Digital Chamber raises privacy concerns over IRS crypto tax draft

The Chamber proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate, such as NFTs taxed as collectibles, to prevent errors and ensure accurate reporting.

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Blockchain Association objects to IRS broker rule in letter

The Washington DC-based blockchain advocacy group argued the IRS’ broker rule provisions violate the Paperwork Reduction Act.

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Consensys Requests Delay In IRS Crypto Reporting Regulations

Blockchain development firm Consensys formally requested the U.S. Internal Revenue Service (IRS) on June 21 to delay the implementation of proposed tax regulations requiring cryptocurrency brokers and exchanges to report digital asset transactions.

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Consensys asks IRS to delay new crypto reporting rules, citing lack of clarity

Consensys said the proposed tax form may “single-handedly destroy” self-custody wallet providers in the U.S.

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