The Impact of the IRS Broker Rule on the Cryptocurrency Industry
As the Biden administration finalized the IRS Broker Rule in the last days of the year, the cryptocurrency industry faces significant changes. This regulation mandates all cryptocurrency exchanges, whether custodial or non-custodial, to implement Know-Your-Customer (KYC) measures for their users. Expanding Definition of Brokers The IRS Broker Rule broadens the definition of brokers to include […]
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