Blockchain advocates immediately challenged the final regulations imposing IRS reporting obligations on DeFi participants.

KYC and IRS tax reporting are coming to DeFi platforms as a result of the newly released DeFi broker tax regulations.

IRS issued much anticipated final regulations on DeFi informational reporting on December 27, 2024. This clarifies ...

IRS classifies DeFi platforms as brokers, requiring KYC and reporting. The industry has to deal with compliance and blocking ...

Three crypto industry groups — the DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council — are ...

The IRS’s new rules classify DeFi platforms as brokers and mandate KYC and transaction reporting. DeFi services must choose ...

The latest DeFi guidelines are set to take effect on January 1, 2027. The crypto community has taken to social media to ...

The U.S. Internal Revenue Service (IRS) issued final regulations requiring brokers to report digital asset transactions, ...

The US IRS wants DeFi protocols to take user's KYC and report transactions for tax purposes, driving kickback from the DeFi ...

Galaxy Digital head of research Alex Thorn lays out 3 potential options for decentralized finance front ends if the recent ...

A prominent nonprofit crypto advocacy group is filing a lawsuit to dispute new reporting rules for decentralized finance ...

The Blockchain Association has filed a lawsuit against the IRS over new DeFi regulations, challenging broker classification ...