New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets

Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users’ sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on crypto users who may …

Author: . [Source Link (*), Gadgets 360]

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