Crypto Industry Battles to Exempt NFTs, DeFi From Tax Reporting Rules

Attempting to include decentralized finance (DeFi) applications could also be premature, Zlatkin said. “Maybe we should wait until they fit the parameters more readily,” he said, citing DeFi systems that don’t have anyone who could be deemed in control, and maybe don’t even see themselves as having customers. “We should focus on what we know.”

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