The government officials asked more than once how digital assets that may not be financial in nature, such as most non-fungible tokens (NFTs), could be separated out, and whether brokers could be in a position to identify them. Marisa Coppel, a lawyer with the Blockchain Association, said she thought that would be possible, especially if the IRS narrows what it considers a “broker” to only include the centralized exchanges.

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Author: Jesse Hamilton

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