Although discussions about regulating cryptocurrencies have been going on for about fifteen years, almost every country has integrated these assets into their legal systems in some way. Finally in the US cryptocurrency trading The relevant regulation has taken its final form.

In fact, the requirement that cryptocurrency owners and sellers pay taxes on their income in the US is already a rule in effect, but the regulation has just taken its final form. With this regulation, crypto platforms allow their users to process their transactions. to the tax authorities They will have to report this to the Tax Authorities. This way, the authorities know exactly how much tax a user has to pay.

Decentralized platforms will be exempt

With the new regulations, income tax forms will also be completed for cryptocurrency transactions. For crypto assets tied to a specific currency, a threshold of $10,000 is observed and transactions below $10,000 are assessed separately. The new arrangement is only Binance, currency base It includes central platforms that take ownership of digital assets, such as.

Let’s take a look at these regulations in cryptocurrency exchanges. purchases and sales What impact will this have? On the other hand, the transition to decentralized crypto exchanges will not be a permanent solution, as a regulation for decentralized structures will come into effect by the end of the year.