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US Treasury Department Proposes New Reporting Requirements for Digital Asset Brokers – An Attempt to “Kill” Crypto Adoption?

The US Department of the Treasury and Internal Revenue Service (IRS) on Friday released new proposed regulations that would require the brokers of digital assets to report certain sales and exchanges in an effort to crac...

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US Treasury Department Proposes New Reporting Requirements for Digital Asset Brokers – An Attempt to “Kill” Crypto Adoption?
The US Department of the Treasury and Internal Revenue Service (IRS) on Friday released new proposed regulations that would require the brokers of digital assets to report certain sales and exchanges in an effort to crack down on tax cheats, as well as to assist law-abiding taxpayers know how much they owe....
Read More: US Treasury Department Proposes New Reporting Requirements for Digital Asset Brokers – An Attempt to “Kill” Crypto Adoption?

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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