What happens if you don’t pay taxes on your crypto holdings?

Skipping crypto taxes can trigger hefty fines and legal issues. Find out what really happens if you fail to report or pay taxes on your holdings. Tax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events. Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to track transactions, even across borders and privacy coins. Authorities use blockchain analytics firms like Chainalysis to link wallet addresses with real identities, tracking even complex DeFi and cross-chain transactions. Read more.

Western Union Plans Stablecoin Pilot Program for Cross-Border Transfers

TLDR Western Union will pilot a stablecoin-based settlement system for its 150 million customers to reduce reliance on traditional banking systems CEO Devin McGranahan says the pilot aims to move money faster with greater transparency and lower costs while maintaining compliance The company changed its stance on crypto after passage of the GENIUS Act, which [.] The post Western Union Plans Stablecoin Pilot Program for Cross-Border Transfers appeared first on CoinCentral.

Packers’ Tucker Kraft caps National Tight End day with 2 TDs vs. Steelers

Green Bay Packers tight end Tucker Kraft put on a career-best performance on National Tight End Day, catching seven passes for 143 yards and two touchdowns in a 35-25 road win, beating the Pittsburgh Steelers on Sunday at Acrisure Stadium. Kraft’s 131 yards after the catch ranked the third-most in a game by a tight [.] The post Packers’ Tucker Kraft caps National Tight End day with 2 TDs vs. Steelers appeared first on ClutchPoints.

Japan sees launch of its first yen-backed stablecoin JPYC

JPYC President Noriyoshi Okabe said that the stablecoin has already garnered interest from seven companies that are looking to incorporate it into their services. Tokyo-based fintech firm JPYC has launched Japan’s first yen-backed stablecoin along with a platform to issue the new coin, amid a growing global race to corner the growing market. The Japanese yen stablecoin JPYC went live on Monday and is backed one-to-one by bank deposits and government bonds, and also has a 1: 1 exchange rate with the yen, the company said on Friday. At a press conference in Tokyo, JPYC President Noriyoshi Okabe said the stablecoin from his company is a “major milestone in the history of Japanese currency,” and has also attracted interest from seven companies planning to incorporate it, according to a report from Business Insider Japan. Read more.

Javier Milei’s crypto-friendly party wins Argentine midterm

Argentina’s La Libertad Avanza party, led by President Javier Milei, has won the midterms, positioning Milei as the frontrunner for the 2027 elections. Argentine President Javier Milei’s crypto-friendly party has won the midterm election, positioning him as a leading contender for the October 2027 presidential race and bolstering his continued push for free-market policies. Milei’s La Libertad Avanza party obtained 40. 68% of nearly 99% of votes counted to secure the victory over the Peronist party, according to local news outlet La Nacion. That included a win in the Buenos Aires province, which has historically favored the Peronist party. The results flip the script from September, when Milei’s party lost the Buenos Aires provincial election to the Peronist party in a lopsided outcome. Perhaps the most notable development since then has been Argentina’s $20 billion currency swap with the US strengthening economic ties with one of its biggest allies despite domestic uncertainty. Read more.

Sitemap Index