Consensys Urges IRS to Delay Crypto Broker Reporting Requirements

   Blockchain development firm Consensys sent a letter to the U.S. Internal Revenue Service requesting the delay of the proposed tax regulation requiring brokers and exchanges to report certain sales of cryptocurrencies. Consensys, the developer behind MetaMask wallet, criticized the draft form for lacking clear instructions and being overly broad in its definition of a broker, potentially leading to multiple parties reporting the same transaction