・2 min read・Crypto
Biden Proposes More Stringent Regulations To Catch Crypto Tax Evaders
Biden's Fiscal Year 2022 Revenue Proposal
[https://home.treasury.gov/system/files/131/General-Explanations-FY2022.pdf]
aims to catch crypto tax evaders by reinforcing existing information reporting
rules and information sharing agreements between jurisdictions.
What is information reporting?
Information reporting is the primary way that regulators like the IRS knows
about your crypto activity. Cryptocurrency exchanges are required by law to
collect your personal identification information (nam
Shehan Chandrasekera, CPA