U.S. Treasury's Latest Regulations on Crypto Taxes: Broker Requirements Emphasized, Deferral for Non-Custodians

Friday, 28 June 2024, 20:15
The U.S. Treasury has introduced a new crypto tax regime for 2025, focusing on broker reporting. While rules for DeFi and unhosted wallets have been delayed, the IRS is actively evaluating thousands of comments to shape future regulations. This move signals the government's commitment to regulating the crypto industry with a balanced approach.
CoinDesk
U.S. Treasury's Latest Regulations on Crypto Taxes: Broker Requirements Emphasized, Deferral for Non-Custodians

U.S. Treasury's New Crypto Tax Regime

The IRS has finalized regulations for crypto brokers, emphasizing reporting requirements.

DeFi and Non-Custodian Wallets Rules Deferred

Rules for DeFi and non-custodian wallets are delayed as further study is ongoing.

Conclusion: The U.S. Treasury is taking steps towards regulated crypto practices while ensuring a thorough consideration of feedback.

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