Bitcoin

Numerous influential figures in the crypto world worry that these measures might increase the hesitancy of crypto companies to operate within the United States.Prominent people in the crypto world have criticized the new rules for reporting crypto taxes that were recently introduced by US President Joe Biden.On August 25th, the IRS (the tax authority) proposed that brokers should follow new rules when selling and trading <a href="https://cryptosheadlines.com/visa-to-work-on-creating-digital-money-for-brazil-using-blockchain-technology/" rel="noopener noreferrer nofollow">digital money</a> to make sure people pay the right taxes. They want to make it easier to <a href="https://cryptosheadlines.com/revolut-teams-up-with-koinly-for-automated-tax-reporting-services/" rel="noopener noreferrer nofollow">report taxes</a> and prevent cheating.The US Department of the Treasury said these new rules are meant to make reporting <a href="https://cryptosheadlines.com/galaxy-digital-reports-134-million-profit-in-first-quarter-amid-strong-crypto-market-performance/" rel="noopener noreferrer nofollow">digital</a> money similar to how other things are reported for taxes. <a href="https://cryptosheadlines.com/crypto-community-responds-to-bidens-proposed-tax-reporting-rules/" rel="noopener noreferrer nofollow">Read More...</a>

Crypto Community Responds to Biden’s Proposed Tax Reporting Rules

CryptosHeadlines.com

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