"There's tens of billions of dollars of uncollected taxes on the crypto side, so hence why you have the Treasury Department and IRS pretty motivated there." - Lindsey Argalas (CEO, TaxBit)Tax season might be over, but the accounting and tax industry at the intersection of web3 is just starting to heat up.  In this episode,  Ian Andrews (CMO, Chainalysis) speaks with Lindsey Argalas (CEO, TaxBit) discusses the innovative tools and solutions TaxBit offers for both consumers and enterprises in the crypto space, while highlighting the importance of compliance and regulatory clarity. She discusses the proposed tax and accounting regulations from the IRS and MiCA and the tax implications of real world asset tokenization and the promising developments in accounting standards that benefit companies holding digital assets. Lindsey also highlights the collaborative work that TaxBit is doing with the IRS to support the complex data that is being obtained for accounting / tax purposes and the company’s partnerships with companies like PayPal and Block. Minute-by-minute episode breakdown 2 | Lindsey’s early start in crypto at Santander Bank and the delineation between crypto and blockchain 7 | Real-time tax KYC Explainer and new accounting tools and customer insights  12 | The IRS proposed broker rules and the impact of regulations on digital assets in the EU and US 15 | Understanding the EU regulatory framework and introduction of DAC8 alongside MiCA 18 | International tax and accounting standards and Global Expansion | 23 | The emergence of Real World Asset Tokenization (RWA) and the tax and accounting implications 27 | Collaboration with Government Agencies like the IRS and other Global Tax Enforcement Agencies  29 | Looking ahead at the web3 industry for 2024 and beyond Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: TaxBit: Modern Tax and Accounting Compliance Blog: Insights & Thoughts about Future Legislation Arising from the 1099-DA Blog: Navigating Upcoming Tax Regulation Timelines for the US & EU Article: Tokenizing real-world assets: Start small, solve problems, drink milk Event: TraceDC (July 16-17) The leading public sector event of the cryptocurrency ecosystem Blog: Public Sector Survey Preview: The 2024 State of Cryptocurrency Investigations Report YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Lindsey Argalas (CEO, TaxBit) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an