what does the new infrastructure bill say about cryptocurrency

Last Updated on February 3, 2024 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

Two Things Crypto Investors Should Know About the … – TIME

Two Things Crypto Investors Should Know About the … – TIME

The president signed a $1 trillion infrastructure bill that contains new legislation pertaining to cryptocurrency. Here’s what’s changing.

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 …

How bipartisan infrastructure bill will impact crypto investors

How bipartisan infrastructure bill will impact crypto investors

The infrastructure bill provision would require similar from businesses and exchanges when they receive more than $10,000 in cryptocurrency.

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 …

Is the New Infrastructure Bill Really Anti-Crypto?

Is the New Infrastructure Bill Really Anti-Crypto?

The big change with the Infrastructure Bill is that crypto brokers would have to report crypto transactions directly to the IRS using something …

How Taxing Crypto Got Changed by Biden's Infrastructure Law

How Taxing Crypto Got Changed by Biden's Infrastructure Law

1. What did the law change? … Starting in 2023, cryptocurrency brokers such as Coinbase will be required to record transactions, tracking them …

Here's how the infrastructure bill targets crypto – MarketWatch

Here's how the infrastructure bill targets crypto – MarketWatch

The bill would require any person who regularly provides a service that executes transfers of digital assets, like bitcoin BTCUSD, +0.07% or …

The infrastructure bill makes crypto tax-reporting failures a felony

The infrastructure bill makes crypto tax-reporting failures a felony

Under the new rules, the transfer of digital assets above $10,000 in value will be treated like cash. And failure to report the identity of the …

EXPLAINER: How cryptocurrency fits into infrastructure bill

EXPLAINER: How cryptocurrency fits into infrastructure bill

A lot right now in the U.S. Congress. One way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved Tuesday …