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Client's $1.55 Million Crypto Tax Exposure Reduced to $148,000 in IRS Audit

Client's $1.55 Million Crypto Tax Exposure Reduced to $148,000 in IRS Audit

Jul 8, 2026

A cryptocurrency investor facing an estimated $1.55 million tax liability from an IRS audit saw their exposure reduced to approximately $148,000. The resolution came after tax firms reconstructed blockchain data to prove that disputed transactions were non-taxable transfers between the client's own wallets.

Utorg Secures MiCA License as New EU Crypto Regulations Take Effect

Utorg Secures MiCA License as New EU Crypto Regulations Take Effect

Jul 8, 2026

Crypto platform Utorg has received full authorization under the EU's Markets in Crypto-Assets (MiCA) regulation. The license comes as the July 1 deadline forces many unauthorized crypto service providers to exit or restrict operations in the European market.