United States of America: 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.