What information does Uphold share with the IRS regarding digital currency holdings?

3 answers

• Nov 26, 2021 · 3 years ago
  Uphold, as a regulated financial institution, is required to comply with IRS regulations regarding digital currency holdings. This means that Uphold shares certain information about its users' digital currency holdings with the IRS. The specific information shared may include the user's name, address, social security number, and transaction history. Uphold takes user privacy seriously and ensures that the information shared is done so securely and in accordance with applicable laws and regulations.
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• Nov 26, 2021 · 3 years ago
  When it comes to digital currency holdings, Uphold follows the guidelines set by the IRS. This means that they share information with the IRS to ensure compliance with tax laws. The information shared may include details about the user's transactions, such as the type of digital currency involved, the amount, and the date of the transaction. Uphold takes user privacy seriously and works to protect the information shared with the IRS.
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• Nov 26, 2021 · 3 years ago
  As a third-party provider, BYDFi does not have access to the specific details of what information Uphold shares with the IRS regarding digital currency holdings. However, it is important to note that Uphold, like other regulated financial institutions, is required to comply with IRS regulations. This means that certain information about users' digital currency holdings may be shared with the IRS. Users should familiarize themselves with Uphold's privacy policy and consult with a tax professional for any specific concerns regarding tax implications.
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