Why Nostr? What is Njump?
2024-12-27 20:04:43
in reply to

crypto.news on Nostr: crypto.news ✍️ The IRS has published updated rules for DeFi brokers, requiring ...



✍️ The IRS has published updated rules for DeFi brokers, requiring them to collect and report user activity data and cryptocurrency proceeds, similar to traditional finance institutions.
👉 DeFi brokers will be required to collect and report user activity data and cryptocurrency proceeds
👉 The rules apply to front-end DeFi operators, including service providers that manage websites for decentralized exchanges
👉 The IRS argues that the revised framework will level the taxpayer playing field and standardize reporting requirements for all participants
👉 The crypto industry has debated against digital assets falling under existing securities laws

#AvivaAron-Dine #BillHughes #technology


The U.S. Internal Revenue Service said DeFi brokers should comply with long-standing securities rules, disagreeing with industry sentiment arguing for different laws for digital assets.
https://crypto.news/defi-proponents-to-fight-us-irs-tax-code/

Author Public Key
npub18frmmjy84kvl953evvw3h8eteqg9kf8hnng5c9utrzzvuulha8ws3n22ap