Coinbase Warns Proposed Crypto Tax Rules Could Enable Surveillance and Stifle Innovation
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Coinbase legal chief warns proposed crypto tax rules could enable excessive government surveillance.
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Rules require reporting of nearly all digital asset transactions, which he says lacks public benefit.
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Regulations could disadvantage crypto compared to traditional finance.
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Rules could overburden startups and the IRS with reporting requirements.
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Debate highlights balancing act between tax compliance and fostering innovation.
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