Alison Mangiero, executive director the Proof of Stake Alliance (POSA), says confusion around the term “staking” has led to greater regulatory scrutiny.
on taxation of digital assets with a section devoted to the taxation of staking rewards. Industry leaders and trade groups including POSA, the Blockchain Association, CCI, Polygon Labs, Coin Center, and others solidified the near universal agreement of industry that staking rewards should be taxed like all other created property: at the time of sale, not at the time of creation.
All of this to say: There has been a lot of regulatory action in this space recently but there is a lot that remains unclear. What is clear is that there is an increased need for better explanations about how this technology works, what staking is and why it matters.PoS blockchains, like Ethereum, enable all token-holders, not just those with industrial-scale computer systems, to benefit from securing and in many cases governing the network.
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