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Congress might be about to apply crypto brokers to send even more client info to the Internal Revenue Service.
This comes as the brand-new Senate Framework expense has language that could affect crypto investors in the UNITED STATE, while being obscure concerning what makes up a "broker.".
Frank Holmes, CEO of U.S. Global Investors and also exec chairman of Hive Blockchain, goes over the implications of this Framework expense with David Lin, support for Kitco News.
Adhere To David Lin on Twitter: @davidlin_TV ().
Adhere To Frank Holmes on Twitter: @bulldogholmes ().
0:00 – IRS as well as crypto.
6:38 – The metaverse.
13:05 – Gold.
#bitcoin #crypto #gold.
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Are crypto investors about to pay more taxes? Frank Holmes on new IRS rules, gold, metaverse
Congress may be about to enforce crypto brokers to submit more client information to the Internal Revenue Service.
This comes as the new Senate Infrastructure bill contains language that could affect crypto investors in the U.S., while being vague about what constitutes a “broker.”
Frank Holmes, CEO of U.S. Global Investors and executive chairman of Hive Blockchain, discusses the ramifications of this Infrastructure bill with David Lin, anchor for Kitco News.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Frank Holmes on Twitter: @bulldogholmes (https://twitter.com/bulldogholmes)
0:00 - IRS and crypto
6:38 - The metaverse
13:05 - Gold
#bitcoin #crypto #gold
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
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