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    1. coinfeeds-bot on

      tldr; The White House is reviewing proposed IRS rules to tax Americans‘ foreign cryptocurrency accounts by joining the Crypto-Asset Reporting Framework (CARF). Created by the OECD in 2022, CARF facilitates global information sharing on crypto holdings to combat tax evasion. The U.S. aims to align with other nations, including G7 members and crypto hubs, to discourage offshore crypto transfers and promote domestic digital asset growth. The proposed rules exclude new reporting requirements for DeFi transactions, with global CARF implementation planned for 2027.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. Amazing-Repeat2852 on

      I might just be too honest for my own good but….. wasn’t it always taxable if I sold via a non-US based exchange or wallet?

    3. Centralization is happening. How would anyone know? Just get a private wallet don’t use a service. Domestic growth in crypto is an oxymoron crypto is by design across borders.

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