The Impact of the IRS Broker Rule on Cryptocurrency Exchanges
During the transition between holidays and New Years, the IRS made a significant move under the Biden administration by finalizing the Broker Rule. This rule mandates all cryptocurrency exchanges, whether custodial or non-custodial, fiat to crypto or crypto to crypto, to implement Know-Your-Customer (KYC) measures for their users. Implications of the Broker Rule The Broker […]
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