1、 https:/crsreports.congress.gov August 25, 2021Cryptocurrency Transfers and Data CollectionOverview The extent to which the government should collect data on and require reporting of cryptocurrency (“crypto”) transfers has been the focus of recent policy discussions. Both the Biden Administrations F
2、Y2022 budget proposal and H.R. 3684, as amended and passed by the Senate on August 10, 2021, would enhance and expand tax information reporting for certain crypto transfers. Requiring more data collection on crypto transfers presents policymakers with a potential trade-off. On the one hand, enhanced
3、 data collection and reporting could lead to increased tax revenue and lower levels of illicit financial activity. On the other hand, enhanced data collection could lead some crypto market participants to move their operations offshore to avoid government oversight, which may negatively impact a bur
4、geoning sector of the U.S. economy. This In Focus summarizes current data reporting requirements for certain crypto transfers, reviews recent policy proposals, and presents selected policy considerations. Cryptocurrency Transfer Practices Crypto transactions are typically carried out over a crypto e
升级VIP 