Crypto Tax: DeFi To See Reporting Rules By The IRS
The U.S. Internal Revenue Service (IRS) has officially announced a new crypto tax regulation for the front-end service providers who identify as brokers in the Decentralized Finance (DeFi) industry. The regulation will come into effect from January 1, 2027, intended to create crypto taxes that are comparable to the traditional ones. The DeFi brokers must…