United States of America: Internal Revenue Service's regulations on reporting requirements for digital asset transactions by brokers was terminated
Description
Internal Revenue Service's regulations on reporting requirements for digital asset transactions by brokers was terminated
On 11 July 2025, the United States Department of the Treasury and the Internal Revenue Service (IRS) formally removed from the Code of Federal Regulations the final rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effe…
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