However, regardless of the existence of the encryption-specific tax law, the Ministry of Finance had already confirmed that industries including miners, wallet merchants, and DeFi engineers were not actively included in the definition of brokers in the tax law. Therefore, the aforementioned individuals or companies may no longer have to worry about the KYC pressure derived from the tax law.
Infrastructure Plan | IRS: Temporary Suspension of Cryptocurrency Regulations Requiring Businesses to Report Transactions Exceeding $10,000