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US 2004O15347OA1(19) United States(12) Patent Application Publication (10) Pub. No.: US 2004/0153470 A1 McLintock(43) Pub. Date:(54) METHOD FOR AUTOMATICALLYAug. 5, 2004Publication ClassificationGENERATING
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The cryptocurrency system using body refers to a regulatory framework that governs the reporting and compliance of cryptocurrency transactions and holdings by individuals and entities, particularly for tax purposes.
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Individuals and entities that engage in cryptocurrency transactions, such as buying, selling, or trading cryptocurrencies, and those that hold significant cryptocurrency assets may be required to file under this system.
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The information that must be reported includes transaction dates, the nature of the transactions, amounts of cryptocurrencies involved, the fair market value at the time of each transaction, and any related fees.
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