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United States of America: IRS regulations on reporting requirements for digital asset transactions by brokers

Progress

Current status
in force
28 Feb 2025 in force
27 Dec 2024 adopted

Scope

Implementers
United States of America
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
DLT development
Government Branch
executive
Government Body
tax authority
Implementation Level
national

Timeline of events

28 Feb 2025
in force

Implemented IRS regulations on reporting requirements for digital asset transactions by brokers

On 28 February 2025, the United States Internal Revenue Service's (IRS) regulations requiring brokers to report digital asset transactions enter into force. The rules expand the definition of brokers to include decentralised finance (DeFi) platforms…

Source
Event type order
Action type implementation
Government branch executive
Government body tax authority
27 Dec 2024
adopted

Adopted IRS regulations on reporting requirements for digital asset transactions by brokers

On 27 December 2024, the United States Internal Revenue Service (IRS) adopted regulations requiring brokers to report gross proceeds in digital asset transactions. The rules expand the definition of brokers to include decentralised finance (DeFi) pl…

Source
Event type order
Action type adoption
Government branch executive
Government body tax authority

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