Aug 28, 2023

The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations.

Video transcript

The plan is that it will be. It's very exciting. This is probably one of the most highly anticipated things to happen in this space. As you're probably aware, the law here, Congress passed almost two years ago. So everyone's been patiently waiting for the Treasury Department to issue these proposed regulations that would really govern the implementation of this new law. And so now we have that and it should provide a lot of clarity as the as the proposed regulations pointed out, the goal here was almost a little bit of a consumer focused goal.

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