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What are the benefits of using an IRS TIN matching tool for cryptocurrency exchanges?

avatarFletcher PedersenNov 24, 2021 · 3 years ago1 answers

Why should cryptocurrency exchanges use an IRS TIN matching tool? How does it benefit them?

What are the benefits of using an IRS TIN matching tool for cryptocurrency exchanges?
Cryptocurrency
IRS
TIN Matching Tool

1 answers

  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, we highly recommend cryptocurrency exchanges to use an IRS TIN matching tool. It's a crucial step towards ensuring compliance and building trust with your users. By verifying TINs, exchanges can demonstrate their commitment to following tax regulations and preventing fraud. It's a small investment that can have a big impact on the reputation and success of your exchange. Don't overlook the importance of using an IRS TIN matching tool, it's a game-changer in the world of cryptocurrency exchanges.

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