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Explore 1,139+ clear, technical, and objective definitions defining the decentralized future.
Source of wealth describes how a customer accumulated their overall wealth over time.
A DeFi money market is an on-chain system where users supply assets that others can borrow under protocol-defined collateral and interest rules.
A regulatory sandbox is a supervised framework allowing eligible firms to test financial products or services under controlled regulatory conditions.
A money transmitter is a person or business that accepts and transmits money or value for others under applicable law.
A Money Services Business is a regulated business category that can include certain money transmission, exchange, or payment activities.
A politically exposed person is an individual entrusted with a prominent public function who may require enhanced financial-crime risk controls.
Sanctions screening checks customers, counterparties, or transactions against applicable sanctions lists and restrictions.
A Suspicious Activity Report is a formal report used in some jurisdictions to notify authorities about potentially suspicious financial activity.
A Suspicious Transaction Report is a report filed with a competent authority when activity meets the jurisdiction's suspicious-transaction reporting threshold.
Enhanced Due Diligence applies additional verification and monitoring to customers or activities presenting higher compliance risk.
Customer Due Diligence is the process of identifying customers, understanding relevant risk, and verifying information under compliance rules.
An ultimate beneficial owner is the natural person who ultimately owns or controls a legal entity or arrangement.
A beneficial owner is the natural person who ultimately owns, controls, or benefits from an asset, account, or legal entity.
An information return is a form filed with a tax authority to report payments, transactions, account activity, or other reportable information.
Gift tax is a tax or reporting regime that can apply when property, including crypto assets, is transferred as a gift.
Inheritance tax is a tax regime that can apply to assets transferred after a person's death, depending on jurisdiction.
A crypto donation is a transfer of digital assets to a charitable or other recipient that may have tax consequences for the donor and recipient.
Tax recordkeeping is the maintenance of transaction, valuation, basis, income, and supporting records needed to prepare or substantiate tax filings.
Tax reporting is the process of declaring taxable crypto income, gains, losses, holdings, or transactions to the relevant authority.
Schedule D is a U.S. tax schedule used to summarize capital gains and losses reported from forms such as Form 8949.