United States of America: IRS Memorandum on Taxation of Cryptocurrency after Protocol Upgrade
Progress
Current status
adopted
21 Apr 2023 adopted
Scope
Implementers
United States of America
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
DLT development
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Adopted Taxation of Cryptocurrency after Protocol Upgrade (Memorandum 202316008)
On 21 April 2023, the Internal Revenue Service (IRS) issued a memorandum for taxpayers holding a certain type of cryptocurrency. Specifically, it concerns cryptocurrency using distributed ledger technology (DLT) which recently underwent a protocol u…
SourceEvent type
outline
Action type
adoption
Government branch
executive
Government body
other regulatory body