Follow UsCME's Duffy warns an overlooked tax risk looms over U.S. perpetual futures
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30 Jul, 14:33
Source: CoinDesk
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CME CEO warns that unresolved court classification of perpetual futures as swaps or futures could create IRS tax uncertainty for the derivatives market.
CME CEO Terry Duffy said a court battle over whether perpetual futures are swaps or futures could eventually affect how the IRS taxes the contracts. Independent legal experts say the issue remains unresolved.