Crypto Stakeholders Protest As U.S. Treasury Department and IRS Finalize New DeFi ...

Retrieved on: 2024-12-28 19:49:35

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Taxation in the United States

Cryptocurrency

Decentralization

Financial technology

Internal Revenue Service

Decentralized finance

Know your customer

Tax noncompliance

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Crypto Stakeholders Protest As U.S. Treasury Department and IRS Finalize New DeFi .... View article details on hiswai:

Summary

The article discusses U.S. Treasury and IRS imposing reporting rules for DeFi brokers akin to traditional securities brokers, impacting Bitcoin's decentralized financial technology. Crypto stakeholders view this as burdensome, potentially driving noncompliance and hindering industry innovation.

Article found on: dailyhodl.com

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