📣 Coinbase Challenges IRS Tax Proposals
posted 13 Oct 2023
Coinbase has voiced major reservations about the tax guidelines put forth by the US Internal Revenue Service (IRS).
The exchange points to numerous concerns, such as excessive and cumbersome reporting requirements, potential infringements on users' privacy rights, misalignment with traditional financial services, lack of technical neutrality, and more.
In its letter to the IRS, Coinbase stated that these regulations would lead to "an unprecedented, unchecked, and unlimited tracking on the daily lives of Americans."
The exchange points to numerous concerns, such as excessive and cumbersome reporting requirements, potential infringements on users' privacy rights, misalignment with traditional financial services, lack of technical neutrality, and more.
In its letter to the IRS, Coinbase stated that these regulations would lead to "an unprecedented, unchecked, and unlimited tracking on the daily lives of Americans."
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