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CryptoGlobe 2023-08-26 07:58:47

U.S. Treasury Proposes New Reporting Rules for Digital Asset Brokers, Crypto Community Responds

The U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), has released a set of draft regulations targeting the reporting of digital asset transactions. This initiative is part of a larger agenda by the Biden-Harris Administration to close existing gaps in tax compliance and to address the perceived risks of tax

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