YOMAEX Joins the Cryptocurrency Market, Leading the Compliance Path under New Tax Laws

  YOMAEX Joins the Cryptocurrency Market, Leading the Compliance Path under New Tax Laws As a globally renowned cryptocurrency exchange, YOMAEX has always been attentive to global regulatory trends and actively responds to various regulatory challenges in order to better serve our users. Recently, we have noticed that US legislators are urging the US Internal Revenue Service (IRS) and the Department of the Treasury to release tax reporting guidelines for cryptocurrency brokers. These tax reporting guidelines are part of the $1.2 trillion infrastructure bill passed by the US Senate in August 2021, which expands the current tax reporting requirements for companies acting as cryptocurrency "brokers". Although the bill has been signed into law and the White House completed its review of the regulations in May, the Treasury Department and the IRS have yet to release these rules, which will be implemented this year. Regarding this important regulatory development, YOMAEX is well aw