On April 19, the U.S. Internal Revenue Service (IRS) released the first draft tax form specifically for digital asset transactions, 1099-DA, which is intended to report digital asset gains from broker transactions.
JinseFinanceThere’s a lot of discussion about cryptocurrency investors and tax compliance, but one yes or no question may be surprisingly important.
JinseFinanceThe IRS has released a draft 1099-DA tax form, which experts warn will allow for large-scale collection of Bitcoin trader identities and transfer data from encrypted wallet addresses.
AlexBeginning January 1, 2025, brokers, digital trading platforms, payment processors, and custodial wallet providers must issue this form for all digital asset sales or trades.
JinseFinanceIn the future, Celestia will be able to enjoy the incremental market gains brought by the dual trend of modularization + application chain, while EigenDA will gain more access to the Ethereum-based stock market that has higher security requirements.
JinseFinanceThe DA layer ensures data availability in the network. This enables transaction verification and execution to occur at different levels, thereby improving the overall efficiency of the system.
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JinseFinanceDespite the controversy over the definition of Layer 2, the Ethereum upgrade is still focused on Rollup, of which DA is the key.
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