Better regulation needed to stop crypto tax evaders from running wild

Antivirus software pioneer John McAfee, the founder of McAfee Associates — the company that released the first commercial antivirus software, McAfee VirusScan, in the late 1980s, contributing to the birth of multibillion-dollar industry — was indicted on five counts of tax evasion and five counts of

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Open sesame: Will ‘cracking’ Monero reveal treasure or fool’s gold?

Recently, the United States Internal Revenue Service caused a stir in the crypto community when it put a bounty on the head of anonymity-focused crypto-asset Monero (XMR), offering $625,000 to anyone who could effectively track the purportedly untraceable asset.

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Cashless future ahead? Utopian digital dream with dystopian inequality

In Sweden, cash in circulation represents only 1% of the country’s gross domestic product, and some experts predict the nation will go “totally cashless” by 2023. In China’s largest cities, over 90% of people use WeChat Pay and Alipay as their primary payment method, with cash a distant second.

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Law Decoded: Governments vs. blockchain privacy, Sept. 4-11

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. 
Editor’s note
One of the most persistent myths about Bitcoin is its supposed anonymity. More properly termed pseudonymity, BTC wallets are permanently tied to their public keys.

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The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

The United States Internal Revenue Services (IRS) has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins like Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network.

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IRS doubles down, investing another quarter million dollars into tracking crypto transactions

On Sept. 8, the IRS’s criminal investigation department signed a $249,900 contract with a blockchain analytics firm to expand its crypto tracing tools. 
The contract provides limited information, but it follows an overarching trend of the IRS stepping up its game when it comes to crypto.

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