IRS Extends Crypto Tax Reporting Deadline to 2026 Amid Industry Adaptation
The IRS has delayed new cryptocurrency tax reporting requirements until 2026, giving brokers more time to implement necessary systems. The postponement affects both centralized and DeFi platforms, impacting up to 2.6 million taxpayers while facing legal challenges from industry groups.
IRS Extends Crypto Tax Reporting Rules to 2026, Offering Relief to Exchanges and Investors
The IRS has announced an extension of cryptocurrency tax reporting requirements through 2026, giving exchanges and taxpayers more time to adapt. The update includes flexibility in cost-basis calculation methods for 2025 and new rules for both CeFi and DeFi brokers.
A16z Crypto Challenges IRS's New DeFi Reporting Requirements in Landmark Lawsuit
Venture capital firm A16z Crypto joins forces with industry groups to contest IRS regulations that would classify DeFi platforms as brokers. The controversial rules, set to take effect in 2027, are criticized for potentially stifling innovation and placing unreasonable compliance burdens on developers.
Treasury and IRS Unveil Controversial DeFi Reporting Rules, Crypto Industry Pushes Back
The U.S. Treasury and IRS have finalized new reporting requirements for DeFi brokers, mandating documentation of digital asset sales similar to traditional securities. The decision faces strong opposition from crypto industry leaders who question its timing and legality, particularly regarding KYC implementation requirements.
DeFi Industry Groups Challenge IRS Crypto Broker Regulations in Landmark Lawsuit
The Blockchain Association and partners have filed a lawsuit against the IRS over new rules classifying DeFi platforms as brokers. The regulations, requiring transaction reporting and KYC compliance by 2027, face criticism for overstepping authority and imposing technically unfeasible requirements.
Monero's Privacy Under Scrutiny: A Deep Dive into De-anonymization Attempts
Despite numerous attempts by analytics firms, academics, and government agencies to crack Monero's privacy features, the cryptocurrency's core anonymity protections remain largely intact. Multiple sophisticated mechanisms and regular security upgrades continue to safeguard user privacy against tracking attempts.