Another reason to abandon CEX for DEX? The Treasury Depar...

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Sam Mendoza

·2 years ago
shared a link post in group #Crypto
Another reason to abandon CEX for DEX? The Treasury Department finalized a rule that would require #Crypto exchanges to report user transaction info like gross proceeds to the IRS. (The idea: deter tax dodgers.) The rule applies to centralized exchanges like Coinbase and Binance. wsj.com/finance/currencie..
Crypto to See Tighter Tax Rules Starting in 2026
www.wsj.com

Crypto to See Tighter Tax Rules Starting in 2026

In a long-awaited step against tax evasion in cryptocurrency markets, the Treasury Department adopted a final rule requiring many crypto platforms to begin reporting users’ transactions to the Internal Revenue Service.

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