Crypto platforms are required to report transactions to the IRS starting in 2026, streamlining tax reporting for digital assets. Decentralized platforms exempt from these regulations, focusing on custodial platforms like Coinbase.
IRS aims to combat tax evasion by ensuring digital assets are not used to hide taxable income. The Blockchain Association applauds the exclusion of decentralized brokers from regulations, calling it a win for the industry.
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