News with the tag "Broker Rule"

Bitcoin Magazine The Current State Of The IRS Broker Rule Between the holidays and New Years, the IRS used the last passing days of the Biden administration to finalize its long feared Broker Rule : a regulation requiring all cryptocurrency exchanges – custodial and non-custodial, fiat to crypto and...

The U.S. Senate has voted to repeal a Biden-era rule that sought to impose stringent reporting requirements on decentralized exchanges. The decision, made on March 4 with a 70-27 vote, effectively nullifies a regulatory framework that would have mandated DeFi protocols to report crypto transactions ...