Yes. If you earned at least $600 through staking or Learn and Earn rewards, Binance.US issues 1099-MISCs and reports to the IRS . These kinds of incomes are classified as ordinary income.
Read moreWhy is Binance being banned?
Financial watchdogs around the world have placed Binance under scrutiny in recent months, citing concerns over the use of cryptocurrencies in money laundering and the high-risk nature of its products .
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