Crypto Tax Reporting
Jake explains the troubling language in the tax code that would expand reporting requirements to include every actor in the crypto markets, potentially impacting miners, liquidity providers, DeFi developers, and even NFT marketplaces. Compliance with the IRS requirements would be impossible for these decentralized actors.In this clip
From this podcast
Bankless
The State of Crypto Regulation | Jake Chervinsky (SotN 8/17)
Related Questions
How would taxation affect Bitcoin?
How would taxation affect Bitcoin in the context of the episode a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?) and the clip Taxation in Crypto?
How would taxation affect Bitcoin in the context of the episode Anthony Pompliano: Bitcoin | Lex Fridman Podcast #171 and the clip Multi-Currency Future, as well as in the context of the a16z Podcast episode | Cryptonetworks as Emerging Economies (Done Right?) and the clip Taxation in Crypto?