The IRS has issued new requirements for U.S. banks and fintech companies handling USDC. These institutions must now maintain timestamped records of all USDC transactions and file them with tax authorities. This regulatory move represents a significant step toward greater transparency and compliance oversight in the stablecoin ecosystem. The requirement applies to any U.S.-based financial entity receiving or processing USDC transactions, marking a shift in how digital currency activities are tracked and reported to federal agencies.
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ForumMiningMaster
· 2025-12-17 01:29
The IRS is starting to target stablecoins again, now USDC users will have to honestly pay taxes.
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BoredApeResistance
· 2025-12-17 01:28
Here we go again, the IRS is targeting USDC. What more do you want in privacy...
The IRS has issued new requirements for U.S. banks and fintech companies handling USDC. These institutions must now maintain timestamped records of all USDC transactions and file them with tax authorities. This regulatory move represents a significant step toward greater transparency and compliance oversight in the stablecoin ecosystem. The requirement applies to any U.S.-based financial entity receiving or processing USDC transactions, marking a shift in how digital currency activities are tracked and reported to federal agencies.