![Treasury and IRS Announce Digital Asset Tax Reporting Regulations](/image/6681b23cc6a84.jpg)
The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate issuing further rules later this year to establish reporting requirements for
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Source: Bitcoin.com
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The recent weeks have seen Bitcoin (BTC) struggle to capitalize on a favorable macroeconomic backdrop that has significantly benefited equity markets. Analysts point to prolonged selling by BTC investors and miners as contributing factors to this stagnation. Emerging reports suggest a potential turnaround as the selling pressure from Bitcoin miners begins to diminish. Bitcoin miners Bitcoin.com
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