U.S. Treasury issues new Cryptocurrency tax rules

The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025. The framework does not include decentralised finance and non-hosted wallets, although rules for those will come later in the year. Under the new framework, crypto brokers, hosted wallet services, and digital asset outlets must file 1099 tax […] source: https://coinjournal.net/news/u-s-treasury-issues-new-cryptocurrency-tax-rules/