CryptoReporting
Key IRS and Treasury Updates on Cryptocurrency Reporting for 2025
In 2025, the Treasury and IRS have introduced updated reporting rules for digital asset transactions, including new definitions that cover DeFi brokers. While brokers must start reporting basis information in 2026, transitional relief is provided for reporting failures. Additionally, virtual currencies held in foreign accounts are currently exempt from FBAR reporting, though changes may come.
Published at 2025-09-02 18:08:49