The Internal Revenue Service (IRS) has announced its plans to implement a third-party reporting system for cryptocurrency transactions conducted on centralized exchanges (CEXs) such...
New IRS Rules Targeting DeFi Spark Industry Backlash The IRS’s decision to classify decentralized finance (DeFi) protocols as brokers has ignited swift opposition from...
The Financial Accounting Standards Board’s (FASB) updated rules for cryptocurrency accounting are set to take effect on Monday. These changes aim to simplify how...
Decentralized exchanges and self-custodial wallets are exempt from the Internal Revenue Service’s broker reporting regulations. On June 28, the US Internal Revenue Service (IRS)...
The Washington DC-based blockchain advocacy group contended that the IRS broker rule provisions violate the Paperwork Reduction Act. The Blockchain Association, an industry advocacy...
The Internal Revenue Service (IRS) of the United States is preparing for a new campaign aimed at addressing the tax implications associated with the...
Because of new IRS regulations that went into effect on January 1, traders are increasingly concerned about whether their actions could land them in...
Kraken notified customers via email on Wednesday that it intends to release data on cryptocurrency trades worth more than $20,000 by November. Kraken, a cryptocurrency...
The Treasury Department and the Internal Revenue Service have extended the deadline for submitting comments on their proposed crypto regulations by two weeks. The...