Analysis: The challenges facing U.S. cryptocurrency tax policy have become increasingly difficult.
According to AMBcrypto on August 15, former IRS special advisor Roger Brown said vague 1099 tax rules have prevented many people from reporting fraudulent payments and payments. He also added that one of the key issues with the clarity of cryptocurrency payments and transactions is that the exchange does not necessarily know the full history of the user market. . He said the US government did not pay enough to intervene when the tax system was put in place. According to a recent study by Crypto Fund Research, 86% of crypto funds believe that there is an increase in the organization's interest in crypto investments in the first half of 2020. This increases the popularity of digital assets in the market and leads to an increase in crypto users. This makes the issues facing the IRS and cryptocurrency tax laws more difficult.
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