New DeFi broker reporting regs are out. They are ass. Everything is pinned on "front end" providers for information reporting.
— Alex Golubitsky (@DumbApe69420) December 27, 2024
As much as I want to dig into these and start formulating strategies to deal with them, it seems really unlikely they will ever go into effect, givenβ¦
Lots of bitching about ruined holidays.
Does the IRS do anything but ruin people's holiday's (and every other day)? π
β Hermes Psychopomp, JD. (@Cypherpunk69) December 27, 2024
IRS TARGETS FRONT ENDS IN FINAL CRYPTO BROKER REPORTING REGS
β CryptoTaxGuy.ETH (@CryptoTaxGuyETH) December 27, 2024
Today, Treasury and the IRS issued "part 2" of the crypto broker reporting regs. Part 1 primarily addressed CEXes and other custodial actors and is summarized in the below-linked tweet. https://t.co/LIdSD0rWv7
1/12
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You mean to tell me that a nation state capable of maintaining a global military presence, that once leveled two cities with just two bombs, isn't going to just let us make up our own money and be sovereign, untraceable citizens of the globe?!
Lolbertarians may win the occasional battle but in the long run they are always btfo like the meme they are
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this is the same nation that lost a war to afganistan and vietnam.
Defeating an army with big bombs and tanks and aircraft is not the same thing as putting boots on the ground and enforcing a certain order.
this is not a war against a specific enemy, it is a war against software that can easily be reproduced, hidden, and run.
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Yeah lolberts would need to make their own worldwide mafia/secret society of pro hackers that do transactions anon but how the frick do you find more than 3 people that know how to evade the feds online
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putin is using bitcoin to evade sanctions already. Bhutan uses free seasonal electricity to mine it, and its 25 percent of their GDP already.
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O wow hold the phone crypto is temporarily allowing whatever the frick Bhutan is to collect currency by wasting electricity
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It's the happiest place on Earth. Your Happiness Index is measured and benchmarked against the five year plan.
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its not wasted, its free hydro power
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