Blockchain advocates immediately challenged the final regulations imposing IRS reporting obligations on DeFi participants.

KYC and IRS tax reporting are coming to DeFi platforms as a result of the newly released DeFi broker tax regulations.

IRS issued much anticipated final regulations on DeFi informational reporting on December 27, 2024. This clarifies ...

The Internal Revenue Service (IRS) has posted final regulations regarding information reporting by brokers who affect ...

The IRS’s new rules classify DeFi platforms as brokers and mandate KYC and transaction reporting. DeFi services must choose ...

Initially set to take effect in 2025, the regulations focus on determining the cost basis for cryptocurrencies on centralized ...

The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for ...

IRS classifies DeFi platforms as brokers, requiring KYC and reporting. The industry has to deal with compliance and blocking ...

The IRS is going after decentralized finance (DeFi) brokers with a vendetta. If left, starting in 2027, these brokers will be ...

Three crypto industry groups — the DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council — are ...

The recent Internal Revenue Service (IRS) reporting rule designating decentralized finance (DeFi) front-ends as brokerages ...

The Blockchain Association has filed a lawsuit against the Internal Revenue Service (IRS) over its new regulations for the ...