The Internal Revenue Service (IRS) is significantly enhancing its cryptocurrency expertise by hiring former executives from the digital asset sector, including notable positions from Binance US, ConsenSys, and TaxBit. Among the hires is Sulolit "Raj" Mukherjee. These strategic hires aim to bolster the IRS's capabilities in understanding, reporting, and regulating cryptocurrency and digital assets. The move comes as the IRS is finalizing regulations that will mandate crypto brokers and exchanges to report customer transaction details to the U.S. government. This initiative is part of the IRS's broader effort to tackle the surge in cryptocurrency-related cases.
IRS taps into strategic hires from private sector to improve crypto tax enforcement https://t.co/jN1Orm8UpO
Breaking 🚨🚨 IRS Hires Former Binance . US Exec to Beef Up Crypto Expertise 👀
The Internal Revenue Service (IRS) is hiring employees from the crypto industry to improve its expertise in working with digital assets https://t.co/IgfZN9V4uc
The IRS has recruited former executives from ConsenSys, Binance US, and TaxBit and is drafting final regulations that will require crypto brokers and exchanges to report details of customer transactions to the U.S. government. The IRS is currently dealing with a surge in cases…
The IRS is turning to experts from the private sector, including a former executive for Binance's US unit, to help carry out its crypto initiatives. https://t.co/6tgdgspKfv
JUST IN: IRS HIRES FORMER @BINANCEUS EXEC FOR THEIR EXPERTISE
My latest @ForbesCrypto article focuses on IRS’ hiring of Sulolit "Raj" Mukherjee. “Seth and Raj expand our ability to understand this sector while designing systems for reporting of cryptocurrency and digital assets…” - @IRSnews Read article👇🏾 https://t.co/44Refig9yL
The IRS is hiring two former digital-asset executives, including one who worked at Binance’s US unit, to help beef up its crypto expertise. https://t.co/UwkF8mXZBt
SEC lawyers who helped build the regulatory case against crypto are now switching sides and advising companies on how to defend against it. https://t.co/wJX6VTG7qk