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.
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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.
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.