Cryptocurrency Q&A
How many comments did Treasury make on a crypto exchange tax proposal?
How many comments did Treasury make on a crypto exchange tax proposal?
GangnamGlitter
Sun Jul 07 2024
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6 answers
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Could you elaborate on the extent of the Treasury's response to the proposed crypto exchange tax? Specifically, how many comments did they provide in their review or assessment? Did they offer a detailed analysis, or was it a more concise statement? Did they raise concerns or express support for the proposal? Understanding the number and nature of their comments is crucial to assessing the likely impact of this potential tax on the crypto market.
6 answers
SamuraiWarrior
Tue Jul 09 2024
Treasury recently announced that it had thoroughly reviewed over 44,000 comments pertaining to a specific proposal.
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Nicola
Tue Jul 09 2024
These comments were solicited to gather feedback and insights from the general public on the proposed regulatory framework.
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ethan_carter_engineer
Tue Jul 09 2024
Alongside the review, Treasury expressed its intention to introduce additional rules in the latter part of this year.
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MysterylitRapture
Mon Jul 08 2024
These proposed rules aim to establish stringent tax reporting requirements for non-custodial brokers.
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Giulia
Mon Jul 08 2024
The category of non-custodial brokers encompasses a wide range of entities, including decentralized crypto exchanges.
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