IRS Establishes Safe Harbor for Crypto ETP Staking
IRS Establishes Safe Harbor for Crypto ETP Staking
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The Internal Revenue Service (IRS) has issued new guidance, creating a safe harbor provision for Exchange Traded Products (ETPs) that engage in the staking of digital assets. This move by the IRS aims to provide clarity and a regulatory framework for ETPs operating in the crypto space.
The Internal Revenue Service issued guidance to create a safe harbor for ETPs to stake digital assets on Monday.