LexLine #172 - KYC & IRS Digital Asset Broker Regs

Attorney Jason Schwartz is a tax partner & digital assets co-head at the law firm of Fried Frank. On this episode of LexLine we discussed proposed IRS/Treasury digital asset broker reporting regs that, if approved, would essentially require every user to KYC their personal identifying information to any qualifying digital broker asset platform. This proposed reg raises significant privacy and personal user data security concerns. Here's a link for more on these proposed Treasury regs. https://defidefenselawyer.com/images/pdf/guide-to-proposed-digital-asset-broker-regulations.pdf