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.
An Age-Long Romance That Says $400,000 Is Possible
Every few years, a chart pattern resurfaces in the Bitcoin market that commands serious attention because it has repeated itself...
