New Crypto Rules Tee Up Comment Drive About Assets, Exchanges

New IRS rules requiring more reporting on digital assets are opening the door to an onslaught of reactions over what assets and what brokers should be subject to the new requirements.

“It’s going to be a very interesting 60-day period for the entire crypto community,” said Shehan Chandrasekera, head of tax strategy and a CPA at CoinTracker. “People are going to be sending out a lot of comments.”

The rules dropped Aug. 25 and require cryptocurrency exchanges to disclose information on clients’ transactions to the IRS in an effort to clear up reporting requirements and better identify and ...