US Tax Agency to Regulate DeFi Platforms as Brokers, Mandates Gross Proceeds Reporting

The IRS has officially brought decentralized finance (DeFi) platforms into its regulatory purview, declaring that front-end service providers facilitating digital asset transactions meet the definition of brokers.

Dec 27, 2024 - 18:08
US Tax Agency to Regulate DeFi Platforms as Brokers, Mandates Gross Proceeds Reporting
DeFiThe IRS has officially brought decentralized finance (DeFi) platforms into its regulatory purview, declaring that front-end service providers facilitating digital asset transactions meet the definition of brokers.

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