“If you give crypto to a friend or family member — to anyone really — ask how much it is worth. If the gift is worth more than $15,000, it requires you to file a gift tax return,” explains Wood.
Russian State Duma Almost Unanimously Approves First Reading of Crypto Industry Bill
Russian laws determining cryptocurrency to be digital property have passed their first parliamentary reading, with just one deputy voting against them.
70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes
Forty regulators in the US and Canada are reportedly collaborating in the largest coordinated crackdown on cryptocurrency scams to date by state and provincial officials. The operation has triggered over 70 investigations so far, with 35 cases completed or pending.
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