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.
Tether’s Strategic Funding in StablR Goals to Enhance European Stablecoin Market
On December 17, 2024, Tether, the world’s largest digital asset firm, introduced its funding in StablR, a European stablecoin supplier....
