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virsentual.com

Cryptocurrency and Taxes: Gains & Losses

In the realm of digital finance, cryptocurrencies have surged from being an obscure and niche investment to becoming a significant part of the global financial ecosystem. Yet, as with most nascent technologies, regulatory clarity has been slow to catch up. One of the key areas still shrouded in question is

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Blog
virsentual.com

Beneficial Ownership Information (BOI) Reporting Requirements Beginning January 1, 2024.

The Corporate Transparency Act (CTA) has introduced a significant reporting requirement in the corporate landscape. Effective January 1, 2024, companies are now mandated to disclose their beneficial ownership information, fostering transparency and accountability by providing authorities with crucial insights into the individuals or entities exerting substantial control over the organization.

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