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VOICE ARCHIVE

Miller

@millercwl
6 posts
2023-08-27
Treasury just released a confusing and self-refuting proposal pursuant to a new definition of “broker” passed in August 2021. As feared, it strains to find non-existent financial intermediaries in crypto—including DAOs and certain wallet providers—or to create them...
2023-08-27 View on X
Wall Street Journal

The US Treasury proposes new rules that would treat crypto exchanges more like stockbrokers, requiring them to report gross proceeds to the IRS starting in 2026

including DAOs and certain wallet providers—or to create them... Richard Rubin / @richardrubindc : One could be cynical/clever and note the incentive for Congress to purport to rai...

View original
There is a lot in here and this is just an initial take... we'll be going through it throughout the day. I encourage people to read this proposal and submit comments because it gets to core issues of open access and decentralization relevant to the entire technology.
2023-08-27 View on X
Wall Street Journal

The US Treasury proposes new rules that would treat crypto exchanges more like stockbrokers, requiring them to report gross proceeds to the IRS starting in 2026

including DAOs and certain wallet providers—or to create them... Richard Rubin / @richardrubindc : One could be cynical/clever and note the incentive for Congress to purport to rai...

View original
2023-08-26
Treasury just released a confusing and self-refuting proposal pursuant to a new definition of “broker” passed in August 2021. As feared, it strains to find non-existent financial intermediaries in crypto—including DAOs and certain wallet providers—or to create them...
2023-08-26 View on X
Wall Street Journal

The US Treasury proposes new rules that would treat crypto exchanges more like stockbrokers, requiring them to report gross proceeds to the IRS starting in 2026

including DAOs and certain wallet providers—or to create them... Emily Wilkins / @emrwilkins : US Treasury and IRS out with a new proposed rule today on taxing crypto and digital a...

View original
There is a lot in here and this is just an initial take... we'll be going through it throughout the day. I encourage people to read this proposal and submit comments because it gets to core issues of open access and decentralization relevant to the entire technology.
2023-08-26 View on X
Wall Street Journal

The US Treasury proposes new rules that would treat crypto exchanges more like stockbrokers, requiring them to report gross proceeds to the IRS starting in 2026

including DAOs and certain wallet providers—or to create them... Emily Wilkins / @emrwilkins : US Treasury and IRS out with a new proposed rule today on taxing crypto and digital a...

View original
2021-10-29
1/ 🚨 Long-ish thread on the crypto + DeFi guidance issued by the Financial Action Task Force. tl:dr, it's not great. My initial read is that the FATF sees a world in which permissionless + decentralized systems are—at best—suppressed. https://www.fatf-gafi.org/...
2021-10-29 View on X
Wall Street Journal

Global money laundering watchdog FATF releases guidelines that could force crypto companies to check customers' identities and report suspicious transactions

at best—suppressed. https://www.fatf-gafi.org/... Patrick Hansen / @paddi_hansen : 1/ There it is: the FATF has updated its guidance for #Crypto and #DeFi. It seems the FATF wants ...

View original
8/ Preventing the creation of software that does not fit neatly into existing regimes is not a “tech neutral” approach (+ may be of questionable constitutionality in the US)
2021-10-29 View on X
Wall Street Journal

Global money laundering watchdog FATF releases guidelines that could force crypto companies to check customers' identities and report suspicious transactions

at best—suppressed. https://www.fatf-gafi.org/... Patrick Hansen / @paddi_hansen : 1/ There it is: the FATF has updated its guidance for #Crypto and #DeFi. It seems the FATF wants ...

View original