The Internal Revenue Service (IRS) says that US crypto traders staking rewards will now have to treat those earnings as part of their taxable income that year. Staking involves investors locking up their crypto assets into the blockchain in order to validate transactions and obtain rewards. Explains the IRS, “If a cash-method taxpayer stakes cryptocurrency The post IRS Says Staking Rewards Can Now Be Taxed As Income Once Tokens Are Received appeared first on The Daily Hodl .
