CryptoNewsBreaks – IRS Invites Number of Undisclosed Crypto Startups to DC “Summit” Next Month

February 19, 2020 14:14:44

A recent CoinDesk article discusses an upcoming March 3, 2020, summit to which the Internal Revenue Service has invited a number of undisclosed crypto startups to discuss its existing approach to taxing cryptocurrencies as well as enforcement efforts. The news was first reported by Bloomberg Tax on Tuesday, and an IRS spokesperson has confirmed the summit is scheduled for next month. To be held at IRS’s Washington, D.C. headquarters, the summit will consist of four panels, with panelists yet to be finalized, that address technology, issues faced by exchanges, tax returns and regulatory compliance. “My understanding of the event is this is going to be something where the IRS is going to use this as an opportunity to learn from [participants] in the ecosystem but [it] may help inform IRS’s thinking,” Kristin Smith, executive director of the Blockchain Association advocacy group, told CoinDesk, pointing to compliance with existing regulation and guidance as one area on which the agency is focused. The article further reads, “While the IRS has not explicitly said the summit will inform its future guidance, Smith said she hopes the agency will use the information it gathers from the event to develop better regulatory frameworks around cryptocurrency moving forward.”

To view the full article, visit

About CoinDesk

CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system. Its mandate is to inform, educate, and connect the global investment community through news, data, events and education. For more information, visit

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

To receive instant SMS alerts, text CRYPTO to 77948 (U.S. Mobile Phones Only)

CryptoCurrency News Wire is where News, content and information converge via Crypto.

For more information, please visit

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published:

CryptoCurrencyWire (CCW)
New York, New York
212.994.9818 Office

CryptoCurrencyWire is part of the InvestorBrandNetwork.