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Description

Introduced Senate Bill S.4751 outlining digital asset reporting requirements

On 3 August 2022, the Bill 4751 outlining exemptions from digital asset transactions reporting requirements was introduced in the United States Senate. In particular, the Bill provides a definition for “broker” and states that entities providing mining services, selling or developing software based on distributed ledger technology for the purpose of facilitating access to digital assets are not required to report to the authorities any digital asset transactions.

Original source

Scope

Policy Area
Taxation
Policy Instrument
Direct taxes incl. digital service taxes
Regulated Economic Activity
DLT development
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2022-08-03
under deliberation

On 3 August 2022, S.4751, a bill to clarify reporting requirements for digital assets, was introduc…

2022-08-03
under deliberation

On 3 August 2022, the Bill 4751 outlining exemptions from digital asset transactions reporting requ…