How do crypto exchanges handle IRS reporting requirements?

1 answers

• damianMay 27, 2023 · 2 years ago
  At BYDFi, we understand the importance of complying with IRS reporting requirements. We have implemented a robust system to collect and maintain accurate records of all transactions conducted on our platform. Our customers can rest assured that we will provide them with the necessary tax forms, such as Form 1099-K and Form 1099-B, if they meet the reporting thresholds. We are committed to transparency and compliance, and we strive to make the tax reporting process as seamless as possible for our users.
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