Month: February 2025

US lawmakers in the House of Representatives have advanced a resolution to repeal the “DeFi broker rule,” requiring brokers to report digital asset transactions to the Internal Revenue Service. Set to take effect in 2027, the IRS regulation approved on Dec. 5 would expand existing reporting requirements to include decentralized exchanges and require brokers to
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The US Federal Bureau of Investigation has urged crypto node operators, exchanges and the private sector to block transactions from addresses used to launder funds from the $1.4 billion Bybit hack. The FBI confirmed earlier industry investigation that North Korea was responsible for the hack, which the US law enforcement agency dubbed as “TraderTraitor” in
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