The Future of Tax Information Reporting of Crypto Assets
Watch the Crypto Webcast hosted by TAINA featuring Raj Mukherjee (Coinbase), Teggy Altankhuyag (Coinfloor), Tom Howgate (Deloitte), Phillip Garlett (KPMG), Stevie Conlon (Wolters Kluwer) and moderated by Rasheed Khan (TAINA). The panel discussed the current regulatory environment for crypto assets and what regulatory oversight and review we are expecting to see in the future of tax information reporting of crypto assets.
New rules and regulations regarding crypto assets are expected to be released and published from the OECD and IRS in 2021. This will change crypto exchanges scope of their previous due diligence, which provides a blank slate opportunity to build more comprehensive systems to deal with the requirements.
Disclaimer: The information being discussed is not to provide legal, tax or accounting advice. Any statement contained in this communication (including any attachments) tax and regulatory matters is general in nature and not intended or written to be used, for the purpose of avoiding penalties imposed on the relevant taxpayer. The topics and discussions provided are the opinions of the participating individuals and not of their related firms We will focus our remark on the potential impacts to tax information reporting of Crypto Assets