the legislation defines a cryptocurrency “broker” very broadly, allowing the Internal Revenue Service to target crypto miners, developers and others, who could be considered brokers even if they don’t have any customers or have access to information needed to comply with tax reporting requirements.
don’t have any customers or have access to information needed to comply with tax reporting requirements. The industry worries it will discourage innovation in the fast-growing sector.
— Rev. Dr. P. Wesley Tyler Jr. Aka. ElderGeek® (@wesleytyler) November 28, 2021
