November 29, 2022

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Proposed US infrastructure deal looks to higher taxes on crypto for part of the funding

1 min read

Bloomberg picked the crypto detail out of the  Senate’s bipartisan infrastructure deal

provisions would raise an additional $28 billion from cryptocurrency transactions, according to a summary of the plan

And, info needs to be sent to the Internal Revenue Service re:

  • more rules on crypto brokers to report transactions of digital assets
  • including virtual currencies
  • would also require businesses to report crypto transactions of more than $10,000

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