The Treasury and IRS have announced an extension of two weeks for the comment period on its proposed crypto reporting regulations. The final date for feedback has been extended to mid-November in response to the rule’s significant public interest since its August announcement. The proposed regulations focus on defining “brokers” in the crypto industry, including trading platforms, payment processors, digital asset-hosted wallet providers, and individuals who redeem digital assets the IRS has announced an update in the Federal Register.
Source: Wayne Jones, 2023-10-28; https://cryptopotato.com/irs-extends-comment-period-for-crypto-reporting-regulations-amid-public-interest-surge/