article thumbnail

Bitcoin Daily: IRS Eyes Hiring Contractors To Help With Crypto Taxes; Phemex Exchange To Launch Subscriptions Instead Of Charging Per Trade

PYMNTS

” The services that the agency is requesting, per a document posted on the site, include “data ingestion and staging” as well as “error resolution and report revision” and “meeting participation and trial assistance,” among other work.

IRS 52
article thumbnail

California Adopts Digital Financial Assets Law

Global Fintech & Digital Assets

Also exempt are activities related to in-game tokens that cannot be exchanged for legal tender outside of the relevant game, cryptocurrency mining, and rewards points. The DFAL also does not apply to persons or entities not receiving compensation for their digital asset activities or with annual business activity of $50,000 or less.

Laws 52
article thumbnail

An Overview of Payment Regulation In The USA

Clearly Payments

It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions. It covers disclosures, error resolution procedures, and limitations on consumer liability for unauthorized transfers.