Building Wealth With Tomii Academy

Building Wealth With Tomii Academy

Share this post

Building Wealth With Tomii Academy
Building Wealth With Tomii Academy
Media Continues to Report Future Crypto Regulations as Crypto Price Positive. They Will Not Be.

Media Continues to Report Future Crypto Regulations as Crypto Price Positive. They Will Not Be.

This the first subscription content piece. More will follow.

John Kim's avatar
John Kim
Apr 11, 2022
∙ Paid

Share this post

Building Wealth With Tomii Academy
Building Wealth With Tomii Academy
Media Continues to Report Future Crypto Regulations as Crypto Price Positive. They Will Not Be.
Share

At the start of April this month, US Treasury Secretary Janet Yellen stated, “Taxpayers should receive the same type of tax reporting on digital asset transactions that they receive for transactions in stocks and bonds, so that they have the information they need to report their income to the IRS.”  This statement was just a slick way to state that all cryptocurrency exchanges will be required in the future, like all brokerage firms, to track and identify all trades made on their exchanges to a registered buyer so they can send them a year-end statement of their profits/losses.

Keep reading with a 7-day free trial

Subscribe to Building Wealth With Tomii Academy to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 J. Kim
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share