what does the infrastructure bill mean for cryptocurrency

Last Updated on May 25, 2023 by Paganoto

What the US infrastructure bill means for cryptocurrency …

What the US infrastructure bill means for cryptocurrency …

The bill mandates that a broker will have to report any digital-asset transfer moved to the account of an unknown person or address. The new rules stand to put tremendous emphasis on a broker's Know Your Customer (KYC) and tax information reporting systems.Dec 20, 2021

How bipartisan infrastructure bill will impact crypto investors

How bipartisan infrastructure bill will impact crypto investors

The legislation includes tax reporting provisions that apply to digital assets like cryptocurrency and nonfungible tokens, or NFTs.

Congress must clarify how the infrastructure bill will impact …

Congress must clarify how the infrastructure bill will impact …

The $1 trillion U.S. infrastructure bill, signed into law by President Joe Biden last week, contains provisions that would tax …

How the Infrastructure Bill Could Change Crypto – Kiplinger

How the Infrastructure Bill Could Change Crypto – Kiplinger

The infrastructure bill, targeted at investing $1.2 trillion over the ensuing eight years, would have tighter tax reporting requirements levied …

Infrastructure Bill's New Reporting Requirements May Have …

Infrastructure Bill's New Reporting Requirements May Have …

The Act’s new requirement for businesses to collect and report personal information about the parties to certain cryptocurrency transactions …

Two Things Crypto Investors Should Know About the … – TIME

Two Things Crypto Investors Should Know About the … – TIME

In other words, crypto exchanges will now be required to notify the IRS directly of crypto transactions. “The bill will signify the end of …

Infrastructure Bill Threatens Cryptocurrency Ecosystem – Forbes

Infrastructure Bill Threatens Cryptocurrency Ecosystem – Forbes

The provisions of the bill – entitled the Infrastructure Investment and Jobs Act — go far beyond merely requiring cryptocurrency brokers to …

The infrastructure bill is hanging in the balance. What would …

The infrastructure bill is hanging in the balance. What would …

The government would essentially treat crypto as property for one purpose (reporting taxable income), cash for another purpose (the Section …

VERIFY: How the infrastructure bill impacts cryptocurrency

VERIFY: How the infrastructure bill impacts cryptocurrency

Yes. The Infrastructure Bill, passed by the Senate, includes a section that would add regulations on cryptocurrency brokers, mandating that they …

How Taxing Crypto Got Changed by Biden's Infrastructure Law

How Taxing Crypto Got Changed by Biden's Infrastructure Law

Senator Ted Cruz, a Texas Republican, has a bill that would repeal the crypto section from the infrastructure law entirely.