The DeFi Education Fund has filed a lawsuit against the IRS over new tax rules for DeFi platforms requiring KYC and transaction data reporting for tax compliance ⚖️

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The DeFi Education Fund has filed a lawsuit against the IRS over new tax rules for DeFi platforms that require KYC and transaction data reporting for tax compliance. The lawsuit claims that these rules violate the law by imposing an excessive burden on developers and entrepreneurs. According to the plaintiffs, such measures could significantly slow down innovation in the DeFi space in the U.S., creating additional obstacles for startups. The lawsuit may affect the future development of the crypto industry in the country.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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