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South Africa To Crack Down on Crypto Tax Evasion in the Country

South Africa is looking at cracking down on crypto tax evaders in the country in its latest bid to tighten compliance in the industry The post South Africa To Crack Down on Crypto Tax Evasion in the Country appeared first on TheCoinrise.com . Crypto Potato

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US Regulators Received $19 Billion From Crypto Companies in 2024

United States regulators have secured over $19 billion in lawsuit settlements from cryptocurrency companies in 2024, representing nearly two-thirds of all settlements to date. An October 9 report from CoinGecko revealed that the bankrupt crypto exchange FTX and its affiliated trading firm Alameda accounted for the majority of these settlements, paying $12.7 billion to the Commodity Futures Trading Commission (CFTC) in an August agreement. Across eight settlements in 2024, regulators collected 78% more than in 2023, when $10.87 billion was paid. This marks a staggering 8,327% increase in settlement values compared to 2022. The past two years have seen more Crypto Potato