Tax crimes involving cryptocurrency are on the rise, according to IRS criminal investigation chief Guy Ficco. Ficco highlighted a surge in what he referred to as “pure crypto tax crimes” falling under Title 26 of the US Code, which deals with federal income tax violations. These crimes include failure to report income from crypto sales
Regulation
The recent issuance of a Wells notice by the US SEC to Uniswap Labs has raised concerns within the crypto community. Hayden Adams, the founder of Uniswap, expressed his feelings about the SEC’s warning on social media. While Adams seemed unfazed by the notice, stating, “I’m not surprised. Just annoyed, disappointed, and ready to fight,”
The European Securities and Markets Authority (ESMA) recently issued a warning about the high level of concentration in the crypto markets. According to ESMA, this concentration poses a significant risk to the overall stability of the market. The agency highlighted the fact that a failure of a single asset or exchange could have far-reaching consequences
