United States of America: Implemented IRS regulations on reporting requirements for digital asset transactions by brokers
Description
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…
Scope
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), DLT development
Implementation Level
national
Government Branch
executive
Government Body
tax authority
Complete timeline of this policy change
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2024-12-30
adopted
2025-02-28
in force