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I guess I don’t understand what the amendment actually does. If you’re a crypto miner, you already have to report your own income from that activity to the gove
by tfehring 5y ago
I guess I don’t understand what the amendment actually does. If you’re a crypto miner, you already have to report your own income from that activity to the government; failure to do so is already a crime, namely tax evasion. And if you’re not a custodian, by definition your own activity is the only activity that you have data on, right? What new reporting does this actually mandate?
- flyingfences 5y agoThis mandates miners (and developers, and others who are not custodians) reporting data on others that they do not and cannot have.
- tfehring 5y agoRight, that's what the article says, but what specific data would they be required to report and in what context?