NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

IRS Investigations into Cryptocurrency Holders, a Positive Sign

NewsBTC
NewsBTC
7 years ago
3 mins read
saifu

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Beneficial Impact of Regulatory Scrutiny on Cryptocurrencies.

There has been a crypto gold rush going on and the authorities have taken note. The IRS considers crypto to be an asset and thus should be taxed. Accordingly, it has taken measures to track all crypto holders, which has got many people concerned. However, the IRS actions can actually have a positive effect on cryptocurrencies.

Recently, the IRS ordered Coinbase, one of the biggest exchanges in the US, to furnish it with data on all users trading $20,000 or more. These actions on the government organization’s part have brought Bitcoin and other cryptocurrencies out of the shadows.

For a long time, there has been a misconception that digital currency is mainly used by thugs and rogue states, which has caused some people to shun crypto, out of fear of being entangled in a criminal enterprise.

However, the fact that the IRS is taking a closer look at crypto could help do away with this notion. The scrutiny from authorities will also make people think twice before they embark on using cryptocurrencies for illegal activities. These factors will, in turn, portray digital currencies in a new light and make dealing in cryptocurrencies a government-approved alternative.

For some time now, the IRS has been working with companies that deal with cryptocurrencies to keep an eye on transactions happening on the network. So far, they have been able to track 4% of all wallets to genuine holders. But with legitimate and compliant platforms, these issues would be a thing of the past. Platforms like Saifu are leading the wave to legitimize cryptocurrency usage by offering an easy-to-use solution that’s on par with any banking or mainstream financial platform available today.

About Saifu

Saifu provides customers with a platform that is welcoming to those who are used to the fiat currency system. In fact, the services Saifu offers are similar to those of traditional online banking platforms, and also include cryptocurrencies. However, there are also many other crypto-based companies that offer crypto trading services. So, what makes Saifu different?

Saifu stands out as a licensed payment institution that includes the full range of fiat and crypto services that any modern traditional bank only provides for fiat. This means that while other crypto companies can offer crypto transactions and storage, only Saifu connect to the traditional financial world on its own. Other companies rely on the financial licenses of partners and have little control over how the transactions are processed.

Saifu has developed its own accounting practices for cryptocurrencies and these have been approved by regulators. This means that when transactions are made with crypto or fiat, Saifu customers don’t have to wait or go through tedious approval processes to get their crypto to fiat or use it in everyday transactions.

As part of its integration with the traditional financial world, Saifu offers customers with the ability to make wire transfers, transfers to and from external wallets, provides customers with Saifu cards for PoS and ATMs, and allows transfers to and from external accounts through card transactions. All of this is offered alongside exchange services at the best market rates between fiat and cryptocurrencies. This integration may seem natural, but it’s more complicated than most think, which is the reason Saifu currently has no competitors that can offer all of those services for both fiat and crypto.

Additionally, Saifu provides market-leading security that was developed in partnership with Thales, the leader in fiat currency cybersecurity for banks. The technology developed by Saifu brings bank-grade security to the cryptocurrency world. The technology is superior to competitors in the cryptocurrency world because it’s designed to keep customers cryptocurrency safe even in the event of a hacking, which will happen to any crypto service once it gets big enough. The Saifu security system is also unique in that it also allows for full functionality of cryptocurrency use, which hot and cold vaults, an inferior security solution, are unable to do because they are not designed to keep customers keys separately.

Find out more about Saifu at – https://saifu.ai/

What do you think about the Saifu platform? Leave us your thoughts in the comments section below.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Comments 1

  1. disqus_BITKhidsuI says:
    7 years ago

    Is it going to be like Coinbase, in the sense you can buy Crypto’s w/fiat? Or only sell crypto’s for fiat?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. disqus_BITKhidsuI says:
    7 years ago

    Is it going to be like Coinbase, in the sense you can buy Crypto’s w/fiat? Or only sell crypto’s for fiat?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Why Smart Crypto Money is Backing SpacePay's $1.1M Presale Run

Why Smart Crypto Money is Backing SpacePay’s $1.1M Presale Run

SpacePay’s presale has surged past the $1.1 million mark as investors recognize the potential in crypto payment solutions. The SPY...

ericdunne519 1 week ago
青色のプレゼントボックスの上にあるBTC

Bitunixボーナスキャンペーン開催中|最大710ドルの獲得手順

世界中のトレーダーに選ばれている暗号資産(仮想通貨)取引所 Bitunix が、新規ユーザー向けに最大710 USDT相当が獲得できる特別キャンペーンを実施しています。 期間は2025年3月18日から...

rinsuzuki 1 week ago
Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

Cryptocurrency has been around for years, but most people still can’t use it to buy their morning coffee. That’s starting...

ericdunne519 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

SpacePay (SPY) Token Presale

SpacePay (SPY) Token Presale: Could This Be the Key to Real-World Crypto Payment Adoption?

ericdunne519 8 hours ago
Unlock SPY Potential

SpacePay: Where Dogecoin and XRP Meet Real-World Payments

ericdunne519 1 day ago
Presale Opportunity: The SPY Token Advantage: What Makes SpacePay Crypto Unique?

Presale Opportunity: The SPY Token Advantage: What Makes SpacePay Crypto Unique?

ericdunne519 4 days ago

Premium Sponsors

Press Releases

  • e 3 coiny poniżej 1 dolara mogą zamienić 200 dolarów w...

    4 hours ago
  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    10 hours ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    10 hours ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    11 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    11 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.