46 posts
The envelope arrived on my desk with the kind of bureaucratic understatement that only the Internal Revenue Service can achieve—a single-page notice, dense with regulatory language, announcing what might be the most significant operational change in digital-asset tax compliance s
The envelope arrived in January with the understated urgency that government documents carry. Inside was my first Form 1099-DA from the exchange where I had sold some Bitcoin the previous year. The form listed gross proceeds, cost basis, and the gain I would
OCC Confirms Banks May Conduct Riskless Principal Crypto-Asset Transactions The Office of the Comptroller of the Currency (OCC) issued guidance last week that clarifies an important question for banks navigating the crypto landscape: Can national banks act as principals in crypto
OCC Clarifies Banks May Hold Crypto Assets to Pay Blockchain Network Fees The Office of the Comptroller of the Currency (OCC) issued new guidance this week that resolves a lingering operational question for banks in the crypto space: Can national banks hold crypto-assets specific
FDIC Issues New Guidance: Banks May Now Engage in Crypto Without Prior Approval FDIC Issues New Guidance: Banks May Now Engage in Crypto Without Prior Approval The FDIC's quiet revolution began not with a press conference, but with a Financial Institution Letter that landed on ba
Federal Reserve and FDIC Withdraw Restrictive Crypto Guidance: What This Means for Bitcoin Banking In a significant shift for the American banking landscape, the Federal Reserve and FDIC jointly announced the withdrawal of prior restrictive guidance on crypto-asset activities. Th
