What triggers broker-dealer registration?
Could you elaborate on the circumstances that prompt a broker-dealer to seek registration? Are there specific thresholds or actions that necessitate this process? How does the regulatory body determine when registration becomes mandatory? Does the scope of a broker-dealer's activities factor into the decision-making process? Is there a timeline for compliance or penalties for failing to register in a timely manner?
What triggers crypto bull runs?
What exactly sets off those impressive rallies we see in the cryptocurrency market, commonly referred to as bull runs? Are they sparked by a single event, such as a major announcement or technological breakthrough? Or do they result from a combination of factors, like increased institutional adoption, positive regulatory news, and growing market sentiment? Understanding the triggers behind these bullish periods is crucial for investors looking to navigate the volatile and unpredictable world of cryptocurrencies.
What triggers IRS audit crypto?
Could you please elaborate on the factors that typically prompt the Internal Revenue Service (IRS) to initiate an audit specifically related to cryptocurrency transactions? Are there any common red flags or patterns of behavior that taxpayers should be aware of to avoid triggering such an audit? Additionally, how does the IRS monitor and track cryptocurrency transactions, and what kind of information do they typically request during an audit process?