Cryptocurrency Q&A Does PancakeSwap report to the IRS?

Does PancakeSwap report to the IRS?

Caterina Caterina Wed Jul 31 2024 | 7 answers 2005
I'm curious to know if PancakeSwap, a popular decentralized exchange on the Binance Smart Chain, is required to report any transactions or user data to the Internal Revenue Service (IRS) in the United States. Given the decentralized and often anonymous nature of cryptocurrency transactions, does PancakeSwap have any obligations to comply with tax reporting regulations set by the IRS? It's important to understand the legal implications of using decentralized exchanges for tax purposes, so any insights you can provide would be greatly appreciated. Does PancakeSwap report to the IRS?

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