Saturday, June 29, 2024

The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying (Paul Kiernan/Wall Street Journal)

Paul Kiernan / Wall Street Journal:
The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying  —  Treasury finalizes rules to deter crypto tax evasion—but softens them after industry lobbying push



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Sources: China's government asked Alibaba, ByteDance, and others to report on their plans to buy Nvidia RTX Pro 5500, saying it intends to approve the purchases (Qianer Liu/The Information)

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