Mastering Crypto Payroll Compliance for Startups
Man, the crypto world is wild, right? And as it keeps changing, so do the rules. Startups in the prediction market space are finding themselves with more and more compliance headaches. But don’t worry, I’ve got some insights into how to tackle this crypto payroll compliance conundrum.
Shifting Regulatory Landscape
So, the regulatory scene is in flux, especially here in the U.S. Startups in the prediction market sector are bracing for stricter compliance rules – think tax reporting and operational transparency. Starting January 1, 2025, we’ll see the introduction of Form 1099-DA. This is going to change how exchanges report transactions, and by extension, how startups handle payroll. The form will detail gross proceeds and cost…
