The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for decentralized finance brokers, along with transition relief.
The IRS and U.S. Treasury have finalized a controversial new rule requiring DeFi platforms to implement KYC procedures and report user transactions, treating them as traditional brokers.
I’m WendyO with The Street and Roundtable, and today I've got my own personal CPA Scott Martin to explain a new rule from the IRS and U.S. Treasury that would essentially ban DeFi. The U.S ...