IRS Finalizes New Crypto Reporting Rules to Ensure Accurate Taxation on Bitcoin and Digital Assets

The Biden administration has introduced new reporting requirements for cryptocurrency platforms to ensure accurate tax filings on digital asset transactions. On Friday, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalized rules mandating that crypto brokers report digital asset sales and exchanges starting in 2025. These regulations target custodial trading platforms,

Source: CoinOtag