TechFlow reported on December 28 that, according to financefeeds, the Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset transactions, bringing decentralized finance (DeFi) platforms into the existing tax framework. The rule will take effect in 2027 and will mandate brokers to disclose transaction details, including total proceeds and taxpayer information. Brokers must begin collecting and reporting data starting in 2026. The IRS estimates that between 650 and 875 DeFi brokers will be affected, potentially impacting up to 2.6 million taxpayers. These regulations primarily target "trading front-end service providers," such as decentralized exchanges (DEXs) that facilitate digital asset trading. According to the IRS, these platforms act as intermediaries, and classifying them as brokers will help ensure tax compliance.
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