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
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…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
tax authority
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…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
tax authority