Biden's New Crypto Rule Shakes Entire Industry – Full IRS Oversight Incoming – Regulation Bitcoin News
news.bitcoin.com
The U.S. Treasury’s sweeping IRS rule forces crypto platforms to track and report all transactions, igniting fierce industry backlash and looming legal battles over its survival.
  • nsnitko@infosec.pubEnglish
    1·
    9 months ago

    Correct me if I’m wrong, but isn’t this ridiculously easy to do because of the open record of the Blockchain? Exchanges that operate in the USA are already required to retain customer data. I’m not sure why this regulation even needs to be a thing.