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⚡️IRS Expects To Seize Billions Of Crypto In 2022

The agency seized $3.5 billion of crypto from criminals this year.

Hey Blockster, Recently, the Internal Revenue Service was featured in the headlines of cryptocurrency magazines as the infrastructure package was signed into law. As part of the law, US-based digital asset service providers like exchanges and trading platforms have new reporting requirements to the IRS. However, as lawmakers have introduced a bipartisan bill, there is a chance that these requirements can be loosened in the near future. And today, we have a bit different story about the IRS and crypto. According to the agency's annual report, it retrieved $3.5 billion of cryptocurrency from criminals during the fiscal year of 2021, representing 93% of all the assets seized by the Internal Revenue Service throughout the year. Interestingly, IRS Criminal Investigation Chief Jim Lee expects this trend to continue in 2022, projecting that the agency will continue to seize billions of cryptocurrencies by the end of the next year. To learn the details of the story, check out this article on Blockdesk. Are you ready for more cryptocurrency stories? If your answer is a "yes," then feel free to check the articles below that we have collected for you right from Blockdesk: In Its 20th Edition, SCOPE Miami Beach Partners With Blockster – Blockster just struck yet another partnership with a prominent conference. Taking place on November 30, SCOPE Miami Beach is among the most influential emerging art event, where Blockster will be present as an official partner. 4 Crypto Trading Risks And Mistakes To Avoid – While it may seem an easy task to get rich quick by trading cryptocurrency, you need to learn the ropes, gain experience and knowledge, and practice a lot to be a successful digital asset trader. And, it also helps to avoid making these four common mistakes we have explored in this article. Estonia Sets Stricter Regulation On Crypto – Is This Good Or Bad? – Estonia is set to introduce stricter regulations around cryptocurrencies that are mostly related to the government's advances to crack down on money laundering. But should we welcome or fear this move? Can Dogecoin Really Reach $1? Maxis Say Yes, Experts Say No Way – Starting out solely as a fun project, Dogecoin (DOGE) has gone a long way as it became listed among the top ten cryptocurrencies by market capitalization. As celebrities and entrepreneurs like Elon Musk continue to praise the digital asset, does it have the potential to reach $1? Hope you enjoyed the crypto stories we have collected for you this week. Be sure to check your inbox on Monday, as we will come back with our latest batch of Blockdesk articles. Enjoy your weekend! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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