross Ulbricht received millions of dollars in crypto and could owe a substantial amount in gift taxes to the IRS.

From January, UK crypto firms will hand HMRC names, dates of birth, addresses, countries of residence, and National Insurance Numbers.