How to prepare for 2022 tax season and potential crypto regulation

It’s been a record year for the cryptocurrency market, which surpassed $3 trillion in value in November. Top cryptocurrencies like bitcoin and ether also hit all-time highs.

This mainstream adoption led to an increased focus on cryptocurrency regulation from lawmakers. Throughout the year, they debated framework on investor protections, taxes and more. Because of this, further regulation is likely to come.

If you were among the many trading cryptocurrency or other digital assets this past year, here are three things to do now to prepare, starting with how to get ready for the upcoming tax season.

1. Get organized

2. Start tracking

3. Be aware of upcoming regulation

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