A few months ago, the U.S. Treasury Department put out its long-awaited proposed rule for enforcing broker reporting standards on cryptocurrency entities. The proposal suggested capturing hosted wallet providers, payment processors, some decentralized finance (DeFi) entities and others as “brokers,” meaning these groups would be subject to specific crypto tax reporting requirements. The Treasury also announced a public comment period, asking for feedback on the overall rule, and also asking specific questions about different provisions detailed within the document.
Bitcoin’s Realized Cap Hits Document Excessive as Accumulation Continues
Bitcoin is presently buying and selling slightly below the $100,000 psychological threshold, sustaining a sideways trajectory in latest weeks. On...
