US brokers and those operating in course of their trade or business are now required to report crypto transactions worth of $10,000 to the Internal Revenue Service (IRS), in line with a provision amending the Tax Code of the Infrastructure Investment and Jobs Act that came into force on January
Industry insiders critical of new US crypto tax reporting obligations
3 min read
Coin Center warns about surveillance and privacy issues stemming from amendments that require the reporting of crypto transactions of $10,000 or more to the IRS.