IRS Reveals Preliminary Tax Reporting Form For Digital Assets
The US Internal Revenue Service (IRS) has unveiled the early draft of a tax form for reporting income from cryptocurrency transactions. The newly released Form 1099-DA, tagged as “Digital Asset Proceeds from Broker Transactions,” is currently open to comments from relevant stakeholders in anticipation of its final version by the IRS. Related Reading: Breathe Easy, […]
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Grayscale Investments now has three SEC reporting funds, with the newest addition being the Digital Large Cap Fund. The company has also filed to make three other funds SEC reporting companies. Grayscale Investments, the world’s largest crypto asset manager, made two announcements Monday. The first was that the registration statement on Form 10 filed with the U.S. Securities and Exchange Commission (SEC) for the Digital Large Cap Fund (OTCQX: GDLC) has become effective. The fund is, therefore, an SEC reporting company, the company confirmed, elaborating: The fund is....
The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part to digital asset investments becoming more common. The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, has proposed requiring large advisers to certain hedge funds to report any exposure to digital assets.In a Wednesday notice, the SEC and CFTC proposed amending their confidential reporting form for certain investment advisers to private funds of at least $500 million. The Form PR would require....
Grayscale Investments has filed to make its $630-million diversified large-cap crypto fund an SEC reporting company. Grayscale has filed its third Form 10 with the United States Securities and Exchange Commission to convert one of its investment funds into an SEC-reporting company.Tweeting on Thursday, Grayscale announced that the company’s Digital Large Cap Fund, or GDLC, has filed the application with the SEC.Today we voluntarily filed for Form 10 with the SEC for $GDLC. If effective, it would designate GDLC as Grayscale’s third digital currency investment vehicle to become an SEC....
Digital asset manager Grayscale has disclosed a major milestone, it has become a U.S. Securities and Exchange Commission (SEC) reporting company. Many across the crypto industry are celebrating the achievement and speculate on the implication for Bitcoin and other cryptocurrencies that comprised the company’s products. Grayscale filed a Registration Statement on Form 10 for its […]
Grayscale Investments says the registration statement on Form 10 that it filed with the U.S. Securities and Exchange Commission (SEC) on behalf of the Ethereum Trust has become effective. This means Ethereum Trust is now an official SEC reporting company and the second digital currency investment product to achieve the milestone. Grayscale’s BTC Trust (GBTC) is the first investment product to attain the status after its filing became effective on January 21 of 2020. An organization becomes a SEC reporting company or public company upon “registration pursuant to Section 12(g)....