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Lender Beware: The Potential DeFi Tax Trap

Uncle Sam may collect tax on every loan and repayment of cryptocurrency, which may catch users by surprise, creating a tax trap that could impair the rapidly emerging DeFi industry. This piece is part of CoinDesk's Tax Week.

Updated Jun 14, 2024, 6:12 p.m. Published Feb 24, 2022, 2:15 p.m.
(Francis MacDonald/Unsplash)
(Francis MacDonald/Unsplash)