According to market sources, the U.S. Treasury Department has withdrawn the cryptocurrency broker reporting requirement. [Odaily Planet Daily]

On July 11 (UTC+8), MetaEra reported on July 10 that the U.S. Treasury Department formally revoked a regulation on cryptocurrency broker reporting this Thursday. Previously, the U.S. Congress voted to repeal the regulation earlier this year, and President Trump signed it into effect in April. The regulation originally required decentralized cryptocurrency exchanges to report customer transaction information to the government, but people in the crypto industry believe that decentralized exchanges are mostly automated and it is difficult to meet the reporting requirements. (Source: PANews) [MetaEra]

The U.S. Treasury Department Formally Rescinds Cryptocurrency Broker Reporting Rule

July 10th, according to Bloomberg, the U.S. Treasury Department has officially scrapped the cryptocurrency broker reporting rule. The rule originally required decentralized cryptocurrency exchanges to report customer transaction information to the U.S. government for tax purposes. Earlier, U.S. congressional Republicans voted to repeal the rule through the "Congressional Review Act," which was signed into law by President Trump in April this year. [BlockBeats]

The U.S. Treasury Department has officially rescinded the cryptocurrency broker reporting rule.

On July 10, Bloomberg reported that the U.S. Treasury Department has formally rescinded the cryptocurrency broker reporting rule.

The rule originally required decentralized cryptocurrency trading platforms to report customer transaction information to the U.S. government for tax purposes. Previously, Republicans in the U.S. Congress had passed a vote to repeal it through the Congressional Review Act, and it was signed into effect by President Trump in April of this year. [BlockBeats]

The U.S. Treasury Department Officially Rescinds Cryptocurrency Broker Reporting Rule

On July 10, Bloomberg reported that the U.S. Treasury Department has formally rescinded the cryptocurrency broker reporting rule. The rule originally required decentralized cryptocurrency trading platforms to report customer transaction information to the U.S. government for tax purposes. Previously, U.S. Congressional Republicans had passed the Congressional Review Act to abolish it, and it was signed into effect by President Trump in April of this year. [BlockBeats]

On July 10, according to Bloomberg, the U.S. Treasury Department formally revoked the reporting rules for cryptocurrencies. The rule originally required decentralized cryptocurrency exchanges (DeFi) to report customer transaction information to the U.S. government for tax purposes. Previously, Republican members of the U.S. Congress had passed the Congressional Review Act to abolish these rules, and it was signed into effect by President Trump in April of this year. [Deep Tide TechFlow]

According to Bloomberg, the U.S. Treasury Department has formally repealed the cryptocurrency broker reporting rule, which was voted to be repealed by the U.S. Congress earlier this year. [Foresight News]

The U.S. Treasury Department Formally Abolishes Cryptocurrency Broker Reporting Rules

Market news: The U.S. Treasury Department has rescinded the cryptocurrency broker reporting requirement

据市场消息，美国财政部已撤回对加密货币经纪商的报告要求。[Odaily Planet Daily]

市场新闻：美国财政部已取消了对加密货币经纪商的报告要求

據市場消息，美國財政部已撤回對加密貨幣經紀商的報告要求。[Odaily Planet Daily]