US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules

US Treasury Department Warns of NFT Risk in Art-Related Money Laundering

Industry participants pointed out that miners, stakers and other parties don’t typically have access to customer information that exchanges have when they facilitate transactions. An overly broad definition might be impossible for some entities to comply with. Treasury’s letter, a copy of which was obtained by CoinDesk, suggests the expanded definition would be limited to parties that already collect this information.

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