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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Altcoin1998$ on September 04, 2022, 09:10:25 PM

Title: Can the government track Bitcoin?
Post by: Altcoin1998$ on September 04, 2022, 09:10:25 PM

Individuals may wonder whether centralized cryptocurrency exchanges actively report to the IRS. Centralized exchanges do issue tax forms to the IRS. Likewise, the IRS has issued so-called John Doe Summons to exchanges, including Coinbase, to request people’s information and catch those who try to cheat on their tax obligations.

But, such summonses are not the only law enforcement tool that the IRS uses on its quest to enforce Bitcoin taxes. Form 1040, for instance, specifically asks U.S. taxpayers whether they transacted with cryptocurrencies such as Bitcoin.
read more (https://cointelegraph.com/explained/can-the-government-track-bitcoin)

Title: Re: Can the government track Bitcoin?
Post by: Power420 on September 05, 2022, 07:41:22 AM

The parent company of Latin American exchange Mercado Bitcoin, 2TM, has announced a second round of layoffs as companies continue cutting back amid crypto winter.

According to Bitcoin Portal, a Brazilian cryptocurrency publication also owned by 2TM, the company let go of 15% of its employees due to continued "adversity in the economy." The publication stated that it “regrets the loss of colleagues.”