A businessman who claimed to operate a high-end concierge service featuring custom credit cards crafted from solid gold was actually operating an illegal private bank that provided discreet financial services to high-net-worth customers, prosecutors said.

The typically hyper-volatile Bitcoin hasn’t been so choppy of late at all.

Gulf Binance, a joint venture between Binance and Gulf Innova, has received digital asset operator licenses from Thailand’s Ministry of Finance for a digital asset platform, according to a statement from Binance.

Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter. The details agreed to are tentative and a final accord is still not in hand. Plus, the two sides have yet to agree on the amount of the cap.

European financial firms catering to crypto companies are competing for top compliance staff as they manage a wave of demand following the collapse of US heavyweights Silvergate Capital Corp and Signature Bank.

The cryptocurrency sector could be the subject of new regulation in California, and industry lobbyists are pushing back to ensure their businesses can still operate under new proposed scrutiny.

White House and Republican negotiators reached a tentative deal late Saturday to raise the US debt ceiling and avert a default that threatened to send tremors through the global economy.

House Speaker Kevin McCarthy said negotiators still must resolve remaining issues in a deal to avert a catastrophic US debt default, but he believes negotiators can meet a June 5 deadline.

White House and Republican negotiators tentatively narrowed differences but were still clashing Friday on key issues as the Treasury Department signaled extra time was available before a potential US default.

Treasury Department’s latest estimate that it will run out of funding by June 5 underscores “the urgent need for Congress to act swiftly to prevent default,” National Economic Council Director Lael Brainard says in a statement.

President Joe Biden said that he was hopeful negotiators on a debt ceiling agreement would know by Friday night whether they have a deal.

An emerging debt-limit deal could be a small step toward Republicans achieving their goal of rolling back the IRS funding in the Inflation Reduction Act.

The week in state tax news: Iowa, Hawaii, Montana, and Nebraska have all acted on legislation creating “SALT cap workarounds” this month. Also, the Supreme Court offered some views on what should happen to surplus proceeds when a property is seized and sold to settle tax debts.

Oklahoma lawmakers approved bills to eliminate the state’s franchise tax and soften income tax rates for married filers shortly before adjourning for the year Friday.

The son of a woman killed in a natural gas explosion will get another chance to seek a refund of estate taxes paid to New Jersey on the settlement he received.

As part of a series of views on Tyler v. Hennepin County, Dorsey & Whitney’s Steven Wells and Nick Bullard share how the Supreme Court’s unanimous decision challenges at least 13 states’ forfeiture laws but also leaves unanswered questions.

Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Kathleen “Kat” Gregor, a tax controversy attorney and litigator at Skadden, Arps, Slate, Meagher & Flom in Boston.

The US Supreme Court’s ruling in Tyler v. Hennepin County is a boon for homeowners and property advocates, Herman Katz’s David Wilkes says as part of a series of views on the case.

The UK’s professional body for accountants is sitting on £148 million ($183 million) of fines levied by the country’s watchdog, according to a new report which calls for the money to be used for financial education instead.

An appeals court upheld the IRS’s denial of whistleblower awards in two separate cases on Friday.

Ernst & Young’s US Chair Julie Boland has tapped two of the firm’s top leaders to streamline the firm’s operations as part of a leadership revamp rolled out this week.

The Australian government said Friday that it had replaced the head of the body that regulates tax practitioners, just days before the opening of a parliamentary probe into the government’s use of outside consultants.

Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Kathleen “Kat” Gregor, a tax controversy attorney and litigator at Skadden, Arps, Slate, Meagher & Flom in Boston.

Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter. The details agreed to are tentative and a final accord is still not in hand. Plus, the two sides have yet to agree on the amount of the cap.