Proposed rules on reporting requirements for cryptocurrency brokers that will force them to report client transactions to IRS have been sent to the White House for review.
The Treasury Department sent the rules on Thursday to the White House Office of Information and Regulatory Affairs, according to OIRA’s website.
Digital asset brokers will have to turn over information on their clients’ transactions once the final rules are released.
- The requirements were included in the sweeping 2021 infrastructure legislation, but there were questions about who is considered a crypto broker and what rules they need to follow.
- The reporting ...
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