Digital Chamber raises privacy concerns over IRS crypto tax draft
The Chamber proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate, such as NFTs taxed as collectibles, to prevent errors and ensure accurate reporting.
Related Posts
![Zengo-warns-of-major-security-flaw-among-dapp-wallets](https://www.lastcryptocurrency.com/wp-content/uploads/2020/03/53532/zengo-warns-of-major-security-flaw-among-dapp-wallets.jpg)
![Microstrategy-expands-company’s-bitcoin-holdings-with-$489m-purchase](https://www.lastcryptocurrency.com/wp-content/uploads/2021/06/102173-microstrategy-expands-companys-bitcoin-holdings-with-489m-purchase.jpg)
MicroStrategy expands company’s Bitcoin holdings with $489M purchase
MicroStrategy has announced an additional Bitcoin purchase to the tune of $489 million. 1222 Total views 4 Total shares MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization.According to an announcement on Monday, the business intelligence firm purchase 13,005 BTC at an average price of…
![Africa’s-blockchain-journey-begins-with-poverty-alleviation-–-ceo-sumotrust](https://www.lastcryptocurrency.com/wp-content/uploads/2023/09/187523-africas-blockchain-journey-begins-with-poverty-alleviation-ceo-sumotrust.jpg)
Africa’s blockchain journey begins with poverty alleviation – CEO Sumotrust
Africa must erase the poverty in general and help people into the middle class in order to drive faster blockchain technology incorporation. 60 Total views 2 Total shares There has been a resounding call for Nigeria, and Africa in general, to incorporate blockchain technology into its mainstream living. However, during a fireside chat involving stakeholders
![Banque-de-france-tests-digital-currency-based-securities-settlement](https://www.lastcryptocurrency.com/wp-content/uploads/2021/06/102157-banque-de-france-tests-digital-currency-based-securities-settlement.jpg)
Banque de France tests digital currency-based securities settlement
The Bank of France has completed a central bank digital currency pilot for securities transactions in collaboration with Swiss crypto bank SEBA. The central bank of France — Banque de France — is continuing its work on the development of a European central bank digital currency (CBDC).On Monday the bank officially announced the successful completion of…
![Sports-nft-gold-rush-as-projects-raise-$930-million-in-a-week](https://www.lastcryptocurrency.com/wp-content/uploads/2021/09/110552-sports-nft-gold-rush-as-projects-raise-930-million-in-a-week.jpg)
Sports NFT gold rush as projects raise $930 million in a week
Tokenized sport collectibles projects have raised almost $1 billion in funding in the space of a week. On Sept. 22 Dapper Labs — the firm behind the Flow blockchain and the widely popular tokenized basketball collectibles, NBA TopShot — announced a further $250 million in a funding round led by tech-focused hedge fund Coatue. As…
![Global-inflation-mounts:-how-stablecoins-are-helping-protect-savings](https://www.lastcryptocurrency.com/wp-content/uploads/2022/09/146541-global-inflation-mounts-how-stablecoins-are-helping-protect-savings.jpg)
Global inflation mounts: How stablecoins are helping protect savings
Economies around the world are facing a motley of challenges caused by rising inflation. High inflation devalues national currencies, which, in turn, pushes up the cost of living, especially in scenarios where earnings remain unchanged.In the United States, the government has responded aggressively to inflation. The nation hit a 9.1% inflation rate in June, prompting…
![Here-are-the-btc-price-levels-to-watch-as-$38k-emerges-as-bulls’-line-in-the-sand](https://www.lastcryptocurrency.com/wp-content/uploads/2021/09/109518-here-are-the-btc-price-levels-to-watch-as-38k-emerges-as-bulls-line-in-the-sand.jpg)
Here are the BTC price levels to watch as $38K emerges as bulls’ line in the sand
Bitcoin (BTC) needs to retain two key moving averages in order to stay bullish, but is failing, fresh analysis shows.In its latest market update on Sept. 10, trading platform Decentrader warned that bulls do not have the upper hand much above current price levels.A "golden cross" like any other?Bitcoin has drifted lower into the weekend,…
![Eu-stays-on-top-of-web3-with-metaverse,-ai-and-crypto-strategies](https://www.lastcryptocurrency.com/wp-content/uploads/2023/07/180411-eu-stays-on-top-of-web3-with-metaverse-ai-and-crypto-strategies.jpg)
EU stays on top of Web3 with metaverse, AI and crypto strategies
The European Union has been vocal about its place in the rapidly expanding ecosystem of emerging technologies. It has been a leader in establishing clear crypto regulations with its long-awaited Markets in Crypto-Assets (MiCA) framework signed into law in late May. The EU has also been pushing forward on creating regulations for the development and deployment of artificial…
![Meet-dmitry:-co-founder-of-ethereum’s-creator-vitalik-buterin](https://www.lastcryptocurrency.com/wp-content/uploads/2021/11/117063-meet-dmitry-co-founder-of-ethereums-creator-vitalik-buterin-scaled.jpg)
Meet Dmitry: Co-founder of Ethereum’s creator Vitalik Buterin
Dmitry Buterin is a self-made millionaire who fathered a billionaire who created a cryptocurrency that’s on its way to becoming a trillion-dollar asset.Suffice to say the possibility that Buterin would found three multi-million dollar businesses and retire in his 40s was beyond his wildest imaginings growing up in Grozny, Chechnya in the former Soviet Union…