cryptocurrency Security Taxes 
PYMNTS
FEBRUARY 10, 2019
Securities and Exchange Commission (SEC) believes one will eventually win approval. In other news, New Hampshire is considering a law that would allow residents to pay their taxes with cryptocurrency. CoinDesk reported that NH House Bill 470 would allow state agencies to accept digital currency for tax payments.
PYMNTS
JANUARY 4, 2019
A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports. Cryptocurrency, however, is more than just an asset that stores value.
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Perficient
JUNE 30, 2022
Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. As stated by FTX founder Sam Bankman-Fried, “The proactive stance taken by The Bahamas and its regulatory bodies on cryptocurrencies” was a primary motivator for the move.” The Pros and Cons of a Potential U.S.
PYMNTS
JULY 16, 2019
Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.
PYMNTS
FEBRUARY 26, 2019
When the state of Ohio partnered with cryptocurrency company BitPay last year, it meant the state would become the first in the U.S. to allow businesses to pay their corporate taxes in bitcoin. Ohio’s effort signaled a renewed push for corporate adoption of cryptocurrency.
PYMNTS
JULY 13, 2020
South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies. Lawmakers’ discussions established that the virtual assets can be construed as electronic certificates of economic value.
Abrigo
FEBRUARY 28, 2025
Phishing scams Phishing scams involve fraudsters impersonating legitimate entitiessuch as banks, government agencies, well-known companies, or business contactsto trick individuals into providing sensitive information like login credentials, Social Security numbers, or financial details. Start or enhance a customer fraud prevention plan.
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