memo

U.S. Internal Revenue Service inks deal with Coinbase for blockchain analytics software

IRS memo: Cryptocurrency earned from a microtasking job is taxable income

An Internal Revenue Service memo written in late June and published on August 28 states that cryptocurrency earned from microtasks conducted on crowdsourcing platforms is considered taxable income. The memo was written in response to a query from the U.S. agency’s Small Business/Self Employed Division. While the document itself focuses on what may ultimately constitute …

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Blockchain voting mulled in Senate memo as COVID-19 disrupts how Congress operates

Blockchain voting mulled in Senate memo as COVID-19 disrupts how Congress operates

The COVID-19 pandemic has disrupted the U.S. Congress’s ability to meet and deliberate – a state of affairs that has forced a rethinking of how America’s national legislature operates in a time of crisis. And according to a Senate memo dated April 30 and obtained by The Block, blockchain-based voting could be part of the solution. …

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