The $1 trillion infrastructure bill passed by the U.S. Senate includes new tax reporting requirements for the cryptocurrency industry that could impact privacy, Quartz reports. The bill requires a cryptocurrency “broker,” anyone responsible for transfers of digital assets, to report users’ names and addresses. Electronic Frontier Foundation Chief Program Officer Rainey Reitman said, “almost every company even tangentially related to cryptocurrency may suddenly be forced to surveil their users.”
11 Aug. 2021
US infrastructure bill could create privacy issue for cryptocurrency
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