When we want to understand the new IRS proposed regulations on digital asset brokers, Ian Andrews (CMO, Chainalysis) knows to speak to Roger Brown (Global Head of Tax Strategy, Chainalysis) before anyone else. 

Roger does an excellent job demystifying who is going to be captured by the proposed regs and defines key terms in the regulations such as brokers, digital asset middlemen and persons that will be impacted by the proposed legislation. 

He also dissects the impact of these new tax rules on crypto exchanges, payment processors, decentralized platforms, and even DAOs to and describes what facilitative services are that are material to being captured under the regs. 

Ian and Roger also discuss how travel rule requirements may be sufficient to satisfy tax rule reporting and highlight the importance of assessing effective KYC obligations.

• (2:13) - Overview of the recent IRS regulations on crypto tax reporting

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

• Report:  The Chainalysis 2023 Geography of Cryptocurrency Report (Available Now) 

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 

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