Crypto Industry Fights Back Against Proposed Regulation on Reporting Cryptocurrency Transactions

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 29 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 67%
  • Publisher: 53%

Finance ข่าว

Crypto Industry,Proposed Regulation,Reporting

The crypto industry is opposing proposed regulations that would require reporting of certain cryptocurrency transactions, citing concerns about decentralized finance and constitutional issues.

The crypto industry is staunchly fighting back against proposed regulation that would expand who would have to report certain cryptocurrency transactions with some calling it an impediment on decentralized finance citing constitutional concerns. The Treasury, alongside the Internal Revenue Service, released a set of proposed regulations in August that would require crypto brokers to be treated similarly to brokers for more traditional investments like stocks and bonds.

Since then, over 124,000 letters have flooded in — with 2,000 being filed in just the past two days. Some argue that the proposed rules stretch the definition of a broker too far. The IRS also held a hearing on Monday morning where the crypto sector and at one point, a tax preparer at a small tax firm, laid out the impacts of the proposed rules. An 'overly broad' proposal The proposal is overly broad, specifically for decentralized finance and should be limited to centralized entities, said the Blockchain Association's senior counsel Marisa Copel on Monda

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 464. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

U.S. adds Hamas sanctions as crypto industry fights back against funding claimsExperts say crypto is a small part of terror funding puzzle
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

Dink, dink, ka-ching: The pickleball industry fights to cash inPickleball has entered a second phase focused less on grassroots growth and more on the thing that drives all sports: money.
แหล่ง: washingtonpost - 🏆 95. / 72 อ่านเพิ่มเติม »