Proposed regulations for digital asset reporting under section 6045 will require brokers to report sales and exchanges of digital assets to the IRS.
IRS rules on treatment of cryptocurrency validation rewards
In a recent revenue ruling, the IRS stated that blockchain validation awards such as digital coins created by a computer algorithm are gross ...
OECD issues final Crypto-Asset Reporting Framework – now what?
The OECD’s updated crypto-asset reporting framework and CRS amendments will streamline reporting and exchange of information on crypto-assets.
New IRS draft forms reflect broader digital asset enforcement
The IRS changed “virtual currency” to “digital asset” in new draft forms, signaling enforcement efforts toward digital assets, including NFTs.
States begin to consider digital asset taxation as sessions end
A number of states begin to consider or take steps related to the state taxation of digital assets as the economy for these assets continues to grow.
Executive Order provides path to regulation of digital assets
Executive Order provides an outline for next steps related to guidance and regulation in the digital asset space.
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