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A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24 By Cointelegraph


A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24

No matter how much attention the United States Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission gets in the crypto industry, for individual traders and investors, it often comes down to the Internal Revenue Service’s (IRS) position — and how much tax one owes.

Last week, the IRS released a draft bill. A section of digital assets that is well-defined This article explains if and how taxpayers should account for the use cryptocurrency, stablecoins, or both. nonfungible tokens (NFTs).

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