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Bitcoins are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAug 25 (Reuters) - Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed U.S. Treasury Department rule published on Friday.The rule is part of a broader push by Congress and regulatory authorities to crack down on crypto users who may be failing to pay their taxes.A proposed new tax reporting form called Form...

Aug 23 (Reuters) - The United States on Wednesday indicted Roman Semenov and Roman Storm, two co-founders of the virtual currency mixer Tornado Cash, for their involvement with the banned outfit and related laundering of up to $1 billion in criminal proceeds.Storm, a naturalized U.S. citizen who lives in Washington state, was arrested on Wednesday, while Semenov - a Russian national - is yet to be taken into custody, the U.S. Attorney's Office in New York said in a statement.The criminal charges against both men, which include conspiracy to commit...

A representation of cryptocurrency Bitcoin is placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Aug 18 (Reuters) - Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment swept through world markets.On Thursday, bitcoin fell 7.2% in its biggest one-day drop since November 2022 when top exchange FTX collapsed.It then slipped to a two-month low of $26,172 during Asian trading hours on Friday, its lowest since...

The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsLONDON, Aug 16 (Reuters) - Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions.Britain's financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto firms to carry warnings about the risk and scrapping "refer a friend" bonuses.PayPal will "temporarily pause"...