Cryptocurrency Q&A Does CEX.IO report to IRS?

Does CEX.IO report to IRS?

OceanSoul OceanSoul Sun Aug 25 2024 | 0 answers 0
I'm curious to know if CEX.IO, as a leading cryptocurrency exchange platform, has any obligation or policy in place to report transactions to the Internal Revenue Service (IRS) in the United States. Given the increasing regulatory scrutiny on the crypto space, it's important for users to understand the tax implications of their transactions and whether exchanges like CEX.IO are assisting in tax compliance efforts. Do they proactively share transaction data with the IRS, or do they only do so upon request? Understanding the answer to this question can help investors navigate the complex world of cryptocurrency taxes more effectively. Does CEX.IO report to IRS?

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