US Treasury Implements New Rule to Enhance Tax Oversight in Crypto Transactions
Saturday, 29 June 2024, 14:30
US Treasury Implements New Regulations
The US Treasury has introduced a new rule to address tax evasion through cryptocurrencies.
Enhanced Oversight and Compliance
The regulation mandates cryptocurrency platforms to report user transactions to the IRS.
- Transparency and Accountability: Crypto platforms required to disclose user data.
- Closing Tax Reporting Gaps: Measures aimed at tightening tax compliance in the crypto sector.
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