Event JSON
{
"id": "c39b7a3ff3fb74ec30452cdd66d4887491c699b3c122f55b5225670a9bd1b419",
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"kind": 1,
"tags": [
[
"r",
"https://crypto.news/defi-proponents-to-fight-us-irs-tax-code/"
],
[
"subject",
"DeFi proponents to fight US IRS tax code"
],
[
"published_at",
"1735329164"
],
[
"image",
"https://crypto.news/app/uploads/2024/04/crypto-news-What-you-need-to-know-about-the-IRSs-crypto-question-on-tax-returns-option02.webp"
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],
[
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],
[
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"The IRS has finalized rules for DeFi brokers, directing them to operate like traditional finance institutions by collecting certain user activity data and reporting on 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. However, the crypto industry has debated against digital assets falling under existing securities laws, and industry leaders are expected to fight against the agency's tax proposal."
]
],
"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqfupvkfgd5pazlt7lr0zqhmsnvrd87xmgwec5y356qnctzdmkvz9qjj8vg8\nhttps://crypto.news/app/uploads/2024/04/crypto-news-What-you-need-to-know-about-the-IRSs-crypto-question-on-tax-returns-option02.webp\nThe 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.\nhttps://crypto.news/defi-proponents-to-fight-us-irs-tax-code/",
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