Just happened to answer together.

CN
Phyrex
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1 year ago

Just answered together

First: This is not a draft; it has already been approved and is an issued interpretation. Therefore, there is no question of approval. It will be implemented 60 days after the announcement date, but there will be a transition period from 2025 to 2026, during which there will be some leniency, although the extent is unknown. So, there is no question of whether it passes or not; additionally, this is content from the Biden administration, which has been under discussion since around 2021.

Trump had the ability to abolish it, but of course, congressional support is still needed.

Second: If there is KYC, it will be a very troublesome matter. No KYC tax is one aspect. On the other hand, there is the secrecy of assets. With KYC in place and the need to report, let's put it this way: if you earned 10,000 Sol on Meme, the Treasury knows, the tax department knows, what do you think you would do?

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