Starting in 2027, DeFi platforms must report gross proceeds from crypto sales and collect user details like names and addresses.
The IRS now includes non-custodial wallets, smart contracts, and DeFi tools as brokers under the 2021 Infrastructure Act.
Critics argue the rules challenge DeFi’s principles of privacy and autonomy, making compliance difficult for decentralized platforms.
IRS Targets DeFi Platforms with New Reporting Rules
The U.S. Internal Revenue Service has recently released a new tax regulation that is going to affect decentralized finance platforms from 2027. The regulations require DeFi brokers to report all the gross proceeds from the sale of digital assets and collect user information, which includes names and addresses.
The regulations are part of the 2021 Infrastructure Investment and Jobs Act, which aims to close tax loopholes in the crypto industry by expanding the definition of “broker” under section 6045 of the Internal Revenue Code.
This cove
We współpracy z: https://thenewscrypto.com/what-do-the-new-irs-rules-mean-for-defi/
