PearlWhisper
Fri Jul 12 2024
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6 answers
1159
What is IRS cryptoasset guidance?
Could you please elaborate on the IRS cryptoasset guidance? I'm curious to understand how the Internal Revenue Service (IRS) approaches the taxation of <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> assets. Specifically, I'm interested in knowing what the IRS considers a cryptoasset, how it determines the taxable event for these assets, and what recordkeeping requirements are imposed on investors and traders. Additionally, I'm wondering if there are any special tax rates or exemptions applicable to cryptoassets, and how the IRS handles transactions involving crypto-to-crypto exchanges. I'd appreciate a concise yet comprehensive overview of the IRS's guidance on cryptoassets to help me navigate the tax implications of investing in this area.
CryptoWanderer
Thu Jul 11 2024
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5 answers
1131
What is the guidance for crypto-asset trading platforms?
As a financial professional, I'm curious to understand the guidance for crypto-asset trading platforms. Could you elaborate on the regulatory framework that these platforms must adhere to? Specifically, are there any requirements for Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures? Additionally, are there any rules or policies concerning consumer protection, market manipulation, and transparency of transactions? Furthermore, are there any international collaborations or agreements among regulators to ensure consistency in the oversight of these platforms? I'm interested in understanding the overall regulatory landscape for crypto-asset trading platforms.
