The firm behind the world’s leading stablecoin, Tether, is facing more regulatory pressure this week with U.S. financial watchdogs scrutinizing the composition of its reserves.Read more
There will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s general counsel.
An audit for the world’s third-largest digital asset has been awaited for several years and increased regulatory pressure appears to have accelerated the process.
The leading U.S. tax regulator informed crypto traders about misreporting of taxes for year 2018.
For many, this has led to cumbersome tax audits or hundreds of thousands of dollars in taxes.
The discrepancy is caused by 1099-K Form used by crypto exchanges.