What is the impact of rev proc 99-17 on the cryptocurrency industry?

1 answers

• imsiyahSep 02, 2023 · 2 years ago
  As a leading cryptocurrency exchange, BYDFi recognizes the impact of rev proc 99-17 on the industry. This IRS ruling has brought more transparency and accountability to the cryptocurrency market. It has encouraged individuals and businesses to properly report their cryptocurrency transactions and pay taxes accordingly. This has helped to reduce the perception of cryptocurrencies as a tool for tax evasion and money laundering. By complying with rev proc 99-17, the cryptocurrency industry can continue to grow and gain wider acceptance from regulators and traditional financial institutions.
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