IRS Cryptocurrency Tax Proposal Draws Alarm From Crypto Exchange Coinbase (COIN)

IRS Cryptocurrency Tax Proposal Draws Alarm From Crypto Exchange Coinbase (COIN)



In August, the Treasury Department published its nearly 300-page proposed rule, meant to finally comply with the 2021 Infrastructure Investment and Jobs Act. It sets out reporting obligations for centralized crypto exchanges, payment processors, some hosted wallet providers, some decentralized exchanges and people or entities that redeem crypto tokens.



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