Will this amendment change how Congress taxes incomes earned from digital assets?

1 answers

• May 02, 2022 · 3 years ago
  As a representative of BYDFi, a digital asset exchange, I can say that this amendment has the potential to change how Congress taxes incomes earned from digital assets. If this amendment is passed, it could introduce new reporting requirements and tax obligations for individuals and businesses involved in digital assets. This could mean that individuals would need to report their digital asset earnings and pay taxes on them. However, the specific impact of this amendment will depend on the details and implementation of the new regulations. It is important for individuals and businesses to stay informed about any updates or changes in tax regulations and consult with tax professionals to ensure compliance.
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