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Cryptoladdess

@cryptoladdess

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You'll want to know that congress has overturned the IRS's broker reporting rules for decentralized finance platforms. I have compiled what you need to know: 1. Congress has overturned the Internal Revenue Service's (IRS) broker reporting rules for decentralized finance platforms through the passage of H.J. Res. 25. This resolution, enacted under the Congressional Review Act (CRA), nullifies the IRS's previous attempt to impose traditional financial reporting requirements on some participants in Defi. 2. The now defunct regulations, outlined in Treasury Decision (T.D.) 10021, would have birthed compliance obligations for DeFi platforms by classifying them as financial brokers. Under these rules, the platforms would have been required to file Form 1099-DA for user transactions and report customer information to the IRS. The regulations targeted services facilitating digital asset trades but exempted validators and non-custodial wallet providers. What's the effect?
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Hi guys, so I did a little research into crypto advertising policies across major digital platforms, and here’s what I found. Policies shift often, and each platform has its own complexity, so staying compliant means keeping up. X (formerly Twitter) X enforces country-specific licensing rules, meaning advertisers must confirm regional compliance before running campaigns. While they allow ads for smart contracts, NFT marketplaces, and licensed crypto services, promotions for ICOs and crypto mining are outright banned. It is worthy to note that crypto ads are blocked entirely in several countries due to local regulations. Under Elon Musk’s ownership, enforcement has loosened slightly (some previously banned accounts are back), but the core rules remain strict. You can check X’s latest help center updates, as geo-restrictions and allowed services can change.
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