Coinbase Rings Alarm on IRS Crypto Tax Proposals, Cites Risks

Coinbase raises concerns about IRS crypto tax reporting rules, fearing they might invade privacy and hinder innovation in the industry. Coinbase, a leading U.S. cryptocurrency exchange, has voiced stern reservations regarding the Internal Revenue Service (IRS) and its proposed crypto tax reporting requirements, signaling a potential threat to the industry and an intrusion into citizens’ privacy….

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