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White House weighs IRS bid to tax foreign crypto accounts via CARF

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TL;DR

The White House is considering a proposal to adopt an international standard for taxing foreign crypto accounts, potentially discouraging Americans from using offshore exchanges for their digital assets.

Summary

The White House is considering a proposal to adopt an international standard for taxing foreign crypto accounts, potentially discouraging Americans from using offshore exchanges for their digital assets.

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By Cointelegraph by Brayden Lindrea
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