The requirement, which will take effect in 2024, requires U.S. taxpayers who receive over $10,000 in cryptocurrency to report the social security numbers and other personal information of the sender. The provision was one of several included in a 2021 infrastructure bill, which also included a controversial crypto tax reporting requirement which applied to brokers. That provision galvanized a massive industry backlash, though it was ultimately unsuccessful.
Web3 Marketing Needs Some of Apple’s Secret Sauce
Like spatial computing, Web3 is also an umbrella term, liberally thrown together with terms like blockchain, digital assets, DeFi and...