Terms of Service Crypto com registration Zengo’s 3FA ensures your account is always recoverable, based on your email account, 3D FaceLock (an encrypted biometric scan), and the Zengo recovery file.

A9. Yes. When you receive property, including virtual currency, in exchange for performing services, whether or not you perform the services as an employee, you recognize ordinary income. For more information on compensation for services, see Publication 525, Taxable and Nontaxable Income. Struggling to keep pace As the cryptocurrency industry grows, global and national financial regulators are putting more pressure on exchanges that offer digital asset services to comply with the same rules that regulate traditional banks, as proper KYC measures help to prevent the illegal use of cryptocurrencies.