The IRS’s move to delay finalizing rules on decentralized cryptocurrency exchanges offers a welcome reprieve for crypto tax executives, who said the agency needs more time to craft guidance tailored to the complex features of the platforms.
The agency on June 28 issued final regulations that provide more details on how centralized cryptocurrency brokers, such as Coinbase Global Inc., should report transactions. But the agency said it’s delaying rules on reporting requirements for decentralized exchanges and intends to have them out later this year. That move comes after the proposed version of the crypto broker rules included portions on decentralized ...
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