US-based cryptocurrency exchanges, such as
The proposed regulations from the Treasury Department and Internal Revenue Service offers clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion by offering more transparency into customer trades. At the time, it was estimated the measure would raise up to $28 billion in additional revenue over 10 years, according to the Joint Committee on Taxation.
The IRS has pointed to unpaid digital-asset taxes as a contributor ...